Following the press conference by the Prime Minister of Malta,
the Minister of Finance, and the Minister for Economy Investment
and Small business on the 18th March 2020, a number of measures
have been announced to counteract the negative economic impact of
the COVID-19 pandemic. These include deferrals of taxes,
initiatives to protect employment and targeted assistance to those
sectors that have been negatively affected. The economic package is
valued at Euro 1.81 billion – this is equal to 12.9% of
Malta’s GDP in 2019.
Measures for businesses
- Tax deferrals up to Euro 700 million
deferral of income tax, VAT and NI payments for March and April for
both employers and self-employed.
