Budget 2013

Member since 18 October 2012

GuestPoster566ViP05 November 2013 03:52:42

3692

Top 10 items that will affect your life in 2014

Cost of Living Increase set at 3.49
25% decrease in electricity rates in March
Cigarettes to increase by 30 cents a packet
Alcohol to increase by 40 cents by litre
1 cent increase in price of petrol
Top rate of income tax to decrease from 32% to 29%
Tax free bracket for parents to increase from 9300 to 9800
Eligibility for reduced 15% part time tax rate to increase from 7000 to 10000 and to 12,000 for part-time self employed
Free childcare services
'Investment registration scheme' for people with undeclared monies or funds against payment of unspecified fine.

http://www.maltatoday.com.mt/en/newsdet … s-20131104

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georgeingozo ViP

Member since 24 March 2010

georgeingozoViP05 November 2013 05:14:01

3703

its 2014 budget not 2013 :-)

Much of the increased expenditure/decrease in income tax is dependent on the selling of citizenship/passports - assumed to raise 30m a year - if that doesn't happen, then there is a big hole

georgeingozo ViP

Member since 24 March 2010

georgeingozoViP05 November 2013 05:16:33

3703

redmik wrote:
Top rate of income tax to decrease from 32% to 29%

top rate remains 35%, tier just below is changing

GuestPoster566 ViP

Member since 18 October 2012

GuestPoster566ViP05 November 2013 05:20:34

3692

georgeingozo wrote:
redmik wrote:
Top rate of income tax to decrease from 32% to 29%

top rate remains 35%, tier just below is changing

Well spotted. I didn't analyse it, I just copied and pasted.

coxf0001 Serial expat

Member since 12 August 2013

coxf0001Serial expat05 November 2013 05:41:59

783

It all looks good news to me!

coxf0001 Serial expat

Member since 12 August 2013

coxf0001Serial expat05 November 2013 08:00:53

783

Just been reading about the childcare, that is such good news, free to all working mum's, even part time and in education...Yay.

I just hope that the centres will be local and plenty of spaces.

GuestPoster566 ViP

Member since 18 October 2012

GuestPoster566ViP05 November 2013 08:39:14

3692

coxf0001 wrote:
Just been reading about the childcare, that is such good news, free to all working mum's, even part time and in education...Yay.

I just hope that the centres will be local and plenty of spaces.

Intention is good. Implementation??

coxf0001 Serial expat

Member since 12 August 2013

coxf0001Serial expat05 November 2013 08:47:10

783

redmik wrote:
coxf0001 wrote:
Just been reading about the childcare, that is such good news, free to all working mum's, even part time and in education...Yay.

I just hope that the centres will be local and plenty of spaces.

Intention is good. Implementation??

The FES (Foundation of Educational Services,) run a club 3-16. which my kids go to and it's saved my life.

I am not sure if the FES is government, if it is, then I am hoping that the centres that are already in place, will just be free?

At present, as I am in full time education, I only get charged 30 cents an hour/child, which, on the whole is not bad but then I am not earning to be able to afford anything!

Fingers crossed it will be implemented well?!

On top of that, the fact that it's free for all working mums, means people will be better off than on benefits...It's the typical circle of needing to go back to work but for 4 months out of the year, your childcare costs out weigh your income!