RSM Malta

COVID-19: 3rd Set of Government Incentives and Measures

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
  • Food & beverage services
  • Motor vehicle leasing
  • Travel agencies
  • Transport
  • Building services
  • Security and investigation activities
  • Personal activities
  • Creative arts and entertainment
  • Accommodation
  • Employment activities
  • Tour operators and other reservation services

 

 

2. Businesses and self-employed persons operating in sectors that have been affected to a lesser extent than the above can benefit from assistance equivalent to 1 or 2 days per week based on Euro 800 salary for each employee retained in employment. These sectors include:

  • Wholesale (part of)
  • Manufacturing
  • Information
  • Retail (part of)

 

All businesses and self-employed persons operating in Gozo will automatically benefit from 2 days per week.

 

3. Part timers will be entitled to the same benefits pro-rated based on a monthly salary of Euro 500.

 

4. Red tape and bureaucracy to be reduced, facilitating businesses to apply for these benefits by inputting their NACE code to list all the benefits that may be availed of.

 

Contact us today for more insight and support:

Timothy Zammit – Partner ([email protected])

Vladimiro Comodini – Partner ([email protected])