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Malta Enterprise is currently receiving applications from undertakings (including self-employed individuals) qualifying for the Micro Invest Tax Credit, by virtue of which any micro enterprises and self-employed persons may benefit from a tax credit equivalent to 45% of eligible expenditure. An additional bonus of 20% (total 65% tax credit) applies to undertakings operating from Gozo.The maximum tax credit available is capped to €30,000 for undertakings in Malta and €50,000 for undertakings operating in Gozo.Expenses that can be covered by this scheme include:
Kindly note that application forms claiming the tax credit on qualifying expenditure incurred during 2015 have to be received by Malta Enterprise by not later than 31 March 2016.
At KSi Malta, we have a team of experts that can help you in the submission of this application. If you would like to know more please contact our tax team: