Malta – Changes To Income Tax Tables
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The Minister of Finance for Malta delivered the 2025 budget speech. The budget speech proposes the follow tax measures:
Tax Table Changes
‘Single’ / separate computation
| 2024 Income Bracket | 2025 Income Bracket | Applicable Tax Rates | Maximum Tax Saving |
|---|---|---|---|
| € 0 - € 9,100 | € 0 - € 12,000 | 0% | €435 |
| € 9,101 - € 14,500 | € 12,001 - € 16,000 | 15% | €585 |
| € 14,501 - € 19,500 | € 16,001 - € 60,000 | 25% | €585 |
| € 19,501 - € 60,000 | € 16,001 - € 60,000 | 25% | €675 |
| € 60,001 and over | € 60,001 and over | 35% | €675 |
‘Married’ / joint computation
| 2024 Income Bracket | 2025 Income Bracket | Applicable Tax Rates | Maximum Tax Saving |
|---|---|---|---|
| €0 - €12,700 | €0 - €15,000 | 0% | €345 |
| €12,701 - €21,200 | €0 - €15,000 | 15% | €525 |
| €21,201 - €28,700 | €23,001 - €60,000 | 25% | €525 |
| €28,701 - €60,000 | €23,001 - €60,000 | 25% | €645 |
| €60,001 and over | € 60,001 and over | 35% | €645 |
Parent computation
| 2024 Income Bracket | 2025 Income Bracket | Applicable Tax Rates | Maximum Tax Saving |
|---|---|---|---|
| €0 - €10,500 | €0 - €13,000 | 0% | €375 |
| €10,501 - €15,800 | €13,001 - €17,500 | 15% | €545 |
| €15,801 - €21,200 | €17,501 - €60,000 | 25% | €545 |
| €21,201 - €60,000 | €17,501 - €60,000 | 25% | €650 |
| €60,001 and over | € 60,001 and over | 35% | €650 |
Social Security
Social security contributions are expected not to increase for 2025.
Note: The above changes have not been approved by the Government of Malta . Once it is approved it will be effective from January 2025.
Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.
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Malta - Changes To Income Tax Tables
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