The worldwide impact of the COVID-19 virus and the challenges it brought with is wide and reaching. Within this section of our website we aim to bring to your attention, our clients and businesses, news and measures from Malta that are relevant to your operations, with a view to assist you by being prepared to respond and adapt to the situation.
Our team is closely following all legal notices, measures and updates being rolled out almost on a daily basis by the various Authorities as well as the Government.
Please do get in touch should you require any specific assistance.
NEXIA BT is organizing a WEBINAR on 13th April 2020 between 10:00 AM and 11:00 AM CET to discuss and answer your questions concerning the COVID-19 fiscal measures announced so far. In conjunction with novolegal, the panel will also try to guide you through any business legal aspects to consider in this situation.
A key determinant in the survival of business in the COVID-19 crisis is liquidity. Malta’s leading banks have over the past week contemplated assistance to businesses which are adversely hit by the economic crisis brought about by the world pandemic.
The Covid Wage Supplement provides the employee with a basic wage cover to address the disruption caused by the COVID-19 pandemic. The supplement will be given to employers who will be obliged to guarantee that this is passed to the respective employees.
We, at Nexia BT, remain focused on providing sound advice you and your teams require in such endearing circumstances. We are here to help you make sense of the situation, assist you in establishing your immediate priorities, as identified above, and enable the development of new ideas and concepts to allow your business to retain and grow its value.
The MGA, referring to the developments in relation to COVID-19 has issued a notice referring to Commercial Communications Regulations to which all licencees are subject.
On the 24th March 2020, the Prime Minister of Malta announced the third set of measures aimed at alleviating the burden which has been created by the coronavirus.
On Sunday 22nd March, the Minister for Health Dr Chris Fearne, upon the order of the Superintendent of Public Health, notified the closure of shops retailing in non-essential goods, irrespective of the outlet of sale, that is, whether from within a shopping mall or not.
Identity Malta Agency has implemented some protective measures with immediate effect in response to the Coronavirus outbreak.
The application for the tax deferral measure is now available online through the Malta Enterprise portal. The eligible taxes are Provisional tax, Employee taxes, maternity fund payments and social security contributions, social security contributions of self-employed persons and Value Added Tax falling due in March and April 2020.
On the 18th March 2020, the Prime Minister of Malta, Dr Robert Abela, together with the Minister for Finance and Financial Services Prof. Edward Scicluna and Mr Silvio Schembri, Minister for Economy, Investment and Small Businesses announced further measures aimed at assisting companies and self-employed business to combat the adverse effects of the Covid-19 pandemic.
On the 16th March 2020, Malta Enterprise issued a guideline document and an application form under the Business Development and Continuity Scheme to facilitate employers providing teleworking arrangements to their employees who can carry out their work from their residence. The call shall support employers to invest in technology that enables teleworking and to partially cover the costs of teleworking solutions.
On the 14th March, the Prime Minister of Malta, Dr Robert Abela announced several Income-Tax, VAT and Social Security measures aimed at assisting companies that are the most impacted by the current situation. He added that this is the first package of measures to take care of businesses, particularly those involved in Tourism, Hospitality, Transport and Manufacturing, which had been hardest hit by the Coronavirus problem.
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