Business owners and self-employed people whose trade has been most affected by a coronavirus-sparked slump will have all tax and social security payments due for March and April postponed. The payments will instead be deferred to a later, as yet undefined date. Businesses in the tourism, hospitality, recreation, transport and some manufacturing sectors will be eligible for the payment holiday. Furthermore, companies which invested in teleworking systems would also be eligible for a 45% refund up to €500 for each worker.
Tax Relief for Coronavirus-Hit Businesses
Business owners and self-employed people whose trade has been most affected by a coronavirus-sparked slump will have all tax and social security payments due for March and April postponed. The payments will instead be deferred to a later, as yet undefined date. Businesses in the tourism, hospitality, recreation, transport and some manufacturing sectors will be […]
Written By Stephen Balzan
On March 15, 2020
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How can we help?
For further information, please contact us on [email protected]. ACT can help you understand the changes to the income tax, accounting, corporate and VAT 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 +356 21378672 or send us an email on [email protected].
