The Budget for 2025 was presented by the Minister of Finance and Employment Clyde Caruana on 28th October 2024.The Budget introduced changes to personal tax bands, enhanced the benefits to pensioners and the incentives to families and vulnerable persons, whilst also addressing specific economic sectors.This publication highlights the fiscal, social, and economic measures presented to […]
We would like to bring to your attention that the DFK Malta Office will be closed on Friday, 13th September 2024 for a scheduled team-building activity.We appreciate your understanding and support as we take this time to strengthen our team. Normal business operations will resume on Monday, 16th September 2024.For any urgent matters, please feel free to reach […]
Are you ready to take your co-operative to the next level? Whether you’re looking to upgrade equipment, streamline operations through digitalisation, or develop a solid business plan, there are several grants available to help you achieve these goals. The SME Enhance Scheme offers financial support for expanding your business, covering equipment purchases and operational upgrades. The […]
Sustainability is one of the most important concepts when it comes to protecting the environment. Most environmental problems – from over fishing to air pollution – come from unsustainable usage of natural resources. Sustainable practices support ecological, human, and economic health and vitality. With the growing awareness of environmental issues and the pressing need to reduce […]
A co-operative society is an autonomous group of individuals who voluntarily unite to meet their economic, social, and cultural needs through a jointly owned and democratically controlled enterprise. Here are some key points about co-operatives: Co-operative Contribution:Co-operatives in Malta are exempt from paying income tax. However, they are required to contribute 5% of the annual surplus […]
The Feasibility Study scheme seeks to help enterprises with the cost of researching their proposed business or new business idea to see if it could be viable and sustainable. The study should help the enterprise to reach firm conclusions about their business as well as identifying the resources required to carry it through and ultimately […]
Every company incorporated in Malta is subject to various statutory deadlines that need to be adhered to in the interest of avoiding fines and penalties and possibly other repercussions. In this article, we are summarising the statutory audit and company tax deadlines for private limited liability companies with a 31st December year end, and we will […]
Malta Enterprise has recently published a business development support measure aimed at boosting value-added projects such as new business initiatives, start-ups, together with business expansions and transformations which are able to play a role in Malta’s regional development. The benefits coming from this scheme are targeted to generate new business opportunities, support and generate highly skilled […]
Individual taxpayers may be required or are requested to file an income tax return with a self-assessment and settle the tax due by 30 June 2024 for basis year 1 January 2023 to 31 December 2023.We are aware that filing a tax return manually or online can be a complex process for the taxpayer so […]
Malta Enterprise has recently launched a new incentive scheme, the Green Mobility Scheme, intending to encourage and incentivise businesses to invest in sustainable transportation and the relevant infrastructure. Eligible applicants must be registered with the Malta Business Registry, have at least five full-time employees and operate from properly licenced commercial premises. This incentive scheme provides support to […]