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.
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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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].
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