The scheme encourages undertakings (including Start-ups, family businesses and self-employed) to invest in their business, so as to innovate, expand and develop their operations. Undertakings benefitting from this measure will be supported through a tax credit calculated as a percentage of eligible expenditure, which also covers increased in wage costs.
Malta Enterprise may approve a tax credit equivalent to 45% of eligible expenditure in favour of each undertaking. An additional bonus of 20% (that is a total of 65% tax credit) applies to undertakings operating from Gozo.
The new guidelines relating to the eligible expenditure incurred in 2021 will be published soon.
|De Minimis Declaration (2021)|