By means of Legal Notice 187 of 2020, the Government of Malta has published new Rent Subsidy Regulations, which came into effect on 1st February 2020. The Regulations provide for subsidy assistance to eligible undertakings requiring support to rent industrial space to develop a business activity. The aid shall not exceed €25,000 per annum and shall cover up to 50% of the cost of the rent. The scheme is administered by Malta Enterprise. The Regulations make reference to the terms and conditions as set out in Guidelines, which have now been published by Malta Enterprise. The deadline for submission of applications for assistance is 31 December 2022.
Rent Subsidy Regulations published
How can we help?
For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.
Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria. For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].