The Government of Malta has by means of Legal Notice 179 of 2020 issued new rules granting a tax credit to authorised persons who are in possession of a permit issued by the Environment and Resources Authority for the acceptance in their quarry of construction and demolition material from third parties. Such authorised persons benefitting from such a tax credit should during the calendar years 2020, 2021, 2022 or 2023, provide such qualifying services at a fee not exceeding twelve euro (€12) per tonne.
Such persons may claim a tax credit equivalent to five per cent (5%) of the gross fees paid to them for the provision of their services. The tax credit shall not exceed the tax chargeable on the income derived by the authorised person during that year from the provision of those services. The claim for a tax credit in accordance with these rules shall be made in such manner and on such form as the Commissioner may approve and subject to the production of such documents or other evidence as the Commissioner may require.