10 years of cost of living increases

10 years of cost of living increases

Income tax on overtime is to be reduced to 15 per cent on the first 100 hours above regular hours for those earning up to €20,000 in basic income and are not in management positions, Finance Minister Edward Scicluna said in the Budget speech on Monday.

The proposal was first made by the Labour party while in opposition in 2008.

In a pre-budget document published at the end of September, the Nationalist Party proposed that overtime and part-time work be taxed at 10 per cent.The budget will also introduce a new one-off payment to families that covers price increases in basic […]

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