By means of recent amendments to the Income Tax Act, implemented through the Budget Measures Implementation Act XII of 2023 published on the 4th April 2023, Article 14G has been amended so that the tax deduction available for fees paid and which can be claimed by parents in respect of children attending cultural and artistic activities has been increased from Eur100 to Eur300.
The child in respect of whom such paid fees have been must not have attained the age of sixteen years and must attend creative or cultural courses organised by institutions or persons licensed or accredited by the Malta Council for Culture and the Arts. The tax deduction to be claimed by parents in respect of each child shall be allowed as a deduction against their income and must be the lesser of these amounts – (a) the amount actually paid; (b) three hundred euro (€300).
The above-mentioned tax deduction shall only be allowed if the payment and the details of the individual making the claim are confirmed by information provided by the licensed or accredited person or institution through the Malta Council for Culture and the Arts. In the case of attendance at creative or cultural courses organised by entities outside Malta, accreditation as aforesaid shall not be necessary and the claim for deduction shall be made directly by the individual concerned in such format and content as determined by the Commissioner
This measure comes into force on the 1st January 2023.