Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
The COVID-19 pandemic has led many businesses to negotiate for lease deductions. In light of these circumstances, the International Accounting Standards Board has issued an amendment to IFRS 16 Leases to assist lessees in accounting for COVID-19 related rent concessions such as rent holidays and temporary rent deductions.
On the 8th of June 2020, the Maltese Government has announced an economic regeneration plan aiming to boost Malta’s economy after the COVID-19 slowdown which can be categorised in three categories: Reduction of costs for businesses / Increasing domestic demand / Incentivising industry while safeguarding jobs.
1. Businesses and self-employed persons operating in severely affected sectors can benefit from Euro 800 per month per employee retained in employment. These sectors include:
Wholesale
Retail
Businesses around the world and in Malta are dealing with the implications of the coronavirus. The disease outbreak is impacting demand, supply chains and workforce mobility. Travel bans and changes in consumer behavior are affecting sectors such as logistics, aviation, hospitality, tourism and consumer goods.