Taxation of Income from Artistic Activities Rules

LN 8 of 2024 sets out the criteria and limitations that apply to the 7.5% reduced rate of tax on income from artistic activities enabled pursuant to article 56(26A) of the Income Tax Act. The rules, which apply to income derived by an individual on or after 1st January 2022, inter alia, clarify that the 7.5% rate applies on the first eur30,000 for YA 2023 and the first eur50,000 for all other years.


See also MIT News 19 September 2023 – Guidance from Arts Council Malta