On 30 April 2015, the Maltese Parliament passed the Budget Measures Implementation Act XIII, thus approving the Budget presented by the Minister of Finance on 17 November 2014.
Aside from a reduction in personal income tax, salient features of the passed act include the following:
- The definition of a company is amended to include partnerships en nom collectif and partnerships encommandite, which would have elected to be treated as a company. From year of assessment 2016, such par…