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Malta Budget Speech for 2025 Delivered to Parliament Including Individual Income Tax Changes

31 October 2024

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Proposed Changes

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Malta

Malta's Minister for Finance delivered the Budget Speech for 2025 to parliament on 28 October 2024. The tax measures are mainly focused on individuals, including the following individual income tax brackets/rates with increased exemption thresholds: Single: EUR 0-12,000 - 0% EUR 12,001-16,000 - 15% EUR 16,001-60,000 - 25% EUR 60,001 and over - 35% Married: EUR 0-15,000 - 0% EUR 15,001-23,000 - 15% EUR 23,001-60,000 - 25% EUR 60,001 and over - 35% Parent: EUR 0-13,000 - 0% EUR 13,001-17,500 - 15% EUR 17,501-60,000 - 25% EUR 60,001 and over - 35% Click the following link for further information on...