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Malta's 2015 Budget Presented

|Proposed Changes|Malta
Malta

Malta's budget document for 2015 was presented by the Ministry of Finance on 17 November 2014. The main tax related measures introduced in the budget include:

  • A reduction in the individual income tax rate from 29% to 25% for income up to €60,000 for all computation methods: single, married and parental
  • A tax credit of up to €250,000 per year will be introduced for investments in seed capital of start-ups
  • A tax credit of up to €4,500 and an exemption from social security contributions will be…

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