AGRICULTURAL SUBSIDIES (INCOME TAX EXEMPTION) RULES

AGRICULTURAL SUBSIDIES (INCOME TAX EXEMPTION)

SUBSIDIARY LEGISLATION 123.91

AGRICULTURAL SUBSIDIES (INCOME TAX

EXEMPTION) RULES

1st January, 2005

LEGAL NOTICE 52 of 2006.

The title of these regulations is the Agricultural Subsidies

(Income Tax Exemption) Rules, and they shall be deemed to have

come into force as from the year of assessment commencing on the

1st of January, 2005.

The subsidies that are exempt from income tax in

accordance with the provisions of article 12(1)(r) of the Income

Tax 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 (RDP)

(i)

aid under the pre-accession Rural Stewardship

Scheme for Rubble Walls;

(ii) aid under the pre-accession Rural Stewardship

Scheme for Producer Groups;

AGRICULTURAL SUBSIDIES (INCOME TAX EXEMPTION)

(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.