The Maltese Official Gazette April 2 published Law No. XIII/2024, implementing the 2024 budget measures. The law includes measures: 1) adjusting pension rates based on social security contributions, effective Jan. 1; 2) increasing the pensionable income of specified individuals, with the calculated pensionable income for 2024 not exceeding 22,000 euros (US$23,803); 3) establishing an additional benefit to combat the cost of living, with the highest disposable income not exceeding 50,000 euros (US$54,097); 4) allowing deduction of specific expenditures related to intellectual property, subject to conditions, applicable from tax year 2024; 5) introducing general anti-abuse provisions that disregard, in a specific ...
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