1. Get Qualified Tax Credits for Individuals
Incentives - Malta Enterprise

2. Agenda History Scope Eligibility Incentive Description Eligible Costs
Application Process
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3. Get Qualified - History
The Get Qualified scheme replaces LN 335 The Deductions and Tax Credits (General and Specific Qualifications) Rules, 2005 – Income Tax Act
In the previous legislation expired in December 2008.
The previous scheme provided tax credits for courses in:
Science
Technology
Information and Communications Technologies (promoted as myPotential)
Malta Enterprise – R&D Incentives Training

4. Get Qualified - Scope
The Scope of this incentive is to support the personal development of individuals who aim to achieve qualifications and certifications required by industry.
Applicable for courses leading to a certificate, diploma, degree or post-graduation degree.
Aimed at supporting persons who have completed formal education and seek to further their education.
Malta Enterprise – R&D Incentives Training

5. Get Qualified - Eligibility
The qualifications that are considered as eligible should be directly relevant to careers in the following industries:
Aviation Industry;
Chemical and Pharmaceutical Industries;
Economics and Statistics;
Financial Services (incl. banking & accountancy);
Crafts and Creative Industries (such as film production & direction industrial and spatial design; media and communications);
Information and Communication Technologies;
Business Process Outsourcing, Call Centres and Shared Services (only qualifications providing successful students with fluency in a foreign language other than English which is required by enterprises providing these services shall be considered); and
Industrial Electromechanical Engineering.
Malta Enterprise – R&D Incentives Training

6. Eligibility (cont.)
Course of studies with a minimum of 200 contact (classroom) and/or study hours;
At least three separate assessments directly related to subject within the industry;
Qualifications recognised by the MQC equivalent to level 4 or higher; and
At least 50% of the course content to address topics directly relevant to the industry.
Malta Enterprise – R&D Incentives Training

7. Get Qualified - Incentive Description
Tax credit granted to successful students will be of 80% of the eligible costs: Maximum value of tax credits capped as below:
MQC Level
Tax Credit Capping
4 (Diploma Level)
€ 3,500
5 (Undergraduate Diploma)
€ 3,500
6 (Bachelor Degree)
€ 12,500
7 (Post-graduate Degree, Diploma or Certificate)
€ 15,000
8 (Doctorate)
€ 20,000
Malta Enterprise – R&D Incentives Training

8. Get Qualified – Eligible Costs
Eligible Costs for Tax Credits as long as they are incurred within 36 months from the start of the course:
Registration fees paid.
Fees paid to university, institution or other entity recognised by Malta Enterprise.
Fees payable in connection to examinations to achieve approved certification/qualification.
Malta Enterprise – R&D Incentives Training

9. Get Qualified - Application Process
In case of courses represented by a Maltese Institution – the institution applies directly for recognition.
Institution receives confirmation of approval from Malta Enterprise.
Students apply directly through the institution.
On approval, students receive a certificate from Malta Enterprise.
Malta Enterprise – R&D Incentives Training

10. Get Qualified - Application Process (cont.)
The value of the Tax Credit is set by Malta Enterprise and will never exceed a predefined percentage of the total costs.
Malta Enterprise issues a letter of approval to the student with the relevant tax credit details.
Student can claim the tax credit from the year of assessment following the year in which the qualification is successfully obtained.
Any amount not absorbed may be carried forward to be allowed as a tax credit for the subsequent ten years.
Malta Enterprise – R&D Incentives Training

11. Get Qualified Tax Credits for Individuals
Incentives - Malta Enterprise