Tax Credits for micro-enterprise & self-employed

LN 444 of 2020 has revised The Tax Credits for Micro-enterprise and the self-employed Regulations [S.L. 463.09].

The changes apply retroactively from 1 September 2020. They include the possibility for Malta Enterprise Corporation, in view of significant distortions in the economy caused by unforeseen events, to disburse part of the tax credit awarded as a cash grant in accordance with the relevant guidelines. Furthermore, the deadline for application for assistance under the Regulations has been extended until 15 December 2021.