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A person carrying on a trade, business, profession or vocation may claim a deduction against its income equivalent to 150% of the costs incurred for the transportation of employees to and from the place of work using vehicles capable of carrying more than 8 persons. 

 

These rules shall apply in respect of transportation costs incurred for the transport of employees as from 2017 up to 2019.  The deduction in a given year may only be claimed on the lower of:

a)    Euro 25,000 of the employee transportation costs; or

b)    Euro 300 per employee.


If you would like to know more about this development and how it might affect your business kindly contact:


Kristine Scerri

Tax Advisor 

kscerri@ksimalta.com