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.


Related content

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

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal