Fiscal measures for donations made to the University Research, Innovation and Technology Trust

Date: 5th April, 2010

The Department of Information has recently published the Legal Notice enacted by the legislature, favouring persons who make a donation to the University Research, Innovation and Development Trust. 

The Rules are enacted under the Income Tax Act and stipulate that a deduction against income is calculated for a given year of assessment for donations of not less than one hundred fifty euro (€150) up to a maximum of fifty thousand euro (€50,000), made in a monetary amount or in the form of any other asset, to the University Research, Innovation and Development Trust. This measure comes into force as from year of assessment 2011. 

The legal notice embodies further measures aimed at encouraging the sponsoring of R&D and Innovation in Malta. 

http://www.doi.gov.mt/EN/legalnotices/2010/03/L.N.%20187.pdf