Malta Gazettes Law Implementing 2026 Budget Measures

The Maltese Official Gazette March 10 published Law No. III/2026, implementing the 2026 budget measures. The law includes measures: 1) introducing a 175 percent enhanced deduction for qualifying R&D and innovation expenses for business purposes, with capital expenditure spread over six years; 2) increasing, to 4,500 euros (US$5,170) from 2,500 euros (US$2,872), the maximum deductible amount under the sports-related deduction; 3) revising personal income tax brackets and rates for married couples, single taxpayers, and parents, with updated thresholds and marginal rates up to 35 percent on income exceeding 60,000 euros (US$68,931); 4) extending eligibility for social security benefits, including disability-related ...