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Malta Announces Economic Recovery Package

12 June 2020

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Proposed Changes

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Malta

On 8 June 2020, Malta's Prime Minister, Finance Minister, and Minister for the Economy, Investment, and Small Businesses announced their plans for an economic recovery package following the COVID-19 pandemic. For businesses, a number of support measures are provided, including extended wage supplements, rent subsidies, utility bill subsidies, fuel price cuts, and refunds of commercial license and logistic costs, including a 33% refund of port charges and 10% of container discharge fees, and other supports. The plan also includes an extension of the postponement of payment of certain taxes to include taxes that fall due up to September 2020. As...