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ARTICLE · 01 NOVEMBER 2023

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Malta Budget 2024 Highlights

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Malta will not introduce any of the components of OECD Pillar 2 rules on global minimal tax of 15% in 2024...

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KEY MEASURES

  • Malta will not introduce any of the components of OECD Pillar 2 rules on global minimal tax of 15% in 2024
  • No changes to the corporate tax system in Malta are envisaged; the full imputation system will remain
  • Cost-of-living adjustment (COLA) will be €12.81 per week
  • Increase of minimum wage from €192.73 per week to €213.54 per week as of January 2024
  • Introduction of a Venture Capital Fund for startups
  • €10,000 increase in grant for first time buyers purchasing UCA or vacant property in Gozo
  • Extension of stamp duty reduction from 5% to 1.5% on transfer of family businesses
  • Malta advances esports strategy, promotes digital game education, and will host ESL Pro League Season, and strengthen gaming regulations

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