Tax Credits for Micro Enterprises and the Self-Employed

By means of LN 140 of 2017, the Tax Credits for Micro Enterprises and the Self-Employed Regulations were amended so that family businesses as defined in the Family Business Act may with effect from year of assessment 2018 also be able to benefit from tax credits. In terms of the revised regulations, a family business […]

Written By ACT Team

On May 29, 2017
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By means of LN 140 of 2017, the Tax Credits for Micro Enterprises and the Self-Employed Regulations were amended so that family businesses as defined in the Family Business Act may with effect from year of assessment 2018 also be able to benefit from tax credits.

In terms of the revised regulations, a family business may be granted a total amount of tax credits that shall not exceed Eur50,000 over any period of three consecutive years under the terms and conditions specified in the Guidelines published by the Malta Enterprise.

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri ecamill[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].