Malta Increases Value of Personal Tax Deductions

Dr. Trudy Marie Attard | Published on 21 May 2012

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In May 2012, by virtue of the adopted budget implementation Act, Act V of 2012 ‘An Act to implement Budget measures for the financial year  2012 and other administrative measures’ enacted on 14 May 2012, Malta increased the following fees that may be deducted from an individual's income tax return. A new deduction for fees for cultural activities has also been introduced.

The school fee deduction has been increased to:

a)      €2,300 for each child in secondary school,

b)      €1,600 for each child in primary school,

c)       €1,300 for each child in kindergarten.

The deduction for childcare fees has been increased to €1,300

The deduction for homes for the elderly fees has been increased to €2,500

As of 2012, a new deduction for fees for cultural activities may be claimed by parents who paid fees in respect of children under sixteen years who attend creative or cultural courses organised by institutions licensed by MCCA. The deduction is set at a maximum of €100.

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