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ARTICLE · 06 DECEMBER 2021

Bill No. 247 - The Budget Measures Implementation Act, 2021

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Following the budget speech delivered by the Minister of Finance on the 11 October 2021, Bill No. 247 was published before Parliament to implement some of the Budget Measures for the Financial Year 2022...

MaltaFinance and Banking
Kirsten Debono Huskinson
Kirsten Debono Huskinson
Andrea Darmanin
Andrea Darmanin
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Following the budget speech delivered by the Minister of Finance on the 11 October 2021, Bill No. 247 was published before Parliament to implement some of the Budget Measures for the Financial Year 2022 and other administrative measures.

Principal Amendments to the Income Tax Act

The exemption from tax on transfers of securities listed on the Malta Stock Exchange or recognised under the Financial Markets Act is to be extended to securities listed on stock exchanges in the European Union / European Economic Area. It is also being proposed that the wording ‘stock exchange recognised under the Financial Markets Act' in this and other provisions will be changed to ‘stock exchange recognised by the Commissioner for the purpose of [each respective] provision'.

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