{"id":4559,"date":"2024-03-15T11:27:00","date_gmt":"2024-03-15T10:27:00","guid":{"rendered":"https:\/\/www.act.com.mt\/?p=4559"},"modified":"2024-03-15T11:27:00","modified_gmt":"2024-03-15T10:27:00","slug":"skills-development-2024-regulations-3","status":"publish","type":"post","link":"https:\/\/www.act.com.mt\/news\/skills-development-2024-regulations-3\/","title":{"rendered":"Skills Development (2024) Regulations"},"content":{"rendered":"\n
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By means of Legal Notice 54 of 2024, the Government of Malta has recently published new rules, to relaunch the Skills Development Scheme whose aim is to provide a cash grant or a tax credit to undertakings carrying out or intending to carry out an economic activity that may contribute to the economic development of Malta, which undertakings require aid to increase the skills and knowledge of their employees in relation to the requirements of their employment through training. Such aid is given in accordance with the terms and conditions set out in the Guidelines published by Malta Enterprise. Such rules came into force on the 1st<\/sup> January 2024. <\/p>\n\n\n\n Malta Enterprise may only consider awarding cash grants as follows<\/p>\n\n\n\n Any aid provided in accordance with these regulations shall not exceed:<\/p>\n\n\n\n The maximum aid for each skills development project shall not exceed \u20ac2,000,000. The aid intensity may be increased by 10% when training is provided to workers with disabilities, however the aid intensity shall not exceed 70% of the eligible costs. Any unutilised tax credits shall be carried forward for the subsequent years of assessment.<\/p>\n\n\n\n Applications under this Scheme may be submitted until 30 September 2026.<\/p>\n\n\n\n The Scheme is available to duly registered entities (including self-employed persons) that:<\/p>\n\n\n\n Qualifying training may be provided by employees of the beneficiary or employees of related enterprises or by external experts and shall include training:<\/p>\n\n\n\n Eligible undertakings should submit applications prior to the commencement of training and may only request support for one training programme in any three-month period. The training programme can include multiple training modules which may be delivered to different employees. Changes to approved training programmes must be notified to Malta Enterprise prior to being applied.<\/p>\n\n\n\n\n
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