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ARTICLE · 13 OCTOBER 2021

Malta Budget 2022 Highlights

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This report explores the key measures of the 2022 Malta budget.

MaltaTax
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This report explores the key measures of the 2022 Malta budget.

KEY MEASURES

  • Temporary schemes to be introduced to benefit from capital allowances on investments made by enterprises during the pandemic;
  • With effect from 1st June 2022, the interest rate on income tax and VAT balances will be 7.2% per annum (0.6% per month);
  • No capital gains nor stamp duty on the first €750,000 on the sale and purchase of certain traditional Maltese buildings;
  • Introduction of carbon trading system in Malta;
  • Free public transport to all Maltese citizens and residents as of October 2022;
  • Tax on part-time income will decrease from 15% to 10%;
  • The first €10,000 earned from overtime by employees shall be taxed at 15%;

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