Malta: Tax proposals in budget 2018 | KPMG Global
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Malta: Tax proposals in budget 2018

Malta: Tax proposals in budget 2018

Among the tax proposals in Malta’s budget for 2018 are the following measures.


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  • Value added tax (VAT) grouping for regulated groups active in financial services and gaming sectors
  • Increase in the VAT threshold for small businesses to €20,000
  • Exemption of electric and hybrid vehicles from registration tax and annual road license fees for five years, measured from the date of registration
  • A VAT rebate of up to €400 on purchases of motorbikes, scooters, and bicycles with an electric assist motor
  • Extension of the VAT rebate on the purchase of bicycles and electric bicycles for another year
  • Extension of the reduced rate of duty (2.5%) for purchases of vacant property located in an urban conservation area, and a one-year extension of the reduced rate of duty (2%) for persons purchasing a residence in Gozo 
  • Expansion of the “MicroInvest scheme”
  • Tax relief for individuals earning less than €60,000
  • Increase in the pension tax-free bracket
  • A tax credit of up to €60,000 for individuals completing graduate degrees at the Masters or Ph.D level 


Read an October 2017 report prepared by the KPMG member firm in Malta

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