Extension of the reduced rate of tax on income derived from sports activities

The Minister of Finance has in his Budget Speech for the year 2024 announced that the 7.5% rate of tax on income derived by players, licensed coaches and athletes will be extended to other persons engaged in sports activities.

Written By Stephen Balzan

On November 6, 2023
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The Minister of Finance has in his Budget Speech for the year 2024 announced that the 7.5% rate of tax on income derived by players, licensed coaches and athletes will be extended to other persons engaged in sports activities.

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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.   

 

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