Amendment to the Tax Rebate (Pensioners) Rules

The Government of Malta has recently published Legal Notice 326 of 2019 to increase the maximum amount of tax rebate available to persons chargeable to tax at the rates specified under article 56(1)(a) and (b) of the Income Tax Act. The LN will come into force with respect to income earned on or after 1 […]

Written By ACT Team

On December 16, 2019
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The Government of Malta has recently published Legal Notice 326 of 2019 to increase the maximum amount of tax rebate available to persons chargeable to tax at the rates specified under article 56(1)(a) and (b) of the Income Tax Act. The LN will come into force with respect to income earned on or after 1 January 2020.

The Tax Rebate (pensioners) rules apply to individuals who are in receipt of income from any pension chargeable to tax under article 4(1)(d) of the Income Tax Act, and who were at least 61 years of age in the year when such pension was received.

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].