The Government of Malta has published Legal Notice 296 of 2023 This LN amends LN 70 of 2023, by virtue of which any person who on or after 1st January 2023 incurs professional fees for the provision of approved therapy to his or her child shall be granted a tax credit of an amount equivalent to the costs incurred up to a maximum of Eur200 per annum for each child in respect of whom such costs have been incurred. By means of this amendment, the maximum amount of Eur200 per annum has been increased to Eur500 per annum with effect from year of assessment 2025.
The approved therapy in respect of which such costs would have been incurred must be therapy recognised by the Commissioner for the Rights of Persons with Disability as a therapy required by a person with disability on account of an impairment. The child in respect of whom such tax credit may be claimed must be a minor child who on the 1st January of the year in respect of which the credit is claimed has not attained the age of sixteen.
The person with disability in respect of whom such a tax credit is claimed must be an individual who has a disability as defined in Article 2 of the United Nations Convention on the Rights of Persons with Disabilities Act, and who is the holder of an EU disability card issued by the Commission for the Rights of Persons with Disability established under the Equal Opportunities (persons with Disability) Act.
For a person to be entitled to claim such a tax credit, he or she must report the costs incurred to the Commissioner for the Rights of Persons with Disability by not later than the 15th January of the year following that in which the costs were incurred. The report is to include other details and information as required by the said Commissioner, who must then furnish the Commissioner for Revenue with the necessary details by not later than the 15th March.
