Undertakings including self-employed involved in the creative industry may benefit through this incentive which will be in the form of a tax credit. The aid will be calculated as a percentage of the eligible costs incurred by these undertakings in the development of their creative endeavours.
Malta Enterprise may approve a tax credit equivalent to 60% of the eligible expenditure up to a maximum of €25,000. Costs related to the development and publication of creative work are eligible for aid under this incentive. Such costs must be incurred by the applicant between the 1st January 2010 and the 31st December 2012 (both dates included).
The incentive provides additional benefits related to creative work undertaken in following creative zones:
- Savina Square, Rabat, Gozo
- Arch. Saver Cassar Street, Rabat, Gozo
- Saint Mary Street, Rabat, Gozo
- The Collachio Area, Birgu