COVID-19: Malta announces economic recovery package aimed at boosting the economy

COVID-19

09 Jun 2020

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.