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BCMS Limited
'Coral'
243/1 Constitution Street
Mosta, MST 9052
MALTA

T: +356 2142-1111
M: +356 9947-5566
F: +356 2141-7118
E: rkg@bcmsltd.com

‘Micro Invest’ Tax Credits for Companies

Micro InvestEligible companies may apply for Micro Invest Tax Credits on investments made during 2016 until 31 May 2017 at 1600hrs.

These tax credits are aimed at micro businesses. Related or “linked” enterprises with common shareholders or voting rights are therefore seen as a “single undertaking” for the purposes of eligibility. For avoidance of doubt this includes “start-ups” as defined by Incentive Guidelines.

Eligible expenditure includes:

  • Costs incurred between 1 January and 31 December 2016;
  • Increased wage costs;
  • Furbishing and refurbishing costs;
  • Investments in machinery, technology or equipment enhancing the operations;
  • Certain motor vehicles;
  • Costs above that are properly supported by the documentation required by the Incentive Guidelines;

Further details are available on http://www.maltaenterprise.com/en/support but you can leave the specifics to us and let us handle it for you. We have been handling these applications since inception (2010) and we can guide you to ensure that your application is filed correctly so as not to lose eligibility for expenditure that would otherwise be eligible.

Please contact us on info@bcmsltd.com to find out how to exploit this opportunity in time and ensure you can take the full benefit of the tax planning advantage.