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.
