MT
BUSINESS ADVISORY SERVICES REGULATIONS
Table of Provisions (7)
Statutory Text (7 Articles)
BUSINESS ADVISORY SERVICES
SUBSIDIARY LEGISLATION 463.25
BUSINESS ADVISORY
SERVICES REGULATIONS
1st January, 2018
LEGAL NOTICE 314 of 2018.
The title of these regulations is Business Advisory
Services Regulations.
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 undertaking" means an undertaking as defined in an
Act that meets the parameters 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.
Where the Corporation is satisfied that the undertaking is
an eligible undertaking, the Corporation may provide assistance up to a
value of two thousand five hundred euro (€2,500) to such undertakings
to cover the cost of advisory services acquired from third parties in
accordance with the terms and conditions set out in the Guidelines.
The Corporation may award assistance under these
regulations in the form of a cash grant or a tax credit.
The tax credit referred to in this regulation shall be due
as a deduction from tax payable by an undertaking on its chargeable
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 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
Provided further that any tax credits shall be utilized by
the year of assessment established in accordance with the terms and
conditions set out in the Guidelines.
BUSINESS ADVISORY SERVICES
Applications for assistance under these regulations shall
Deadline for
submission of
reach the Corporation by not later than the 31st December 2020.
applications for
assistance.