Amendment to the Deduction (Income from Employment) Rules

By means of LN 188 of 2017, the Government has amended the above-mentioned rules.  These rules provide for a deduction against employment income where an individual (including any spouse where the responsible spouse has opted for a separate computation) derives employment income (other than income derived from the holding of an office of a director) […]

Written By ACT Team

On July 10, 2017
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By means of LN 188 of 2017, the Government has amended the above-mentioned rules. 

These rules provide for a deduction against employment income where an individual (including any spouse where the responsible spouse has opted for a separate computation) derives employment income (other than income derived from the holding of an office of a director) which does not exceed €9,500 per annum and where the individual does not derive any other chargeable income.  Prior to this amendment such an amount was €9,450 per annum. 

Such an individual who is chargeable to tax at the single rates of tax, shall be allowed a deduction against his employment income amounting to €9,100. 

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on +356 21378672 or send us an email on [email protected].