BCMS Limited
243/1 Constitution Street
Mosta, MST 9052

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

Micro Invest Tax Credits

Micro InvestThe deadline for the application for Micro Invest Tax Credits on investments made during 2015 must be submitted by 30 March 2016.

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 2015;
  • Wage costs constituting an increase in the total number of full time employees;
  • 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 onĀ 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.