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ARTICLE · 05 APRIL 2024

Malta Enterprise Launches Micro Invest Scheme

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The Micro Invest Scheme (the "Scheme") is designed to help businesses invest in their operations and grow their business. The Scheme has been relaunched by Malta Enterprise...

MaltaTax
Joselyn Teuma
Joselyn Teuma
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The Micro Invest Scheme (the “Scheme”) is designed to help businesses invest in their operations and grow their business. The Scheme has been relaunched by Malta Enterprise and operates through a tax credit.

Applications to the Scheme for costs incurred during financial year 2023 can now be made by eligible undertakings (including start-ups, family businesses and self-employed). Through this Scheme the business will be supported by a tax credit equivalent to 45% (or 60% for businesses operating in Gozo) of their eligible expenditure.

Eligible expenditure includes:

  • Increase in wages costs during 2023 that exceeded 3% of the highest wage costs from the previous two years.
  • Costs incurred on refurbishment of business premises.

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