By means of recent amendments to the Income Tax Act, implemented through the Budget Measures Implementation Act XII of 2023 published on the 4th April 2023, Article 14E has been amended so that the tax deduction available for fees paid and which can be claimed by parents in respect of children attending sports activities has been increased from Eur100 to Eur300.
The child in respect of whom such fees have been paid, must not have attained the age of sixteen years and must attend sports activities organised either by a person registered under the Sport Persons (Registration) Regulations or by the ‘Kunsill Malti għall-Isport’. The tax deduction to be claimed by parents in respect of each child shall be allowed as a deduction against their income and must be the lesser of these amounts – (a) the amount actually paid; (b) three hundred euro (€300).
The above-mentioned tax deduction shall only be allowed if the payment and the details of the individual making the claim are confirmed by information provided by the registered person through or by the ‘Kunsill Malti għall-Isport’. In the case of attendance at regular sports activities organised by entities outside Malta, registration as aforesaid shall not be necessary and the claim for deduction shall be made directly by the individual concerned in such format and content as determined by the Commissioner
This measure comes into force on the 1st January 2023.