Amendments to the Business Promotion Regulations – September 2006

 Legal Notice 192 of 2006 makes amendments to the Business Promotion Regulations, principally to the provisions regulating aid intensity levels in respect of investment projects. These changes are meant to bring aid intensity levels in line with the EU Regional State Aid rules, and shall come into force as from 1 January 2007.

Other changes which entered into force as from 1 August 2006 include the extension of non-fiscal incentives to other prescribed companies and exemption from income tax in respect of benefits and grants awarded through schemes issued by Malta Enterprise.

This newsletter is intended to outline the salient implications arising from these amendments.

Amendments to BPA - 2006