Amendments to the Donations to the Malta Community Chest Fund Rules

By means of Legal Notice 2 of 2017, the rules applicable to donations made to the Malta Community Chest Fund (MCCF) were amended so that these would apply to donations made until 31st December 2016.  Before this amendment, the rules were only applicable to donations made during the calendar year 2015. By virtue of such rules, […]

Written By ACT Team

On January 11, 2017
"

Read more

By means of Legal Notice 2 of 2017, the rules applicable to donations made to the Malta Community Chest Fund (MCCF) were amended so that these would apply to donations made until 31st December 2016.  Before this amendment, the rules were only applicable to donations made during the calendar year 2015.

By virtue of such rules, where a company makes a donation of not less than €2,000 to the MCCF, such a donation may be claimed as a deduction against its income, provided that a certificate is issued by the said MCCF and attached with the company’s income tax return.

How can we help?  

 

For further information, please contact us on [email protected]. ACT can help you understand the changes to the income tax, accounting, corporate and VAT rules and how these can impact your business.   

 

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on +356 21378672 or send us an email on [email protected].