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March 20, 2020
COVID 19 – Additional tax and fiscal measures The government announced a €1.8 billion aid packages for businesses and families on Wednesday, which represents 12.9% of Malta Gross Domestic Product (GDP) in 2019. Liquidity and bank guarantees Liquidity injection and bank guarantees of up to €1.6bn including: – €700m in tax deferrals – Loan guarantees...
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On 15 March 2020, Malta Enterprise (ME) announced the issue of two incentives to help businesses by minimising any disruption that may be caused by COVID-19. 1. Postponement of payment of certain taxes The first incentive included in ME’s announcement comprises the postponement of payment of certain taxes. Enterprises, including self-employed persons operating in certain...
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