• €4.08 weekly cost-of-living adjustment in wages.

Taxpayers

• Cut in upper tax rate from 35% to 25% over three years.

• Those earning €60,000 save €1,200 in 2013, €2,400 in 2014 and €3,600 in 2015.

• Those earning €45,000 save €500 in 2013, €1,000 in 2014 and €1,500 in 2015.

• €1,300 tax deduction for parents sending their children to childcare centres.

Households

• Water and electricity tariffs will re-main stable on continued government support for Enemalta.

• Feed-in tariffs ranging from 16c to 18c per kWh for PV panels not supported through other funding.

• Plans for a PV panel support scheme.

• Scheme for families unable to invest in PV panels on their rooftops.

• Extension of scheme offering 40 per cent solar water heater rebate (up to €400).

• Rebate of 15.25 per cent, up to €1,000, on double glazing and roof insulation.

• Water conservation apparatus provided for every household.

• 15.25% deduction on cost of gym equipment for the home.

Elderly

• €300 allowance extended to those over 78 to help them continue living at home.

• Full cost-of-living increase.

• Casa Flamini in Paola to be converted into a home.

• Higher supplementary allowance for over-65s where household income is below the risk-of-poverty threshold.

• A further €200 increase in the exempted service pension, to reach €1,266.

Entrepreneurs

• MicroInvest scheme extended for two more years for businesses with under 30 employees. MicroCredit and Micro-Guarantee schemes also continued.

• Promotion of clusters and networks to support those seeking to benefit from Single Market opportunities.

• Tax deductions of up to €30,000 on seed capital.

• Tax rate on new N1 commercial vehicles reduced by 12.5%.

• Weekend courses for those interested in starting a business.

Hotel owners

• Tax credits on 15 per cent of capital expenditure.

• Tax deductions on investment in boutique hotels in Valletta.

• Reduced Gozo Channel tariff for those spending a night in Gozitan licensed accommodation between November and February.

Students

• Entrepreneurship training from primary school to tertiary level.

• New secondary schools in Kirkop, Paola, Santa Venera and Pembroke.

• Tax rebate for students paying to obtain an academic qualification.

• New ITS, Mcast campuses.

Unemployed youth

• Training and 20-hour work experience scheme with a pro-rata benefit.

• Training and mentoring for those interested in becoming entrepreneurs.

• Financial incentives for apprentices and their employers. Increase in apprenticeship stipend from €86 to €95.

• Specialised training to strengthen skills for persons with disability.

Vehicle owners

• 2c per litre increase in excise duty on diesel and petrol.

• Registration tax on Euro V cars reduced by up to 30 per cent.

• Registration tax on Euro IV cars increased by about 10 per cent.

• Reduced scrappage scheme: €500 towards a new car if the old one is scrapped.

• No registration tax on motorcycles with 250cc engine and 25% cut on other engine capacities.

• No registration tax on classic cars 50 years old and over and no circulation licence on those 30 years and older.

• €200 rebate for cars that are converted to autogas.

Gozitans

• Scheme to support the unemployed.

• Centre in Victoria to offer health and educational services to children with specific needs.

• Gozo Hospital to offer chemotherapy, dementia unit, elderly night shelter and house for patients with mental illness.

• Residential home for disabled people.

Patients

• Pharmacy of Your Choice scheme extended to remaining localities over the next two years.

• IVF service for eligible couples.

Social beneficiaries

• All social benefits to increase in line with the cost-of-living adjustment.

• Increase in energy benefit on gas to increase from €30 to €40.

Persons with disability

• Couples with a disability who got married before January 2007 to be entitled to the same pension as those who got married after that date.

• Tax deduction of up to €2,500 on fees for residency services.

• 150 more jobs under a work scheme that will cover local councils, NGOs and government entities.

Property buyers

• 3.5% stamp duty ceiling for first-time buyers raised from €116,468 to €150,000.

• Removal of stamp duty on property inherited from parents.

• Extension from seven to 12 years on choice of paying capital gains tax or 12 per cent final withholding tax.

• Those purchasing a first home may present the bank architect’s valuation.

• First 300 applicants, from first-time buyers, will qualify for a subsidised 2.5 per cent interest rate on bank loan for the first eight years, receiving up to €14,000 in subsidy.

Youth

• Stipends and other financial incentives for those up to 25, or new graduates, who spend time doing voluntary work in Malta or abroad.

• Support for young people wanting to explore business opportunities.

Property owners

• Up to €5,000 grant to restore residential properties classified as Grade 1 or 2 in urban conservation areas.

• 2% deduction in stamp duty and 20% tax deduction up to €200,000 for individuals and companies that purchase properties outside urban conservation areas for restoration.

NGOs

• Tax exemption for those conforming with the NGO Act (2007)

• Rebates of up to €2,500 on the restoration of Grade 1 or 2 properties transferred to them from the Government.

• Financial support for projects through the Council for the Voluntary Sector.

Smokers

• 6% increase in excise duty on cigarettes, which will rise by 20c per packet, and 8% increase on tobacco.

Working women

• New childcare centres in Naxxar, San Ġwann, Gżira and Żurrieq.

• One year tax-free status for women returning to work after five years.

• Maternity leave increases to 18 weeks.

• Minimum children’s allowance will increase from €350 to €450. For those on the minimum wage the rise will be of €177 per child.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.