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Malta Budget 2016 Highlights

02.10.2015

Introduction

On the 12th October 2015, the Minister of Finance, the Hon Professor Edward Scicluna presented his speech for 2016 budget. This document highlights the main fiscal measures as well as the latest economic forecasts on the Maltese economy.

Highlights

  • Widening of the income tax exempt brackets for individuals
  • New optional income tax rate for commercial property rental
  • Reduced income tax rate for coaches and players
  • Measures to revamp property market
  • Extension of Stamp Duty exemption for first-time buyers
  • Reduced VAT Rate on sports activities and facilities
  • Re-introduction of the Motor Vehicle Scrappage Scheme
  • Extension of in-work benefit 

Click here to download Malta Budget 2016 Highlights.