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This incentive aims to stimulate investment and job creation by attracting new investment projects and promoting expansion or diversification of existing enterprises. Eligible enterprises, as defined in the incentive guideline document, can benefit from tax credits calculated as a percentage of the value of the investment project. The principle beneficiaries are enterprises engaged in manufacturing, ICT development activities, call centres, pharmaceuticals, biotechnology, filming and audio-visual.
Benefits Tax credits are computed as a percentage of either: the value of capital investment, or the value of wages for 24 months covering new jobs created as a result of an investment project.
Tax Credits may not exceed the following aid intensities: · 30% with regards to Large Enterprises · 40% with regards to Medium sized Enterprises · 50% with regards to Small Enterprises The tax credits which are not utilised during a particular year are carried forward to subsequent years.
Application process To apply for this incentive, enterprises are required to submit the relevant application form to the Corporation. Once an application is approved by Malta Enterprise, an Incentive Entitlement Certificate will be issued in favour of the applicant.
Detailed Information Enterprises interested in applying for this incentive should refer to the incentive guideline for full details. The guideline document includes details on eligibility, state aid regulations and the value of aid that may be granted under this incentive.
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