RENT SUBSIDY REGULATIONS

RENT SUBSIDY

SUBSIDIARY LEGISLATION 463.33

RENT SUBSIDY REGULATIONS

1 st February, 2020

LEGAL NOTICE 187 of 2020, as amended by Legal Notices 375 of

2022, 80 of 2024 and 91 of 2025.

The title of these regulations is Rent Subsidy

Regulations.

In these regulations, unless the context otherwise

requires

"the Act" means the Malta Enterprise Act;

"the Corporation"

means

the

Malta

Enterprise

established under the Act;

"eligible undertaking" means an undertaking as defined

in the Act that meets the parameters established in the

Guidelines;

"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 an eligible

undertaking requires support to rent or acquire industrial premises for

developing a business activity, the Corporation may provide assistance

in the form of cash grant and, or tax credits not exceeding fifty percent

(50%) of the eligible costs, in accordance with the terms and

conditions set out in the Guidelines. The Corporation shall only

consider assistance to cover the cost for the rental or acquisition of

industrial premises when the request for support is submitted to the

Corporation within the parameters established in the Guidelines.

The value of assistance being awarded in accordance

with these regulations shall be limited to three hundred thousand euro

(€300,000) over any rolling period of three (3) years for every

undertaking. Any assistance approved shall be disbursed in equivalent

amounts not exceeding fifty thousand euro (€50,000) per annum over

a period of six (6) years, of which the first three (3) years shall be in

the form of cash grants and the subsequent three (3) years in the form

of tax credits.

(1)

An undertaking benefiting from tax credits in

terms of these regulations and the respective Guidelines, shall be

entitled to deduct from the amount of income tax which is due on its

chargeable income derived from its trade or business in the years of

assessment following the award of the benefit an amount equivalent to

the tax credit awarded.

(2)

An undertaking that in any year of assessment does not

RENT SUBSIDY

utilise any tax credit awarded or deducts a value from the amount of

income tax which is due on its chargeable income derived from its

trade or business, that is less than the tax credit awarded shall carry

forward the unutilised tax credit for that year of assessment or for

subsequent years.

(3)

Tax credits awarded in terms of these regulations and the

respective Guidelines shall not give rise to a right to a refund of tax.

The Corporation shall establish application submission

periods. The application periods shall be published on the

Corporation’s website. No assistance shall be granted by the

Corporation in accordance these regulations after 31st December

2030.