Deloitte Malta presents a summary and analysis of the Malta Budget 2018 speech presented to the House of Representatives by the Hon. Prof. Edward Scicluna, Minister of Finance on 09 October 2017.
Malta Enterprise schemes
Changes will be implemented to the 'MicroInves't and 'BusinessStart' schemes. 'MicroInvest' is being extended to undertakings which employ not more than 50 full-time employees. In addition, the maximum eligible tax credit for a single undertaking has been increased as follows:
|Current maximum eligible tax credit in EUR||New maximum eligible tax credit in EUR|
|Undertaking based in Malta||30,000||50,000|
|Undertaking based in Gozo||50,000||70,000|
|Undertaking with women holding the majority of shares or self-employed women||50,000||70,000|