Budget 2022 – Cost of Living Allowance

Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. Cost of living adjustment will be Eur1.75 per week. Which will be applicable to all employees, pensioners and those entitled to social benefits.  Students receiving stipends will also benefit from a pro rata increase.  Pensions will also be increasing […]

Written By Stephen Balzan

On October 12, 2021
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Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022.

Cost of living adjustment will be Eur1.75 per week. Which will be applicable to all employees, pensioners and those entitled to social benefits.  Students receiving stipends will also benefit from a pro rata increase.  Pensions will also be increasing by Eur5 per week of which Eur175 relates to the COLA.

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].