The impacts of construction activities on environment are various. This measure aims to support investments that reduce the negative impact of construction activities by facilitating the reduction in volume of construction waste, control of dust emission and replacement of equipment. This measure is open to businesses engaged in construction activities, including the processing and disposal […]
The Equipment and Machinery SME Grant Scheme seeks to support investment in equipment and machinery aimed at directly improving the productivity of the enterprise. Such investment can be aimed at expanding, diversifying, and/or innovating the operations, and by supporting initial investments. This scheme is funded through the European Regional Development Fund and will part-finance 50% […]
The Government has issued a legal notice on work-life balance as a means of transposing the Work Life Balance Directive issued by the EU. These new updates will come into force from the 2ndof August 2022.The key points which emerge from the directive’s implementation into Maltese law are the following: Paternity Leave10 days of fully paid […]
Dear esteemed clients,Kindly note that following a notice issued by the Malta Business Registry every Company is now required by virtue of Article 69(1)(d) of the Companies Act to indicate in its Memorandum the electronic mail address of the Company.The relative notice is reproduced here in English and Maltese –https://mbr.mt/2022/07/06/advise-to-companies-to-provide-adequate-electronic-mail-address/Such an address shall be utilised […]
The Recovery and Resilience Plan (RRP) for Malta addresses the need for a strong and immediate recovery. Reforms and investments in the plan are aimed at making Malta more sustainable, resilient and better prepared for the challenges and opportunities of green and digital transitions. Malta will invest €35 million from the EU Recovery and Resilience […]
A Malta-based firm has welcomed the appointment of a major international accountant as executive director at its global association. DFK International, a top ten global association of independent accounting, tax, and business advisory firms, has announced the appointment of Bill Wright as its Executive Director and Chief Executive Officer, a move welcomed by DFK Malta. […]
Tax Credits for Micro Enterprises and the Self-Employed Micro enterprises and self-employed persons may benefit from a tax credit equivalent to 45% of eligible expenditure (subject to certain conditions). An additional bonus of 20% (total 65% tax credit) applies to undertakings operating from Gozo. For an eligible cost to be claimed the costs must be incurred between 1st January […]
The Investment Aid Scheme aims to sustain the regional industrial and economic development of Malta. This measure facilitates initial investments, within qualifying economic activities, by encouraging the setting up of new establishments as well as the expansion and development of existing businesses, for both SMEs and Large Enterprises. The aid awarded under this scheme shall […]
Tax Credits for Micro Enterprises and the Self-Employed (Rules relating to credits to be claimed on any expenses incurred in 2020) Micro enterprises and self-employed persons may benefit from a tax credit equivalent to 45% of eligible expenditure (subject to certain conditions). An additional bonus of 20% (total 65% tax credit) applies to undertakings operating from Gozo. For an eligible […]