S.L. 123.102 Art. 4Donations to cultural organisations.

(1) Where, in any year of assessment, a company proves to the satisfaction of the Commissioner that it has made a cash donation to the Arts Council Malta or a cash donation to a non-

profit making cultural organisation approved by the Arts Council

Malta, an amount equivalent to 150% of such donation may be claimed as a deduction against income for the year of assessment in which it is made, provided that a certificate is issued in this respect by the Arts Council Malta and that, in the case of a donation to a cultural organisation as aforesaid, such cultural organisation is not in any way related to the donor company.

(2) The total deduction claimed by a company in any year of assessment in accordance with sub-rule (1) shall be the lesser of the amount calculated as aforesaid or fifty thousand (50,000) euro.

(3) The certificate referred to in sub-rule (1) shall show, in respect of each donation, the names and income tax registration numbers of the donor and the recipient, the date and value of the donation and, with the exception of donations made to the Arts Council Malta, the approval of the recipient cultural organisation by the Arts Council Malta.

(4) The Arts Council Malta shall provide information as the Commissioner may require regarding all certificates issued for each calendar year by the 15th February of the following year and this information shall be made and delivered on such form and in such manner as the Commissioner may determine.