Facts and figures: The economic regeneration plan 2020 for businesses and self-employed

Rent Refund

Entities that fall under Annex A and Annex B, will be able to apply for a grant of up to €2,500 by submitting their lease agreements. Application not yet available

Electricity bill Refund

Businesses will be granted on application 50% refund at a commercial rate for the months of July, August, and September. However this is caped on each application at €1,500. It is suggested that if more than one entity is operating under the same building, each entity should apply separately so as to increase possible refunds. Application not yet available

Wage Supplement

As of July 2020 the benefit rate of €800 for full-timers and €500 for part-timers will be maintained in areas involved with tourist accommodation, travel agencies, language schools, event organisation and air transport.

Those who up to June 2020 were assisted under Annex A but do not feature in the categories listed above shall be kept within the parameters of Annex A but will however move to a tapered aid of €600 for Full timers and €375 for Part Timers. Students and Pensioners who are in employment shall fall within this new category. Application not yet available

Business Re-engineering Consultancy

Malta Enterprise will be providing up to €5,000 for every business, allowing them to embark on a reengineering exercise on approval by authorities. Application not yet available

Micro Invest Cash conversion

Who invested in 2019 and who benefited from Malta Enterprise’s tax credit scheme, Micro invest, there will be a conversion of 30% of these credits into grants. Costs covered include refurbishment and upgrading of offices & factories, investment in machinery and other assets. Caped at € 2000 per business in Malta and €2500 per business in Gozo. Application not yet available

Modernisation of equipment – Construction

Business can receive support of up to a maximum of €200,000. This is to provide incentives for businesses to shift towards modern, more efficient and environment-friendly machinery. Application not yet available

Investment aid Covid Products

Malta Enterprise may provide a cash grant not exceeding 80% of the eligible costs to support undertakings to carry out investment projects to increase or initiate production of COVID-19 relevant products or to diversify existing production to be able to produce COVID-19 relevant products. Application available

Skills Development Scheme

SMEs: Malta Enterprise will be building upon an existing measure. A top-up shall be directed towards those businesses that employ fewer than 50 persons. Application not yet available

Tax Deferral Scheme – Continues

National Insurance, income tax and maternity contributions will now start to be paid from 1 July. Other taxes due by companies have been deferred to the end of August. Companies can pay the deferred tax by May next year, with no interest charged.

Proof of a “significant downturn in turnover” in its specific circumstances, a drop of circa 25% or more in sales registered would allow eligibility to the above tax deferral scheme. Scheme has been made available from April 2020: this is just an extension of the scheme.


Parents who both work in the private sector requiring one of the parents to stay at home to take care of school-aged children will receive a direct payment of €166.15 per week if working fulltime or €103.85 per week if working part-time provided that they cannot carry out their functions through teleworking arrangements. This measure also applies for single parent families who have school-aged children. No information is out if this is an automatic mechanism or if individuals need to apply.

Contributory Unemployment Benefit, Individuals  will receive a direct payment of €166.15 if work was in full-time before one became unemployed or €103.85 per week if work was part-time before becoming unemployed. This also applies for self-employed. The benefit will be given upon the application of individuals for social unemployment benefits.

Quarantine Leave, Employers who have or had a member of their staff (including themselves) on mandatory quarantine leave in accordance with the directives of the Superintendent of Public Health are entitled to a one-off lump sum grant of €350. The grant is also applicable for members of staff who had to quarantine themselves in view of possible contact with individuals who were directly at risk of infection, such as living in the same dwelling or in the same workplace. Application is available and there is a form online that needs to be filled in and sent within 30days from when quarantine started. No guidance was given as to what will happen if the 30 days have passed

Assistance to households, Tax refund cheques to all workers who worked during 2018 – an average family where both parents work will receive up to €328. Automatic no need to apply   

A reduction is stamp duty, from 5% to 1.5% on contracts to be signed between June 9 and March 31 of next year. Automatic no need to apply   

Tax for those selling property under development or those contracts made after June 1 up to March 31, 2021 will be reduced from 8% to 5%. Automatic no need to apply   

The 1st time buyer’s scheme will be modified for all contracts taking place from 9 June, unless a person has benefitted from the scheme since 2013. Automatic no need to apply   

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