3rd financial aid package announced
The Prime Minister of Malta, Dr. Robert Abela has announced a financial package for individuals employed with businesses operating in the private sector, including self-employed persons and part-time employees.
These measures are targeting those employees who are engaged in industries that have been adversely affected by the Covid-19 crisis. Two lists of different industries have been drawn up with different measures targeting each group of industries as listed in the table below:
List A sectors | List B Sectors | ||
Malta | Full-time employees | Salary capped at €800/month | 1 day's salary/month |
Part-time employees | Salary capped at €500/month | 1 day's salary/week equivalent to €100/month | |
Self-Employed | Salary capped at €800/month | 2 days' salary/week equivalent to €320/month (self-employed who have employees) | |
Gozo | Full-time employees | as above | Full-time employees – 2 days salary/week equivalent to €320/month |
Part-time employees | as above | Part-time employees - €200/month | |
Self-Employed | as above | 2 days salary/week equivalent to €320/month | |
Self-employed with employees | as above | 3 days salary/week equivalent to €480/month |
The List A sectors are the following: certain wholesale activities; certain retail activities; transport; accommodation; food and beverage service activities; renting and leasing of motor vehicles; employment activities; travel agencies, tour operators, and other reservation services; security and investigation services; services to buildings; creative arts and entertainment services; and personal services.
The List B sectors are the following: manufacturing; other wholesale activities; other retail activities; warehousing; and information services.
The measure is managed by Malta Enterprise, for more information visit: https://covid19.maltaenterprise.com/
Applications for the following scheme is available at the following link: https://covid.maltaenterprise.com/wagesupplement
The Prime Minister also noted that an online system will be set up which will enable a business to input its VAT number to obtain a list of measures to which such business is entitled to.
Follow our page Covid-19 Newsroom for the latest updates. Should you have any query, please do not hesitate to contact us on support.covid19@mazars.com.mt
Publication date: 24/03/2020
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