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28 paź 2024 · In one fell swoop, the government will widen the income tax bands in 2025, with workers expecting to save between €345 and €675. In a major boost to disposable income, the government is effectively cutting income tax by adjusting the tax bands in the three tax categories – single, married and parent.
Single workers will now need to earn at least €16,000 to pay 25% income tax, rising from the previous €14,500, with the thresholds for married workers and parents also rising by roughly €2,000....
28 paź 2024 · MaltaToday is unveiling a new salary calculator aimed at helping readers understand how this year’s income tax adjustments could impact their salaries. The calculator offers a simple way for individuals to evaluate how their take-home pay may change under the new tax structure.
29 paź 2024 · With respect to single persons, the tax free threshold has been increased to Eur12,000 (up from Eur9,100). With respect to the married and parent rates, the tax free threshold was increased to Eur15,000 and Eur13,000 respectively (up from €12,700 and €10,500 respectively).
28 paź 2024 · At the moment, the first €10,500 of a person's income, under this tax calculation, is not taxed; Budget 2025 will see this band be extended to a person's first €13,000. The next income bracket, featuring a taxation rate of 15%, will range for income between €13,001 and €17,500.
29 paź 2024 · In 2025, the annual minimum wage will be €12,045.08. This comparison shows that the income tax band revision is merely an alignment to the 2016 revision, with the amount of income non-taxable...
28 paź 2024 · Widening of all personal tax bands with effect from 1st January 2025. The new appliable rates are set out in the table below. The maximum annual tax savings range from €345 to €675.
