The Malta Independent 20 April 2024, Saturday
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Watch - Budget 2019: What’s in it for you?

Tuesday, 23 October 2018, 07:58 Last update: about 6 years ago

• No new taxes or tax increases

• COLA increase is €2.33 per week

• Further decrease in income tax

• Additional day of leave to be given to all workers

• Second round of tax refunds of between €40 and €68 to be given to over 200,000 people

• Pensions to increase by €4.50 a week (inclusive of COLA), to remain tax-free up to €13,000

• Tax exemption on third pillar pensions to be increased to €2,000.

Budget - Pensions/Elderly from The Malta Independent on Vimeo.

• Possibility of working beyond retirement age to be extended to the Public Service

• Final tranche of refunds on VAT paid on car registration tax to be handed out

• Disability benefit to increase by €10 a week

• Tax rebates for children attending private schools to increase

• MATSEC exams to become completely free

• Students and up to two adults to get free access to Heritage Malta sites

• Scheme to help individuals over the age of 40 to buy a property

Budget - Gozo from The Malta Independent on Vimeo.

• More accessible and revised rent subsidy

• Increased refund on VAT on wedding costs

• €100 million allocated for road infrastructure projects

• Launch of schemes to incentivize development of private urban car parks with overlying green areas

• €70 refund for households investing in reverse osmosis systems

• Free public transport to be extended to 14 and 15-year-olds, disabled persons and full-time students

• Allowance for Gozitans who work in Malta if they carpool or use public transport

• Ferry ticket refund for Gozitan private sector employees if they use public transport

• Affordable accommodation and rent subsidy for Gozitan students

 

 

 

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