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.


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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