Topic
Grants & incentives
Malta Enterprise schemes, tax credits, grants and support measures for businesses.
130 news items and articles, newest first
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FSS Forms – Updated
The Office of the CfR has announced that the FSS forms have been updated to reflect changes brought about by the Tax on Overtime Rules and the Covid19 Wage Supplement. The revised forms can be downloaded from here.…
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COVID – 19: The Latest Updates, Articles & News Items
We have gathered together on one page all the Articles, Publications and News Items in a chronological order for ease of reference. In order to access an Article/News Item kindly click on any title, and you will be…
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COVID 19 measures – Exemption from Tax on Certain Property Transfers Rules 2020
After the Maltese Government has announced a recovery package with the aim of restoring the economy following the effect of the COVID-19 pandemic, new rules have now been published to give effect to the various…
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Two new schemes launched by Ministry for Gozo
On 1st June 2020, the Ministry for Gozo launched the following two new schemes with the aim of incentivizing jobs in Gozo. Gozo Back Office Employment Refund Scheme The main aim of this scheme is to incentives privately…
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Amendments to the Tax Credit (Construction Waste Recycling) 2020-2023 Rules
Earlier on this year, the Government of Malta had by means of Legal Notice 179 of 2020 issued new rules granting a tax credit to authorized persons who are in possession of a permit issued by the Environment and…
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Gozo Teleworking Scheme
A teleworking scheme for individuals residing in Gozo and who work for the private sector from home has been launched on the 25th of May 2020. The purpose of the new financial aid measure is to encourage Malta based…
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COVID 19 – Fiscal Assistance Measures – deadline for the payment of deferred taxes
The Office of the Commissioner for Revenue (CfR) has updated the notice on the Tax Deferral Scheme to include the deferred tax payment deadline. Eligible taxes which fell due in March and April and those which will fall…
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COVID 19 – Fiscal Assistance Measures – deferred taxes payment deadline
The Office of the Commissioner for Revenue (CfR) has updated the notice on the Tax Deferral Scheme to include the deferred tax payment deadline. Eligible taxes which fell due in March and April and those which will fall…
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COVID-19 Wage Supplement for May
Businesses who wish to apply for the COVID-19 wage supplement for the month of May, are being requested to do so by the end of this week. Although no particular deadline for submission is set on Malta Enterprise’s…
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Notice to self-employed persons – COVID wage supplement : SSC implications
The Commissioner for Revenue (CfR) has recently issued a notice to self-employed persons, who were in receipt of a COVID wage supplement, with respect to the calculation of their social security contributions (SSC) due.…
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Rent Subsidy 2020 Scheme launched
After the publication of the Rent Subsidy Regulations,Malta Enterprise has now launched a Rent Subsidy 2020 Scheme. The scheme assists limited liability companies, Co-operatives and self-employed individuals that…
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Rent Subsidy Regulations published
By means of Legal Notice 187 of 2020, the Government of Malta has published new Rent Subsidy Regulations, which came into effect on 1st February 2020. The Regulations provide for subsidy assistance to eligible…
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Teleworking Activities Scheme to be phased out
The Teleworking Activities Scheme will not be extended beyond the 8th May 2020. Malta Enterprise has announced that such measure, that has been aimed at facilitating teleworking activities due to COVID-19, will be…
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Tax Credit (Construction Waste Recycling)
The Government of Malta has by means of Legal Notice 179 of 2020 issued new rules granting a tax credit to authorised persons who are in possession of a permit issued by the Environment and Resources Authority for the…
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COVID-19 Tax Deferral Scheme Extended
The Commissioner for Revenue announced that the Tax Deferral Scheme has been extended to cover taxes which fall due up to and including 30th June 2020. The settlement date is still to be announced in the future. The Tax…
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2.5% Interest Rate Subsidy on Bank Loans to Businesses
The Maltese Government has on the 16th April 2020 announced that it will be subsidizing interest rates on the working capital loans for two years and up to a maximum 2.5%. The purpose of the interest subsidy on bank…
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The EC approves Malta’s COVID wage supplement scheme
On 24th April, the European Commission (EC) has approved Malta’s COVID wage supplement scheme amounting to a total of Eur215 million. This scheme is intended to support enterprises operating in the sectors which have…
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COVID -19 – Concerns related to permanent establishments (PEs) under Tax Treaties
The Organisation for Economic Cooperation and Development (OECD) has recently issued a report addressing the tax implications that COVID-19 will have on cross border employment. Governments across the world (including…
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Tax Treaties – the impact of COVID-19
The Organisation for Economic Cooperation and Development (OECD) has recently issued a report addressing the tax implications that COVID-19 will have on cross border employment. Governments across the world (including…
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Waiver of customs duties and VAT on the importation of medical items into the EU
On 3 April 2020, the EU Commission decided to approve requests from all Member States and the UK to temporarily waive customs duties and VAT on the importation from outside the EU of masks, testing kits, ventilators,…
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COVID – 19 – Suspension of Legal Times under the Revenue Acts
The Government has by means of LN 135 of 2020 issued the Suspension of Legal Times (Revenue Acts) Order, by virtue of which any legal time referred to below has been suspended with effect from the date on which this…
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Launch of the COVID-19 Guarantee Scheme (CGS) by the Malta Development Bank (MDB)
On the 3rd of April 2020 a scheme providing guarantees to commercial banks has been launched by the MDB to enhance access to bank financing to businesses facing liquidity issues due to the Covid-19 outbreak. The CGS has…
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Notice to Employers – COVID Wage Supplement: Payroll Implications
The Commissioner for Revenue has on the 4th April 2020 issued a notice to all employers who will be receiving a wage supplement from the Government to support the wages of their employees. The notice clarifies that the…
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COVID-19: Benefit to Vulnerable Persons ordered to stay at home
The application forms for vulnerable persons who are ordered to stay at home have been issued by the Department of Social Security. Such vulnerable persons, who are employed in the private sector, who after the 27th…
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COVID-19 – Extended deadlines for Teleworking Activities Schemes
Malta Enterprise has extended the call for the Facilitation of the Teleworking Activities from 31st March 2020 to Friday, 8th May 2020. The grant will be awarded against 45% of the eligible cost which must be incurred…
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COVID-19 – Mandatory Quarantine Leave
The online applications for the €350 grant to employers for each employee on mandatory quarantine leave have been published on the website of Malta Enterprise (ME). In processing this application form, Malta Enterprise…
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COVID-19 – Social Measures
Further information in relation to Additional Unemployment Benefits, Parent Benefits and Persons with Disability Benefits, which have been announced by the Government last week, are now available on the website of the…
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Substantial Raise in Financial Assistance to businesses hit by COVID- 19
The Government has yesterday evening announced a substantial increase in the financial assistance to those businesses who are being mostly hit by the current COVD-19 outbreak. This follows the measures announced last…
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COVID-19: Facilitation of Teleworking Activities
After a number of fiscal support measures were announced, intended to aid employers and self-employed persons that are negatively impacted by the COVID-19 outbreak, the application form for businesses to receive a grant…
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COVID-19: Tax Payment Deferral Scheme Application Form
After a number of fiscal support measures were announced, intended to aid businesses that are negatively impacted by the COVID-19 outbreak, the online application form through which companies and self-employed persons…