New philanthropic organizations exempt from income tax

By means of Legal Notice 65 of 2017, the Minister of Finance has named the following organizations engaged in philanthropic work as being exempt from income tax in terms of Article 12(1)(e) of the Income Tax Act. Rehabilitation in Society Malta Foundation (RiSe) Ronald McDonald House Charities Foundation Malta (RHMC) Congregation Missionary Sisters of Jesus […]

Written By ACT Team

On February 27, 2017
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By means of Legal Notice 65 of 2017, the Minister of Finance has named the following organizations engaged in philanthropic work as being exempt from income tax in terms of Article 12(1)(e) of the Income Tax Act.

Rehabilitation in Society Malta Foundation (RiSe)

Ronald McDonald House Charities Foundation Malta (RHMC)

Congregation Missionary Sisters of Jesus of Nazareth

Reaching Cambodia Foundation

Grace Association

Malta House of Prayer Foundation (limitedly for the period 1/1/ 2017 to 31/12/2018) 

How can we help?  

 

For further information, please contact us on [email protected]. ACT can help you understand the changes to the income tax, accounting, corporate and VAT rules and how these can impact your business.   

 

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on +356 21378672 or send us an email on [email protected].