The Maltese Government has announced a number of measures in a bid to encourage retention of employees and alleviate imminent cash flow and liquidity concerns that are expected to be faced by certain local businesses in the light of the COVID-19 outbreak.
These initiatives are mainly targeted at those businesses that are suffering a significant downturn in their turnover as a result of the economic constraints arising from the COVID-19 pandemic and, as a result face substantial cash flow difficulties.
More measures may be announced in future as the need arises.
Click on the link below for the newsletter and more information. https://www.pwc.com/mt/en/publications/tax-legal/covid-19-fiscal-support-measures-for-businesses.html
Michaela Merz 