Recent tax credit developments in Maltese legislation – Update 4
News    ·   04-09-2017

AUTHOR: Mark Galea Salomone; Miguel Camilleri

The Deductions and Tax Credits (Relevant Qualifications for Industry) Rules, 2017, which were passed via Legal Notice 175 of 2017, have served to replace the previous rules found in Subsidiary Legislation 123.107, provided that the latter rules will remain in force with regard to applications made under such rules. The new rules now hold that students shall become entitled, after they have successfully completed their respective courses, to a deduction from the tax payable by the student on his chargeable income for the year of assessment commencing on the 1st of January of the year immediately following that in which the relevant qualification is obtained. Any amount not absorbed by tax payable for that year of assessment may be carried forward to be allowed as a tax credit for the subsequent ten years of assessment.

This credit is subject to a number of requirements, such as the credit not exceeding 70% of the study costs paid by the student from the beginning till the end of the relevant course, and the student submitting a) a declaration that he has not been reimbursed on such study costs, b) a copy of the certificate issued by the university/institution where the degree was received confirming successful completion of the course, and c) a copy of the tax credit certificate issued by the Department responsible for the administration of the scheme and the issuing of certificates within the Education Ministry.

A copy of the Rules can be obtained by clicking here. Should you require any assistance in this regard, please contact us on

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