S.L. 123.85 Art. 2Definitions.

In these rules, unless the context otherwise requires -

"the Act" means the Income Tax Act;

"allowable expenditure" has the meaning assigned to it in rule 9; "approved project" means a project approved in accordance with rule 5, as subject to any conditions that may be applicable in terms of rule 5(2); "the Corporation" means the Malta Enterprise Corporation; "eligible user" means a small or medium-sized enterprise which carries on a trade, business, profession or vocation and which incurs or intends to incur a qualifying expenditure for or in connection with a qualifying project;

"maximum qualifying expenditure" has the meaning assigned to it in rule 6;

"project period" means the period commencing on the earliest date of commencement and ending on the latest date of completion of the project in question as determined in terms of rule 7(1)(d); "qualifying expenditure" means expenditure incurred in the carrying out of an approved project for the acquisition of tangible and intangible assets consisting of computer hardware or software or website development services for or in connection with the development of e-commerce systems that enable the sale of tangible goods or services through business transactions processed over a publicly accessible electronic networks;

"qualifying project" means a project carried out or to be carried out by an eligible user for the creation, development or acquisition of an e-commerce system that enables the sale of tangible goods or services over publicly accessible electronic networks.

*Note, however, that amendments introduced by Legal Notice 55 of 2008 apply with effect from year of assessment 2009 in respect of qualifying expenditure incurred on or after the 1st January, 2008. - Vide Legal Notice 55 of 2008