The Maltese Government has launched a set of measures to assist businesses in Malta in the light of the COVID19 pandemic and its possible effects on the Maltese economy. The measures which are being implemented include both liquidity measures as well as direct fiscal aid. MSI's Maltese accounting member Premium Audit summarises the key measures.
The liquidity measures which have been made available to Maltese entities amount to € 1.6 billion, include €700 million which relate to tax deferrals and € 900 million by way of loan guarantees, amongst other measures.
A direct injection of € 210 million which represents 1.5% of the Gross Domestic Product of Malta will also be aimed at strengthening the economy and improve the public health sector spending.
The following summary identifies the various fiscal measures which have been gradually implemented: