The Minister for Finance introduced the 2025 budget, which includes the following proposed tax measures:
- Increase cost-of-living adjustment (COLA) to €5.24 per week
- Increase the national minimum wage to €221.78 per week
- Subsidize energy, fuel, and grain prices
- Introduce wider individual (personal) tax bands as from 2025
- Require employers to offer occupational pension plans
- Social security contributions remain unchanged
- Duty on transfer of family businesses remains at 1.5%
- Launch of Malta’s Vision 2050
- Introduce visas for esports athletes
- Discussions with EU Commission on Pillar Two-compliant grants / qualified refundable tax credits (QRTCs)
- Increase pensions by €8 per week
- Extend urban conservation area (UCA) and old / vacant property schemes
Read an October 2024 report prepared by the KPMG member firm in Malta
Read a November 2024 report prepared by KPMG's EU Tax Centre that provides updates on Pillar Two implementation and the introduction of tax incentives