The focus of the workshop was ‘Incentives and Fiscal Aids to Business: All that you should know’.
The objective of the ‘Made Simple, by Mazars’ sessions is to make it possible and convenient for end-customers to receive practical information by professionals, particularly from a fiscal, financial and regulatory perspective, which can help them make the right decisions for their business and for their own personal well-being.
This initiative is in line with our business advisory mission and our reputation as a provider of personal services and quality advice.
During the recent session, participants were informed and given guidance on incentives and fiscal aids to business, including, amongst others, the Micro Invest Tax Credit Scheme, the Investment Aid Tax Credit Scheme, applicable Business Enhance ERDF Grant Schemes, as well as legal provisions for tax deferrals on Group Re-organisation.
Commenting on the topic of this workshop, MAZARS Malta partner Paul Giglio explained that “Maltese laws and regulations cater for various incentives and fiscal aid measures meant to support businesses. These can either take the form of tax credits, tax exemptions, tax deferrals, or cash grants. While some of these incentives require pre-application, others can be claimed once the tax return is submitted to the tax authorities. Irrespective of whether a business is at the start-up, or maturity stage, it would be undoubtedly worthwhile being aware of government measures which could assist its development and result in cash savings”.