MT
Regulations, 2017
Statutory Text (5 Articles)
L.N. 153 of 2017
MALTA ENTERPRISE ACT
(CAP. 463)
Tax Credits for Research and Development and Innovation
Regulations, 2017
IN exercise of the powers conferred upon him by article 5 of
the Malta Enterprise Act, the Minister for the Economy, Investment
and Small Business, in consultation with the Malta Enterprise
Corporation, has made the following regulations:-
(1)
The title of these regulations is the Tax Credits for Citation and
commencement.
R&D Innovation Regulations, 2017.
(2) These regulations shall be deemed to have come into force
as from the 1st January 2017.
In these regulations, unless the context otherwise requires
Interpretation.
"the Act" means the Malta Enterprise Act;
"the Corporation" means Malta Enterprise established under the
Act;
"the Guidelines" means such guidelines as may be published by
the Corporation from time to time in terms of the Act;
The term "single undertaking" shall have the meaning attributed
to it by Commission Regulation (EU) No. 1407/2013 of 18 December
2013 on the application of Articles 107 and 108 of the Treaty on the
Functioning of the European Union to de minimis aid (the de minimis
Regulation)
"Small and Medium Sized Enterprises" (SMEs) shall include
any "medium-sized undertaking", "small undertaking" and "micro
undertaking" having the meaning attributed to them by Annex I of
Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring
certain categories of aid compatible with the internal market in
application of Articles 107 and 108 of the Treaty;
"Experimental Development" shall have the meaning attributed
to it in the Incentive Guidelines.
Where the Corporation is satisfied that an undertaking Assistance to
employs a person holding or reading a doctoral degree in one of the support
undertaking
areas specified in the Incentive Guidelines, the Corporation may with
credits.
assist such an undertaking by means of a tax credit in accordance with
the terms and conditions set out in the Guidelines.
Any assistance that may be provided under these
regulations shall be in conformity with Commission Regulation (EU)
No. 1407/2013 of 18 December 2013 on the application of Articles
107 and 108 of the Treaty on the Functioning of the European Union
to de minimis aid (the de minimis Regulation).
€0.18