Malta Budget 2016 – General overview

In the Budget speech for 2016, Finance Minister Prof. Edward Scicluna announced various fiscal measures and other social and environmentally friendly incentives. These include a reduction in personal tax across all the different tax rates, a plan to extend the final tax at the flat rate 15% to also cover income derived from the rental of commercial property and the reduction of the property transfers tax from 8% to 5% for certain transfers of regenerated properties in an Urban Conservation Area (“UCA“). For further information about these fiscal measures and other measures to be introduced kindly click here.

This is a unique website which will require a more modern browser to work!

Please upgrade today!