150% tax deduction on donations to culture

Kristine Scerri  -  11/May/2016

Companies giving donations to non-profit cultural organisations, public cultural organisations or to Arts Council Malta as an intermediary on behalf of a beneficiary, may claim the amount donated at 150% against the income for the year of assessment when the donation was made.  The maximum deduction allowable shall not exceed € 50,000.  This incentive is effective as of 1st January 2016.

Kindly note that applications for monetary donations made during 2016 have to be received by the Arts Council Malta by not later than 30 January 2017.   

At KSi Malta, we have a team of experts that can help you in the submission of this application.  If you would like to know more please contact our tax advisor, Kristine Scerri on kscerri@ksimalta.com.

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