Parents who send their children to sports activities approved by the Malta Sports Council will be able to deduct up to €100 from their taxable income, Finance Minister Tonio Fenech announced today.
He said that recognised sports organisations that do not operate on a commercial basis are to receive financial help on their capital outlays in sports facilities.
Private companies which financially support sports associations or athletes will also be able to deduct the money from their taxable income.
Speaking at a press conference with Clyde Puli, Parliamentary Secretary for Sports, Mr Fenech said the government was committed to encourage the people’s participation in sport and for sports facilities to be improved.
Earlier today the government also announced VAT-exemptions for students following summer educational programmes.