{"id":4564,"date":"2024-03-20T07:44:06","date_gmt":"2024-03-20T06:44:06","guid":{"rendered":"https:\/\/www.act.com.mt\/?p=4564"},"modified":"2024-03-20T07:45:59","modified_gmt":"2024-03-20T06:45:59","slug":"research-and-development-2024-regulations","status":"publish","type":"post","link":"https:\/\/www.act.com.mt\/news\/research-and-development-2024-regulations\/","title":{"rendered":"Research and Development (2024) Regulations"},"content":{"rendered":"\n
<\/p>\n\n\n\n
By means of Legal Notice 53 of 2024, the Government of Malta has published the above-mentioned rules which came into force on 1st January 2024. The aim of these rules is for Malta Enterprise to assist undertakings that require assistance to carry out a project for the execution of experimental development and, or industrial research. The assistance will take the form of a tax credit or a cash grant or a combination thereof in accordance with the terms and conditions set out in the published Guidelines.<\/p>\n\n\n\n
The assistance provided shall not exceed 80% of the eligible costs and any unabsorbed tax credits may be carried forward for the subsequent years of assessment.<\/p>\n\n\n\n
The maximum aid that may be awarded is primarily determined according to the size of the enterprise in line with the below table: No assistance shall be granted by Malta Enterprise after 31st December 2026.<\/p>\n\n\n\n
<\/p>\n\n\n\nSize<\/strong><\/td> Maximum Aid for industrial research<\/strong><\/td> Maximum Aid for experimental development<\/strong><\/td><\/tr> Large Enterprises<\/td> 50% of eligible costs<\/td> 25% of eligible costs<\/td><\/tr> Medium Enterprises<\/td> 60% of eligible costs<\/td> 35% of eligible costs <\/td><\/tr> Small Enterprises<\/td> 70% of eligible costs<\/td> 45% of eligible costs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Maximum aid entitlement may be increased by 5% – 25% subject to the satisfaction of a number of conditions in relation to the project, as stipulated in the guidelines. <\/p>\n\n\n\n
<\/strong>Eligible costs include:<\/p>\n\n\n\n\n