ARTICLE
16 June 2020

COVID-19: Malta Announces Economic Recovery Package Aimed At Boosting The Economy

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WH Partners

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We are a law firm with a strong focus on assisting businesses fuelling the digital economy and not only in the territories we operate in. We have offices in Malta, Italy, Romania, and we operate Czech, Polish and UAE desks, as well as having a worldwide network of correspondent firms. We have a well-established practice advising clients on (in no particular order) fintech, gaming & gambling, corporate, M&A, tax, dispute resolution, corporate finance, intellectual property, data privacy and personal data processing, consumer protection & advertising, real estate, employment & immigration matters, sports, technology & media, competition & state aid. Our firm and several of our lawyers are highly ranked by Chambers & Partners, Legal 500, IFLR1000 and Who’s Who Legal.
On 8 June 2020 the Maltese Government announced an economic recovery package aimed at boosting the economy impacted by the COVID-19 pandemic. Key measures include: 1.Update of Covid Wage Supplement which will remain in...
Malta Coronavirus (COVID-19)

On 8 June 2020 the Maltese Government announced an economic recovery package aimed at boosting the economy impacted by the COVID-19 pandemic. 

Key measures include: 

  1. Update of Covid Wage Supplement which will remain in force till September 2020;
  2. Extension of tax deferral scheme;
  3. Reduction in property tax and stamp duty on new contracts and developments;
  4. Assistance with payments of rent and electricity bills for businesses;
  5. Cash conversion of tax credits under the Micro-invest scheme;
  6. Refund on port charges and container discharge fees.

Download the pdf for further information.  

Originally published 09 Jun 2020

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