COVID-19 Business Governmental Incentives

A number of efforts have been undertaken by the Government of Malta to assist various business enterprises currently experiencing financial strain owing to the COVID-19 instability, particularly those businesses involved in the tourism, hospitality, transport and manufacturing industries. To this effect, Prime Minister Robert Abela has introduced economic measures in the form of granting a two-month tax moratorium in relation to the the collection of specific taxes, including provisional tax, VAT and social security contributions.  The said postponement of taxes applies vis-à-vis taxes owed by end of April 2020.  Nevertheless, the relevant tax forms should still be submitted within the usual deadline periods.