Skills Development Regulations, 2019

L.N. 15 of 2019

MALTA ENTERPRISE ACT

(CAP. 463)

Skills Development Regulations, 2019

IN EXERCISE of the powers conferred by article 5 of the Malta

Enterprise Act, the Minister for the Economy, Investment and Small

Businesses, in consultation with the Malta Enterprise Corporation and

with the concurrence of the Minister for Finance, has made the

following regulations: -

(1) The title of these regulations is Skills Development

Regulations, 2019.

(2) These regulations shall be deemed to have come into force

as from 1 st September 2018.

In these regulations, unless the context otherwise requires

"the Act" means the Malta Enterprise Act;

"the Corporation" means Malta Enterprise established

under the Act;

"eligible costs" means that expenditure that may qualify for

assistance in terms of these regulations and as shall be further

established in the Guidelines;

"the Guidelines" means such guidelines as may be

published by the Corporation from time to time in terms of the

Act;

"large undertaking" means any enterprise that does not

qualify as a "small undertaking" or a "medium-sized

undertaking";

"medium-sized undertaking" shall have the meaning

attributed to it by Annex I of Commission Regulation (EU) No

651/2014 of 17 June 2014;

"small undertaking" shall have the meaning attributed to it

by Annex I of Commission Regulation (EU) No 651/2014 of 17

June 2014;

"undertaking" means an undertaking as defined in the Act.

Where the Corporation is satisfied that an undertaking Assistance for

carrying out or intending to carry out an activity that may contribute to the

of training

the economic development of Malta, requires assistance to support to programs.

provide training to employees in relation to their employment, the

Corporation may provide such an undertaking with a tax credit or a

cash grant, in accordance with the terms and conditions set out in the

Guidelines.

An undertaking shall only qualify for the assistance Assistance to

provided by these regulations if such undertaking employ at least five eligible

undertakings.

(5) persons on a full time basis and meets any additional criteria that

shall be established in the Guidelines.

(1) Any assistance provided in terms of these regulations Form of Aid.

shall not exceed

(a) seventy per cent (70%) of the eligible costs in the

case of an undertaking which qualifies as a small undertaking;

(b) sixty per cent (60%) of the eligible costs in the case

of an undertaking which qualifies as a medium-sized

undertaking;

(c) fifty per cent (50%) of the eligible costs in the case of

an undertaking which qualifies as a large undertaking.

(2) The total amount of assistance that may be granted to an

undertaking in terms of these regulations shall not exceed the amount

of one million euro (€1,000,000).

The tax credit referred to in these regulations shall be due Form of tax

as a deduction from tax payable by an undertaking on its chargeable credit.

income derived from its trade or business for that year of assessment

established in accordance with the terms and conditions set out in the

Guidelines, and, where the tax credit, for that year of assessment,

exceeds the income tax payable on chargeable income derived from

trade or business for that year of assessment, by such an undertaking

for that year, the excess in the tax credit shall be allowed to be carried

forward to the subsequent year of assessment and deemed to be a tax

credit for that year

Provided that a tax credit shall not give rise to a right to a

refund of tax.

No assistance under these regulations shall be awarded by Deadline for

the Corporation after 31 st December 2020.

submission of

applications for

assistance.

The Assistance for Knowledge Transfer Regulations are

Revocation.

hereby revoked, without prejudice to any aid awarded, upon the

coming into force of these regulations.

€0.18