Malta Releases 2021 Budget
by Lorys Charalambous, Tax-News.com, Cyprus
02 November 2020
Malta's 2021 Budget, announced on October 19, 2020, included tax breaks for individuals and an increase to the VAT registration threshold.
The Budget includes an increase to the VAT registration threshold to EUR30,000 (USD35,450) from EUR20,000, as well as an increase to the tax-exempt threshold for private pension income and increased income tax refunds for taxpayers earning less than EUR60,000.
The stamp duty exempt threshold for first-time buyers will rise to EUR200,000 from EUR175,000, and reduced stamp duty rates under the Economic Regeneration initiative will be extended, for agreements registered until March 31, 2021, providing a contract is agreed no later than December 31, 2021.
The Budget also extends tax concessions for electronic vehicles.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Multilateral Moves Ongoing »
- EU Advances On Trade And Tax »
- Budgets Are Go... »
- How a virtual office can help your Hong Kong small business? »
- COVID Campaigns Continue »
- US Occupies Center Stage »
- Big changes Afoot... »
- I.T. is IT! »
- What Is a Registered Agent, and Why You Need a Registered Agent for Your Business? »
- Spring Cleaning? »