MTCA guidance on the taxation of pension income
The MTCA has published a Manual on The Taxation of Pension Income in Malta - view here...
9 January 2025
Tax exemption rules for pensions revised
The Pensions (Tax Exemption) Rules have been updated by LN 356 of 2024. The revised rules, which update the exemption thresholds for pensions income, enter into effect as of 1 January 2025....
27 December 2024
Amendment to the Deduction (Income from Employment) Rules
The Deduction (Income from Employment) Rules have been revised by LN 358 of 2024, increasing the thresholds in Rules 2 and 3...
27 December 2024
Taxation of insurance undertakings adopting IFRS 17
The Taxation of Business of Insurance following the adoption of the International Financial Reporting Standard 17 Insurance Contracts Rules, 2024 have been published by LN 334 of 2024. The rules apply to any person that derives gains or profits wholly or in part from the business...
10 December 2024
Tax Credit for study costs extended (Get Qualified Scheme)
The Deductions and TaxCredits (Relevant Qualifications for Industry) Rules (SL 123.107) have been revised by LN 323 of 2004, extending the Get Qualified Scheme up until 31 December 2025. Under the Get Qualified Scheme Students following courses approved by the Malta Enterprise can apply for tax...
3 December 2024
MTCA Notice to Tax Representatives
The MTCA has issued a Notice to Tax Representatives who downloaded the supplementary tax return document Version1.1 from the MTCA website on November 27th or 28th, 2024, that is no longer available. View here....
1 December 2024
Budget Measures Implementation Bill 2024
Further to the Budget for 2025 announced on 28 October 2025, the Budget Measures Implementation Bill has been published. The bill proposes amendments to: Part II Amendment to the Customs Ordinance. Cap. 37. Part III Amendments to the Income Tax Act. Cap. 123. Part IV...
29 October 2024
Malta Budget 2025
The Minister for Finance and Employment, the Hon Clyde Caruana, has delivered the Budget Speech for 2025. The following is an overview of some of the fiscal measures announced: → The income tax brackets for individuals (single, married and parent computations) will be widened, which is...
29 October 2024
Guidance Note on IFRS17
The Malta Tax & Customs Administration has published a new Guidance Note in Relation to the Taxation of Insurance Businesses Following the Adoption of IFRS 17 Insurance Contracts Rules. View the guidance here....
26 October 2024