In the Budget for 2023 which was presented by the Minister of Finance and Employment Clyde Caruana on 24 October 2022, the Government has renewed its social and economic emphasis in light of the recent challenges brought about by the increasing inflation, in particular the increasing energy costs in the EU. During his speech, the […]
The new Malta Enterprise Invest scheme aims to sustain the regional industrial and economic development of Malta by facilitating initial investments through the setting up of new establishments, expansion of existing facilities, and diversification of existing businesses. Support may be awarded through loan guarantees, interest rate subsidies, cash grants, and tax credits. The support is aimed […]
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 […]
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.Eligible expenditure under these rules includes:1 – Furbishing and refurbishing of business premises;2 – Investment in acquiring machinery, technology, apparatus or instruments which enhance the operations;3 […]
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 […]
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 […]