The outbreak of COVID-19 has affected also the timing of the regulatory reporting. Given this situation the Malta Financial Services Authority (“MFSA”) has published a circular which informs that MFSA will be accepting a delay from the reporting deadline for some of the submissions/publications falling due by March or April 2020. Further delays may be...
Government has announced an aid package aimed at assisting businesses facing difficulties due to the Covid-19 pandemic. We can help you access this assistance, please contact: Alison Mizzi or Silvan Mifsud on this email eu-funding@emcs.com.mt The measure announced are the following: LIQUIDITY Deferred tax payments Possible 3-month moratorium for both personal and business loans Government...
Due to the recent Coronavirus outbreak, Malta Enterprise introduced a new scheme supporting enterprises to invest in new teleworking arrangements. The initiative supports businesses, irrespective of size and sector, to invest in computer hardware, software connectivity and communication solutions (e.g. VPN) The cash grant covers up to the 45% of the eligible cost incurred after...
Dear Clients Kindly note that in view of the COVID-19 outbreak, EMCS will be closing its offices from Monday 16th March 2020 till Friday 20th March 2020. We are undertaking this action to assist in the national effort to contain the spread of the virus. Remote working and meetings Although our offices will be physically...
The importance of Small Businesses to the Maltese Economy is clearly outlined in the Policy note “SMEs’ contribution to the Maltese economy and future prospects”, issued by the Central Bank of Malta in October 2018[1] “Official data suggests that the contribution of Maltese business economy SMEs was close to half of total value added,...