28.10.2025
Highlights of the Malta budget 2026 in relation to employment and business updates, presented by the Finance Minister, Clyde Caruana.
Workers
- Cost of Living Adjustment (COLA) for 2026 will be €4.66 per week.
- Social security contributions paid before the age of 18 will now count towards pensions.
Business Industry and Technology
- €100 million fund (national and EU resources) announced to boost AI training and business digitalisation.
- Business Development Scheme by Malta Enterprise to be extended. This scheme facilitates value-added projects, including new business initiatives, start-up, expansions and transformation activities that shall contribute to the regional development of Malta.
- A new complex for SMEs in ?al Far will be developed by Indis in the next two years.
- Government to subsidise pay rises for workers who have spent four years with one company (covering 65% of a pay raise for workers in Malta and 80% for those in Gozo) as part of the MicroInvest Scheme.
- Local companies to receive a 60% tax credit on investment over a period of four years.
If you would like more information on how the 2026 budget might impact your business in Malta, please feel free to reach out to us at info@fairwindsmanagement.net.
Fairwinds Management Limited is a MFSA licensed firm offering Business Solutions in Malta. As part of our services, we offer Accounting, Administration, Corporate and Legal solutions. Fairwinds Management also manages the brand Accounting Services. More information about us and our key services please visit our website. You may reach Fairwinds Management on +356 2704 0903 or info@fairwindsmanagement.net.
Article written by Ms Charlene Sciberras, B.A. (Hons), guest writer, a marketing and business administration specialist with a special focus on corporate, accounting, and legal matters.