Donations (Sports and Culture) (Amendment No. 2) Rules, 2016

L.N. 399 of 2016

INCOME TAX ACT

(CAP. 123)

Donations (Sports and Culture) (Amendment No. 2) Rules, 2016

IN exercise of the powers conferred by articles 14(2)(b) and 96

of the Income Tax Act, the Minister for Finance has made the

following rules:-

The title of these rules is the Donations (Sports and Citation.

Culture) (Amendment No. 2) Rules, 2016, and these rules shall be

read and construed as one with the Donations (Sports and Culture) S.L.123.102

Rules, hereinafter referred to as "the principal rules".

Rule 3 of the principal rules shall be amended as follows

Amends rule 3

of the principal

rules.

(a)

sub-rule (1) thereof shall be substituted by the

following

"(1) Where, in any year of assessment, a company

proves to the satisfaction of the Commissioner that it has

made a cash donation to a sports person participating in a

national sports event or an international sports event, such

donation may be claimed as a deduction against income for

the year of assessment in which it is made, provided that a

certificate is issued in this respect by SportMalta thereby

certifying recognition of the event and registration of the

sports person

Provided that such deduction may only be

claimed if the said sports person is not in any way related

to the said donor company.";

(b) in sub-rule (4) thereof, for the words "The Malta

Sports Council" there shall be substituted the word

"SportMalta"; and

(c)

immediately after sub-rule (4) thereof there shall be

added the following new sub-rule

"(5) For the purposes of this rule

"international sports event" shall mean any form of

event having a competitive element, being organized by an

international governing body recognized by SportMalta, in

which local sports persons can participate;

"national sports event" shall mean any league,

knock-out competition or other form of local competition

taking place in the territory of Malta intended for local

sports persons, recognized as such by SportMalta; and

"sports person" shall mean an athlete, club,

association, federation, foundation or any other sports

organisation registered under any other category as

established by SportMalta which is deemed to be a "not-

for-profit" sports entity and is registered in the Register of

Persons kept by SportMalta as required by the Sports

Act.".

€0.18