Fiscal Measures

The Malta Budget 2025 has a number of Fiscal Measures.

Tax rates for individuals will be revised as from 1st January 2025. These revised rates will result in tax
savings ranging from €345 to €675 annually per taxpayer. The tax rates applicable up to the end of 2024
and as applicable from 1st January 2025 are included in the table below:

An increase in tax deductions for parents whose children attend licensed independent schools shall be
granted resulting in the following:

The Minister noted that the international tax scene continues to be dominated by Pillar 2, the global minimum tax rate of 15%. Malta is currently in discussion with the EU Commission regarding the introduction of measures and incentives in the form of grants or tax credits, referred to as QRTCs which are aimed to retain Malta’s attractiveness.
The reduced rate of duty from 5% to 1.5% on transfers inter-vivos between family members in respect of business property or shares shall be extended for another year.
The measure refunding the VAT paid upon the acquisition of bicycles and electric bicycles shall also be extended for another year.

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