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MicroInvest Scheme

The MicroInvest Scheme, launched by Malta Enterprise, is a tax credit incentive for micro enterprises and self-employed persons. 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 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
  • Other qualifying business investments.

The eligibility criteria are as follows:

  • Enterprises which did not employ more than 50 employees
  • Enterprises whose turnover did not exceed €10 million during the year in which costs were incurred
  • The undertakings should be registered with the VAT department unless exempted
  • 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 (65% to undertakings operating in Gozo) up to a maximum of €50,000. This capping shall be increased to €70,000 for undertakings:

  • operating from Gozo
  • registered as a Family Business
  • having more than 50% of the ownership attributed to female individuals.

At Fairwinds Management, 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 the 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 SubmissionsEligible Application will receive an Incentive Entitlement
Certificate commencing from year of assessment:
202525th March 202627th May 202625th November 20262026
2027
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