The MicroInvest Scheme, launched by Malta Enterprise is a tax credit incentive for micro enterprises and self-employed. The main objective of this scheme is to assist small and medium-sized enterprises to invest, improve, and expand their business by providing a tax credit based on eligible investment.

In brief, the capital investments which will be eligible for this tax credit include:

  • Costs in relation to furbishing, refurbishing and upgrading of business premises
  • Investments in purchasing of machinery, technology, instruments and motor vehicles
  • Investments in purchasing of computer hardware, software and other ICT equipment
  • Recruitment of employees claiming tax credit for the first 12 months of their employment
  • Development and renovation of websites
  • Others.

The eligibility criteria are as follows:

  • Enterprises which did not employ more than 30 employees
  • Enterprises whose turnover did not exceed €10m during the year in which costs were incurred
  • The undertakings should be registered with the VAT department
  • The undertaking should have the applicable regulatory licenses and permits
  • Applicants must not be defaulting in VAT, income tax, social security and rent payments to government
  • Applicants must employ at least one employee at the date of application (this person may be the applicant himself in case of self-employed person)
  • Self-employed persons are also eligible for this scheme as long as they meet the employees and turnover threshold.

The tax credit is equivalent to 45% of eligible expenditure up to a maximum of €30,000.

At Fairwinds Management Limited, we can help you in the application process and provide you with advisory services in order to successfully obtain funding for your business investment and other tax benefits. This incentive is open to all undertakings, which at point of application satisfy all of the criteria enlisted within the Incentive Guidelines.

The following table portrays all the MicroInvest Scheme deadlines.

Claims for costs incurred in year:

Primary Deadline
(Self Employed submitting tax return in June):

Primary Deadline
(Companies submitting tax return in September):

Late Submissions

Eligible Application will receive an Incentive Entitlement
Certificate commencing from year of assessment:

2021

23rd March 2022

25th May 2022

14th December 2022

2022

2023

2022

22nd March 2023

24th May 2023

13th December 2023

2023

2024