S.L. 123.102 Art. 5Donations and scholarships to artistes.

(1) Where, in any year of assessment, a company proves to the satisfaction of the Commissioner that it has made a cash donation or provided a scholarship to a bona fide artiste who is ordinarily resident in Malta, such expense may be claimed as a deduction against income for the year of assessment in which it is made provided that the said artiste 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 expense actually incurred or eighteen thousand and six hundred (18,600) euro.

(3) A company claiming a deduction under this rule shall provide the Commissioner with particulars of the artiste, the nature of the artistic activity and such other information regarding the donation or scholarship as may be required on such form and in such manner as the Commissioner may determine.