The scope of this incentive is to support the personal development of individuals who aim to achieve qualifications and certifications required by industry. The incentive is applicable to students following a course of studies leading to a certification, diploma, degree or post-graduate degree courses. On successful completion, the student will benefit from a tax credit, hence recovering part of the costs incurred. This incentive is mainly intended to support persons who have completed formal education and who are seeking to further their education in areas that are relevant to Maltese Industries.
The following costs are eligible for tax credits:
The maximum value of tax credits will be of 70% of the eligible costs. Moreover, the eligible costs will be calculated as follows: