Business Re-Engineering and Transformation

The scope of this scheme is for SMEs to reform their business activity, together with restructuring employees and optimizing the use of technology and practices.

Those SMEs looking to develop further can seek help from advisors to assist them in completing the significant changes that will help them facilitate, develop and improve market access.

The assistance for this scheme should be awarded in the form of a cash grant covering 50% of the costs incurred up to a maximum grant of €5,000 for every advisory service per business firm. Beneficiaries may only be supported through this measure once every 18 months.

Applicants should apply for this scheme until the 31st of December 2023.

For more information or any assistance send us an email on [email protected].

Reduced Tax Rates for Creative Practitioners

The Commissioner for Tax and Customs announced that the scheme for a reduced tax rate of 7.5% for creative practitioners was launched.

In line with legal amendment Cap.123 Article 56 26(A) of Income Tax Act one can benefit from a reduced tax rate of 7.5%. This fiscal incentive is being implemented so as to mitigate economic uncertainties for artistic activities, which are more likely to take place within atypical working conditions.

Therefore, Arts Council Malta is currently receiving applications to be recommended for the reduced tax rate of 7.5%.

The reduced tax rate of 7.5% is applicable to artistic activities conducted on a self-employed basis for an artistic purpose* by the following: 

  • Actors
  • Choreographers 
  • Artistic Directors
  • Curators 
  • Dancers
  • Literary Writers
  • Musicians 
  • Painters
  • Sculptors

The 7.5% tax rate is applied only on the first €30,000 turnover. When this option is applied, the rest of the income is to be added to the main income, and taxed at the progressive rates.

The eligible activities are based on the NACE rev. 2 Class 90 for the following: 

90.01 – Performing Arts

90.02 – Support activities to performing arts

90.03 – Artistic Creation

*Artistic purpose refers to income earned from:

  • Theatrical, Stage, Motion Picture and TV Productions
  • Exhibitions 
  • Paintings, Sculptures, Literary and Musical Works
  • Intellectual Property, Royalties

The deadline to apply for Basis Year 2022 is Tuesday 7th November 2023 at 12:00pm. 

For assistance regarding this application, you may contact us on [email protected]

Maternity / Adoption Leave Trust Claim – 2023 Updates

Using the ‘Maternity Trust Fund Contribution’ which was introduced in July 2015 via Legal Notice 257 of 2015, employers are obliged to pay 0.3% of the basic weekly wage of all employees via the monthly FS5. Using this contribution, employers are then eligible to claim back a refund for the first 14 weeks of Maternity or Adoption Leave via the Maternity / Adoption Leave Trust Claim Application.

Usually, Employers are allowed to submit their claims for the maternity leave refund once the employee return to work after having utilised the maternity leave period, however for a limited time only, the Maternity Leave Claim Application can be submitted for previous employments dating back as far as July 2015.

Therefore, if in previous years you had employees that availed themselves of maternity leave and even if they are no longer employed by, you can take advantage of this opportunity. Older applications are currently being accepted giving a refund of up to an average of €4,000 per applicant.

If you would like more information or require our assistance to submit this application, you can contact us at [email protected]