Malta Budget 2025 – Widening of the tax bands

Malta Budget 2025 – Widening of the tax bands

The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The Minister announced the widening of all personal tax bads with effect from 1st January 2025.  With respect to single persons, the tax free...
Malta Budget 2025 – Cost of living allowance

Malta Budget 2025 – Cost of living allowance

The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The cost of living allowance (COLA) for the year 2025 has been set at €5.24 per week (€12.81 in 2024), thus increasing the national minimum wage to...
Malta Budget 2025 – Tax exemption on pensions

Malta Budget 2025 – Tax exemption on pensions

The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The gradual income tax exemption which was introduced in 2022, on pensions received by individuals who are at least 61 years of age, shall continue to...