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Facilitating Work Life for Individuals with Disability Scheme

People with disabilities continue to face extensive challenges and a wide range of barriers in their place of work. However, today’s technological developments contribute significantly towards inclusion and reduce certain barriers in the field of employment. Facilitating work-life for individuals with disability scheme is a grant by Malta Enterprise to support people having a disability who work in the private sector. Employers and self-employed people can apply for this grant towards the cost of adapting or making the workplace more accessible for employees with disabilities. The supported projects must address the needs of employees currently employed or due to be employed by the employer. The aid under this scheme will be awarded in the form of a cash grant and will ...

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Investment Aid 2021

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 amount to a percentage of qualifying expenditure incurred, depending on the size of the undertaking or activity, and may take the form of tax credit and/or cash grant. Applications must be submitted by 31st October 2021. For further information please click here. DFK Malta Tax Consultancy Limited – Investment Aid 08.07.2021

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Tax Credits for Micro Enterprises and the Self-Employed

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 cost to be claimed the costs must be incurred between 1st January and 31st December (both days included) of the year preceding the year in which the claim is submitted. The deadline of 24 March 2021 applies for any eligible expenditure incurred from 1 January 2020 to 31 December 2020 by any self-employed individuals submitting their tax return in June. On the other hand, the deadline of 26 May 2021 applies for companies that ...

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Malta Budget 2021 – A General Overview

In the Budget speech for 2021, Finance Minister Prof. Edward Scicluna announced various measures for the regeneration and stimulation of the economy. A number of incentives forming part of the Economic Regeneration Plan targeting the retail, catering, and tourism sectors and the property sector were extended whilst various fiscal, social, and environmental measures were rolled-out to assist pensioners, employees, and small businesses in view of the challenges posed by the COVID-19 pandemic. Other incentives announced are aimed at reaching the Government’s longer-term goal of reducing harmful practices on our environment and to promote a greener economy. For further information about the principal measures to be introduced kindly click here.

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The Changes to the Companies Act (Register of Beneficial Owners) Regulations, 2017

During the past days, the Malta Business Registry has issued an important notice to the Company officers on the new register of BO (Beneficiary Owners) procedures. This applies to companies for which a corporate shareholder is present in the structure of the Company. If this applies to your company, you will be notified by our office when this falls due.  Please make sure to let us know of any changes in the shareholders, directors, and senior managing officials of the Company. Failure to comply with these obligations will result in penalties by the Malta Business Registry. Below please find the link to this notice: https://registry.mbr.mt/static-resources/documents/docs/Notice%20regarding%20Beneficial%20Owners%20Forms.pdf For any further information required, please email our Corporate Department on antonia.zammit@dfkmalta.com or michaela.borg@dfkmalta.com

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Economic Regeneration Plan

On 8 June 2020, the Prime Minister, the Minister for Finance and Financial Services and the Minister for the Economy, Investment and Small Businesses announced a €900 million package of measures intended to regenerate the economy following the COVID 19 pandemic. For further information on what measures this plan entails please click on the following link : https://dfkmalta.com/wp-content/uploads/2020/06/DFK-Malta-Tax-Consultancy-Limited-ECONOMIC-REGENERATION-PLAN-08.06.2020.pdf

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