The Malta Independent 10 May 2024, Friday
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Tax on book royalties decreased to 7.5% - minister

Thursday, 11 January 2024, 14:19 Last update: about 5 months ago

The tax on income from book royalties has been decreased to 7.5% from its previous 15%, Education minister Clifton Grima announced at a press conference Friday

This is another electoral pledge that has been implemented, the minister said.

"This is a confirmation that as a Government, we want to give all possible support to Maltese literature and authors. In recent years, the government has strongly invested in infrastructure to create new cultural and creative systems that contribute significantly to the well-being and economy. We believe in the vital roles of artists at the heart of society. With what we are announcing today, we are seeing more investment in literary arts with the implementation of this measure," Grima said.

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Grima further said that the economic strengthening of the author and the growth of the book industry contribute to the revival of local literature and the cultural, educational, and intellectual development of society. Therefore, the economic strengthening of the book industry is also of national importance.

The Chairman of the National Book Council, Mark Camilleri, while thanking the Government for implementing this measure, said that this will mean more funds and resources for authors to publish and improve their work. He stated that the Council will continue to advocate for the economic independence of its members.

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