ARTICLE · 11 MAY 2023

The Budget Measures Implementation Act, 2023

KPMG Malta

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Following the last budget speech and the parliamentary debates on Bill No. 24, the Budget Measures Implementation Act, 2023 (‘the Act') was issued on 4th April 2023.

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John Ellul Sullivan

Lisa Zarb Mizzi

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Act XII of 2023 contains amendments to implement some of the Budget Measures for 2023. We highlight the salient Income Tax and VAT measures enacted.

Following the last budget speech and the parliamentary debates on Bill No. 24, the Budget Measures Implementation Act, 2023 ('the Act') was issued on 4^th April 2023. The Act contains amendments to several laws including the Income Tax Act, the Income Tax Management Act and the Value Added Tax Act.

Following the publication of the Act, the Office of the Commissioner for Revenue published a note providing a summary of the direct tax amendments.

We highlight hereunder the salient changes to these fiscal laws.

Amendments to the Income Tax Act and Income Tax Management Act

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