12,000 euro tax credit to go online

ICON has recently sent us some good news (posted below):

The Malta Enterprise E-Commerce Tax Credit Incentive, aimed at online businesses, will be in place until the end of the year. The tax credit is equivalent to 100% of the eligible costs as approved by Malta Enterprise, up to a maximum of 12,000 euros per project.

The incentive will be awarded under the de minimis aid rules in terms of Commission Regulation (EC) No 1998/2006 on the application of Article 87 and 88 of the EC Treaty to de minimis aid. Eligible costs must be directly related to the creation, development, or aqcuisition of a new or significantly improved electronic commerce system. These costs must be incurred within 2 years from commissioning the new electronic commerce system and should be specified in a maintenance contract, agreed to at the time of the development of the system.

Applications to qualify for the 12,000 euro grant must be submitted to Malta Enterprise by the end of the year!

Go to Malta Enterprise Website or read full post on icon's website