Income Tax Rates 2024 Malta. To encourage pensioners to continue working beyond retirement age, pension income has been, over a 5 year period since 2022, gradually excluded from taxable income. The free online 2024 income tax calculator for malta.
Once this reduced rate is applied, no other exemption or duty relief. โ the untaxed portion of additional income earned by pensioners who are still active in the workforce is to increase by 20% to 60%.