With the COVID-19 pandemic continuing to act as a tax on human activities, various economies worldwide have been negatively effected, including Malta's. On Monday 19th October, Minister of Finance Prof. Edward Scicluna announced various key measures as part of the 2021 budget in a bid to minimize this negative impact on the country's economy.
First and second financial aid packages - A recap
In the first and second financial aid packages launched earlier last week, the government announced various measures to aid business battle the economic slowdown resulting from the COVID-19 worldwide pandemic.
Here is a recap of all the support measures and fiscal assistance published so far;
Third financial aid package
Yesterday evening, Maltese Prime Minister Dr. Robert Abela announced the third financial package and measures in a bid to further the support towards businesses and employees adversely affected by the novel COVID-19 viral pandemic.
Financial aid to critically hit sectors
Financial aid to Less critically hit sectors
Do you have any questions?
In the meantime, for any clarifications on how these measure impact your business/enterprise and for assistance in applying and benefiting from any of the above listed measures, you may contact us by sending us an email on firstname.lastname@example.org.
In light of the unprecedented situation attributable to the novel COVID-19 virus, we have taken a number of steps and measures to safeguard the health of our team members, clientele, partners and community in general.
In line with our health policy as well as directives and guidelines issued by the Malta Health directorate, the measures adopted include;
In these uncertain times, we strive to maintain the highest level of response and diligence towards our clients and request the cooperation of our partners and customers in aiding us delivering our service to you.
If you have any further queries, you may contact us by clicking this link.
BGMT is a multi-disciplinary firm offering accounting, taxation and advisory services to multi-tier business operating in various industries.