News

Tax incentives to be introduced to encourage savings

GANADO Advocates - August 4, 2014 - Categories: Other News
A Bill to amend the Income Tax Act has been published in terms of which a tax exemption will be available on interest received by an individual. The Bill also refers to a tax credit against income tax chargeable in Malta for any contributions made by a person to any personal retirement scheme or premiums paid in respect of a policy of insurance.