Further to the Budget for 2026 announced on 27 October 2025, the Budget Measures Implementation Bill has been published. The Bill 155 proposes amendments to: Part II Amendment to the Customs Ordinance. Cap. 37. Part III Amendments to the Income Tax Act. Cap. 123. Part...
The Minister for Finance and Employment, the Hon Clyde Caruana, has delivered the Budget Speech for 2026. Download the Budget Speech here. The following is an overview of some of the fiscal measures announced: INCOME TAX → The income tax brackets for individuals (married and parent computations) who...
The Senior Employees of Family Offices, Back Offices and Treasury Management Operations Tax Rules 2025 have been published by LN 250 of 2025. The rules establish the eligibility criteria underpinning the right for qualifying employees to elect to pay tax on income from qualifying employment at...
The MTCA has announced that the deadline to submit the required information for the respective tax credit for women returning to employment has been extended from fifteen (15) to thirty (30) days...
The MTCA has published the election form for Final Income Tax Without Imputation, pursuant to the Final Income Tax Without Imputation Regulations, 2025 (LN 188 of 2025) - See MIT News 2 September 2025. The form is at this link: Election for Final Income Tax (Director...
In exercise of the powers conferred by article 22B of the Income Tax Act, the Final Income Tax Without Imputation Regulations, 2025 have been published by Legal Notice 188 of 2025. Article 22B of the Income Tax Act permits the Minister responsible for finance to make...
To mark its 30th anniversary, the Institute is offering alumni of the MIT Course on Taxation, who completed the course between 2005 and 2019, the opportunity to supplement the knowledge obtained by enrolling for any lecture/s of the MIT Course on Taxation 2025/2026. The MIT Course...
The Determination of Additional Penalty Rules, 2025 have been enacted pursuant to L.N. 177 of 2025. These rules, issued under the DUTY ON DOCUMENTS AND TRANSFERS ACT, the INCOME TAX MANAGEMENT ACT and the VALUE ADDED TAX ACT, establish the manner in which the additional...
Bill 142 of 2025 (See MIT News 1 August 2025) has secured parliamentary approval and has been enacted as Act No. XXX of 2025, published on 11 August 2025. The Act amends various Revenue Acts – the Social Security Act, the Duty on Documents &...
