In line with legal amendment Cap.123 Article 56 26(A) of Income Tax Act one can benefit from a reduced tax rate of 7.5%. This fiscal incentive is being implemented so as to mitigate economic uncertainties for artistic activities, which are more likely to take place within atypical working conditions.
Therefore, Arts Council Malta is currently receiving applications to be recommended for the reduced tax rate of 7.5%.
The reduced tax rate of 7.5% is applicable to artistic activities conducted on a self-employed basis for an artistic purpose* by the following:
The 7.5% tax rate is applied only on the first €50,000 turnover. When this option is applied, the rest of the income is to be added to the main income, and taxed at the progressive rates.
The eligible activities are based on the NACE rev. 2 Class 90 for the following:
90.01 - Performing Arts
90.02 - Support activities to performing arts
90.03 - Artistic Creation
*Artistic purpose refers to income earned from:
The deadline to submit the request for Basic Year 2023 from Arts Council Malta is Monday 15th April 2024 at noon. Late submissions will not be accepted. Click here to download the application template.
The TA26 together with the cheque payment must be submitted to the Malta Tax and Customs Administration (MTCA) by not later than 30th April 2024.
For assistance regarding the application, you may call on 2334 7230, or send an email on email@example.com. For financial clarifications, call servizz.gov on 153.
Submitting the application
Follow these steps to apply: