S.L. 478.7 Art. 3Financial incentives.   Cap. 123.

(1) A rebate of up to forty percent (40%) of eligible expenditure may be given as a cash grant, which shall be exempt for the purpose of the Income Tax Act, to qualifying companies upon completion of a qualifying production, in accordance with these regulations and the Guidelines:

Provided that identifiable eligible costs claimed under any other publicly funded scheme in Malta, shall not be claimed under this scheme:

Provided further that the total State aid from which a qualifying production may benefit under this regulation, or any other source shall not exceed the ceiling provided for in the General Block Exemption Regulation.

(2) The level of financial incentive shall be determined by the Commission in accordance with article 26 of the Act, the provisions of these regulations and the Guidelines.

(3) The maximum aid incentive outlined in sub-regulation

(1) shall also apply for co-productions.