Applications for the Micro Invest Scheme Are Now Open!

Zampa Debattista
Posted on 9th February 2021

Malta Enterprise may approve a tax credit equivalent to 45% of eligible expenditure in favour of each undertaking. The maximum eligible tax credits shall be capped at €50,000 over any period of three consecutive fiscal years. The percentage of eligible expenditure and/or the maximum tax credit can increase in certain instances.

Eligible Costs

  1. Increase in Wage Costs by at least 3%
  2. Furbishing and Refurbishing of your business premises
  3. Investment Costs
  4. Commercial Motor Vehicle costs

Key Changes in 2021

  1. Costs incurred for the purchase of a commercial vehicle, being new or first-time registered in Malta, having the EES Rating of at least Euro 5, are now eligible;
  2. Cost of a commercial vehicle which was acquired during 2018 or 2019, which has not been claimed via Micro Invest, may be claimed in 2021, if such vehicle is new or first-time registered in Malta.

The deadlines to apply for the scheme are 24th March 2021 and 26th May 2021 for Self-Employed Persons and for Companies, respectively.

Does your business meet the above Eligibility Criteria? Contact us on [email protected] to benefit from this scheme!

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