A new scheme encouraging further partnerships between Malta’s business community and the cultural sector was launched today.
Through this measure, companies giving donations to non-profit cultural organisations, and public cultural organisations may claim the amount donated as a deduction at 150% against the income for the year of assessment when the donation was made. The maximum tax deduction is capped at €50,000.
This incentive is effective as of 1st January 2016 and claims will start being processed in January 2017.
New fund for creative industry platforms Monday 16 October 2017
150% tax deduction on donations to culture Wednesday 30 March 2016
Crowdfunding: explained Tuesday 31 May 2016
Arts Council Malta launches revamped Malta Digital Games Fund Tuesday 21 June 2016