Malta Budget 2021 Europe Finance Information Malta Money October 19, 2020October 19, 2020 Like in recent years, the Malta Budget 2021 is announced on a Monday in the month of October. The people will be waiting for it, and would have already speculated on what would be the budget measures for the next year. Below you will find a snapshot of some of the measures that will be introduced. This is not the full list. Measures Family Increase in children’s allowance to all familiesCouple who adopt a child locally will receive a grant of €1,000A €6,000 yearly grant will be eligible for those who hire a carer to look after a person with a disabilityIn-work benefit thresholds to be extended. Another 4,500 families will benefit from this. One year of free internet will be given to those students who continue studying after they reach 16 years of ageA grant of €300 will be given to those parents who have to quit work to care for a disabled child who is older than 16 Pensions All those aged 70 or older will be given Tallinja card for freeThe cost of living allowance will be €5 per week (€3.25 per week more than the norm)Those pensioners who do not qualify for a pension will receive a bonus of €350Senior citizens will have Government bonds reserved for them with favourable interest rates Other Malta Budget 2021 measures / information The cost of living allowance will be €1.75 per weekWage supplement to given to pandemic-affected businesses will be extended to March 2021 (at least)Increase in income tax refund – for single people and also for married couplesThe Government voucher scheme is to be extended with a further €100 in vouchers (per person)One additional vacation leave day to all employees for public holidays falling on weekendsIf the income of an NGO is under €50,000, they are to be exempt on TaxTax incentives for first-time buyers up to €200,000 on property valueThere will be reduced tax on property given by donationThose paying for a private pension will see the tax-exempt threshold increased from €2,000 to €3,000The property transfer concession of 1.5% tax will be extended by a further 12 monthsThe car scrappage scheme is to be extended. The maximum grant will be €7,000 This is an information page, and it is not associated with any political party, newspaper or anything of this sort. The idea of this blog is to give a very high-level of the Malta Budget 2021.Please note that some details might be incorrect when this blog post has been published. Other Links – Places in Malta and Gozo Malta, Gozo and CominoVideos of Siġġiewi and nearby places(i) Valletta, Malta(ii) Valletta, Malta (by night)Mdina, MaltaRabat, Malta(i) Marsaxlokk, Malta(ii) Marsaxlokk, Malta(iii) Marsaxlokk, MaltaSliema, MaltaHaz-Zebbug (Citta’ Rohan), MaltaDingli Cliffs and FawwaraHagar Qim and Mnajdra TemplesWied iż-Żurrieq, MaltaBuskett GardensBlue GrottoAzure Window, GozoMarsalforn, Qbajjar and salt pansDwejra, GozoMarsalforn, Gozo(i) Xlendi, Gozo(ii) Xlendi, GozoWied il-Għasri, Gozo To contact the owner of The Maltese Blogger, please send a mail to malteseblogger@gmail.com For other information related to Malta, current affairs, local COVID19 news, local information, shopping, travel, events and much more, please check the other blog posts in this blog by clicking here For videos related to travel, places around the world, animals, occasions, and much more, please visit my YouTube channel by clicking here Share this now:RedditTumblrPinterestWhatsAppTwitterFacebookLinkedInLike this:Like Loading...