Malta's Minister for Finance delivered the Budget Speech for 2025 to parliament on 28 October 2024. The tax measures are mainly focused on individuals, including the following individual income tax brackets/rates with increased exemption thresholds:
- Single:
- EUR 0-12,000 - 0%
- EUR 12,001-16,000 - 15%
- EUR 16,001-60,000 - 25%
- EUR 60,001 and over - 35%
- Married:
- EUR 0-15,000 - 0%
- EUR 15,001-23,000 - 15%
- EUR 23,001-60,000 - 25%
- EUR 60,001 and over - 35%
- Parent:
- EUR 0-13,000 - 0%
- EUR 13,001-17,…