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Budget for 2014 presented

25 December 2013

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Proposed Changes

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Malta

The Budget for 2014 was presented by the Minister of Finance on 4 November 2013. The main features of the Budget are as follows: -   The top personal income tax rate for individuals earning up to EUR 60,000 will be reduced from 32% to 29%. -   The income tax bracket for Parent Computation will be increased from EUR 9,300 to EUR 9,800. -   The 15% tax rate applicable to part-time employment will be applied to income not exceeding EUR 10,000 for employed individuals, and EUR 12,000 to self-employed part-time individuals. -   The government will launch an...