A total 48,501 individuals benefitted from the reduction of the maximum income tax rate of 32 per cent to 29 per cent in 2014, Finance Minister Edward Scicluna said today.

Replying to a parliamentary question by Godfrey Farrugia (PL), Prof. Scicluna said these people saved €18,724,065 as a result.

He said that 3,942 people who paid for child care services benefitted from a tax reduction of €449,761 during the same year.

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