MT
Income from Sports Activities Rules, 2024
Statutory Text (5 Articles)
L.N. 147 of 2024
INCOME TAX ACT
(CAP. 123)
Income from Sports Activities Rules, 2024
IN EXERCISE of the powers conferred by articles 56(26) and 96
of the Income Tax Act, the Minister responsible for finance, has made
the following rules:-
(1) The title of these rules is the Income from Sports
commencement.
Activities Rules, 2024.
(2) These rules shall come into force as from the year of
assessment 2025.
In these rules, unless the context otherwise requires
"Act" means the Income Tax Act;
"SportMalta" means the body established as SportMalta in
accordance with the Sports Act;
"sports activity" means a sport recognized by SportMalta
and practised wholly or mainly in Malta.
(1) An individual who derives income from an
employment subject to tax under article 4(1)(b) of the Act, consisting
of emoluments for services to which these rules apply in terms of rule
4 shall, unless he opts to have the said income charged to tax at the
rates laid down in sub-articles (1)(a) or (1)(b) of article 56 of the Act,
be charged to tax on all such income at the rate of seven point five
cents (€0.075) on every euro of the gross amount of the income so
derived.
(2) The tax chargeable in terms of this rule shall be final and no
set-off or refund shall be granted to any person in respect of the tax so
charged.
(1) These rules apply to services that are provided in the
course of a sports activity, or that are directly related to a sports
activity, and that are provided on a full-time or part-time basis by an
individual in his capacity as
(a)
a registered player or athlete;
(b)
a licensed coach;
(c)
a licensed match official;
(d)
a match analyst;
(e)
a team manager or sporting director;
(f)
a sport administrator;
(g)
a team doctor;
(h)
a team physiotherapist.
(2)
For the purpose of this rule
(a) "registered player or athlete" means a player or
athlete being a member of a sports club or sports team registered
with SportMalta and affiliated with a national regulatory body
that is registered with, and recognised by SportMalta for the said
particular sport;
(b) "licensed coach" means a person registered as a coach
with a sports club or sports team registered with SportMalta and
affiliated with a national regulatory body that is registered with,
and recognised by SportMalta for that particular sport, and
whose licence as a coach of the said particular sport is
recognized by the aforementioned national body;
(c) "licensed match official" means a person who is
licensed as a match official in a sport by a national regulatory
body that is registered with, and recognised by SportMalta for
the said particular sport;
(d) "match analyst", means a person who is accredited as
a match analyst in a sport by a national regulatory body that is
registered with, and recognised by SportMalta for the said
particular sport;
(e) "team manager or sporting director" means a person
who is accredited as a team manager or sporting director in a
sport by a national regulatory body that is registered with, and
recognised by SportMalta for the said particular sport;
(f) "sport administrator" means a person who is
accredited as a team sport administrator in a sport by a national
regulatory body that is registered with, and recognised by
SportMalta for the said particular sport;
(g)
"team doctor" means a medical officer engaged by a
sports club or team registered with SportMalta and affiliated
with a national regulatory body that is registered with, and
recognised by SportMalta for that particular sport to provide
medical services during sport activities of such club or team or in
connection with the said activities;
(h) "team physiotherapist" means a physiotherapist
engaged by a sports club or team registered with SportMalta and
affiliated with a national regulatory body that is registered with,
and recognised by SportMalta for that particular sport to provide
physiotherapy services during sport activities of such club or
team or in connection with the said activities.
€0.27