Malta: Tax measures in budget 2022

Malta’s budget for 2022 includes tax provisions that would affect business and individual taxpayers.

Tax measures in budget 2022

Malta’s budget for 2022 presented on 11 October 2021, includes tax provisions that would affect business and individual taxpayers.

Regarding the proposals for business taxpayers, the budget 2022 includes:

  • A temporary measure for the year of assessment 2022, entities with excess capital allowances as a result of losses incurred because of the coronavirus (COVID-19) pandemic may be “surrendered” to other group companies to be used
  • A reduced rate of transfer tax of 1.5% on intervivos transfers of family businesses
  • Tax incentives for investments in certain buildings and properties and for new investments made by business taxpayers

Read an October 2021 report [PDF 11 MB] prepared by the KPMG member firm in Malta

 

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