Agricultural Subsidies (Income Tax Exemption) Rules, 2006

L.N. 52 of 2006

INCOME TAX ACT

(CAP. 123)

Agricultural Subsidies (Income Tax Exemption) Rules, 2006

IN exercise of the powers conferred by articles 12(1)(r) and 96 of

the Income Tax Act, hereinafter referred to as “the Act”, the Prime

Minister and Minister of Finance has made the following rules>-

The title of these rules is the Agricultural Subsidies (Income Title and

Tax Exemption) Rules, 2006, and they shall be deemed to have come commencement.

into force as from the year of assessment commencing on the 1 st of

January, 2005.

The subsidies that are exempt from income tax in accordance Exemption.

with the provisions of article 12(1)(r) of the Act are the following>

(a) subsidies granted under the Social Market Policy

Programme for Maltese Agriculture (SMPPMA) in the following

production sectors>

(i) fresh fruit<

(ii) fresh vegetables<

(iii) fruit and vegetables for processing<

(iv)

wine<

(v) pigmeat<

(vi) poultry meat<

(vii) eggs<

(viii) milk<

(b) European Union farm subsidies granted under the

Common Agricultural Policy (CAP)>

(i) aid to producers of tomatoes for processing<

(ii) sheep premium<

(iii) slaughter premium (bovines)<

(iv) veal premium<

(v) special beef premium<

(vi) aid on arable crops<

(vii)

aid to producer organisations and producer

groups<

(viii) aid on olive oil production<

(ix) set-aside aid<

(x) milk premium<

(c)

aid measures under the Rural Development Programme

(i) aid under the pre-accession Rural Stewardship

Scheme for Rubble Walls<

(ii) aid under the pre-accession Rural Stewardship

Scheme for Producer Groups<

(iii) aid under the RDP’s Producer Group measure<

(iv) aid under the RDP’s Agri-environment measures<

(v) aid under the RDP’s Less Favoured Areas measure<

(vi) aid under the RDP’s Ad Hoc measure<

(vii) aid under the RDP’s Meeting Standards measure<

(viii) aid under the Structural Funds measure on

Investments in Agricultural Holdings<

(ix) aid under the Structural Funds measure on

Marketing and Processing of Agricultural Products.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press