Malta: Tax measures in budget 2021

Malta: Tax measures in budget 2021

Malta’s budget for 2021 includes tax provisions that would affect business and individual taxpayers.

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For businesses, there are measures intended to provide economic relief in response to the coronavirus (COVID-19) pandemic. Also, the budget proposes the following:

  • The value added tax (VAT) exempt threshold would increase from €20,000 to €30,000.
  • The reduced rate of duty of 1.5% on the transfer of family business would be extended by another year until end of 2021.

Read an October 2020 report provided by the KPMG member firm in Malta on a dedicated budget 2021 webpage

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