24 Mar 2020
On March 18, 2020, the Prime Minister of Malta, Finance Minister Scicluna and Economy Minister Schembri announced certain economic measures to support Maltese businesses in an attempt to partially mitigate the economic disruption caused by the COVID-19 pandemic.
Salary and wage support for Maltese employers
A significant part of the newly announced measures is intended to somewhat ease the burden faced by employers whose employees are obliged to adhere to mandatory quarantine orders or where their business has been subject to direct government measures (such as the closing of restaurants, bars, gyms, cinemas, casinos and betting shops).
More details of the measures are yet to be provided. The forms of assistance which will be available to employers in these situations for the time being are the following:
Financial support for all businesses
The assistance granted will also include deferrals on all tax payments (covering provisional tax, employee taxes, maternity fund payments, and social security contributions and value added tax) due for March and April 2020, to all those businesses who have been adversely impacted by the spread of the pandemic, and who have complied with tax obligations falling due by 31 December 2019.
Financial assistance for families and unemployed persons
This assistance comprises of:
Support to Jobsplus agency and employment of third country nationals
Jobsplus has established a new office specifically to support Maltese, EU and third country nationals finding an alternative engagement following redundancy, as well as assisting employers seeking to recruit new employees.
In a bid to encourage re-employment of Maltese and EU nationals, any employer terminating the employment of EU and Maltese nationals will be prohibited from subsequently engaging third country nationals.
It has also been announced that Identity Malta will not be accepting any new single permit applications for third country nationals during the continuance of these measures, with the exception of applications for persons in the healthcare professions and for other highly-skilled workers.
More information on the measures discussed here is expected to be published on the Government’s legal justice portal later this week.
This piece is intended to highlight issues and not to constitute legal advice. Should you require any assistance with these new fiscal measures please do not hesitate to reach out to your usual WH Partners contact or email us at firstname.lastname@example.org.