Malta's 2016 Budget Presented

On 12 October 2015, Malta's Minister of Finance Edward Scicluna presented the budget for 2016 to parliament. The main tax related measures introduced in the budget include:

• Fiscal consolidation for tax purposes is introduced for groups of companies with the same ownership;
• An R&D tax credit of up to EUR 10,000 is introduced for taxpayers that employ individual with a doctorate in science, information technology, or engineering for at least 12 months;
• Taxpayers deriving rental income from…