Malta has published the Act to implement Budget Measures for the Financial Year 2021 and other administrative measures (Act No. XVIII of 2021), which was enacted on 16 April 2021. The Act provides for the implementation of some of the budget measures first announced in October 2020, as well as certain others, and is generally deemed to have come into force on 1 January 2021.
One of the key changes made to the Income Tax Act is the introduction of a new defensive measure in relation to the E…