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ARTICLE · 04 APRIL 2020

Maltese Government Issues Financial Incentives Amid COVID-19 Outbreak

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Amid the COVID-19 pandemic, the Maltese Government has issued three financial packages that businesses can avail themselves of. Each financial package builds upon the previous package.

MaltaCoronavirus (COVID-19)
Dr. Michael Psaila
Dr. Michael Psaila
Dr. Annalies Muscat
Dr. Annalies Muscat
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Amid the COVID-19 pandemic, the Maltese Government has issued three financial packages that businesses can avail themselves of. Each financial package builds upon the previous package.

First Financial Package:

The First Financial Package consists of two incentives. One measure is dedicated to the postponement of the payment of certain taxes, while the other provides aid in the form of a grant to help employers invest in teleworking technology.

1. Postponement of payment of certain taxes:

This incentive provides enterprises, including those who are self-employed, with a two-month moratorium on certain taxes. It should however be noted that companies and self-employed persons that failed to pay tax that fell due by December 2019 will not be eligible for this incentive.

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