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 00356 21378672 or send us an email on [email protected].