Tax Credit (Construction Waste Recycling) Rules

New rules were introduced by virtue of which tax credits will be granted to persons who are in possession of a permit issued by the Environment and Resources Authority for the acceptance in their quarries of construction and demolition material from third parties.  Such persons may during the years 2017, 2018 and 2019 claim a […]

Written By ACT Team

On July 2, 2018
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New rules were introduced by virtue of which tax credits will be granted to persons who are in possession of a permit issued by the Environment and Resources Authority for the acceptance in their quarries of construction and demolition material from third parties. 

Such persons may during the years 2017, 2018 and 2019 claim a tax credit equivalent to 25% of the gross fees received by them for the provision of the above-mentioned services, provided that their fees do not exceed Eur5.50 per tonne. 

The tax credit shall not exceed  the tax chargeable on the income derived by such persons during the year in which the claim for the tax credit is made. 

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax 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 00356 21378672 or send us an email on [email protected].