The rise of consumers who are digital as they partake on social media platforms is evident enough to grab a business’ attention to invest in social ads and remain at the forefront in terms of competition. A forecasted 20% rise in social ad spending for 2020 is enough for businesses who have not yet jumped […]
As most industries feel the constraints of the coronavirus, the advertising industry has seen a considerable drop in advertising spending too. Before the pandemic hit the world, the ad market was forecasted to grow to $865 billion by 2024. However, according to Publicis, ad spends dropped by 15% in China and an average reduction of 9% […]
Without a doubt, the Covid-19 pandemic has affected many industries around the globe including the recruitment industry. Many familiar methods used in the recruitment process needed to be replaced with more innovative methods. For example; face-to-face interviews were replaced with live video calls. Following are some examples of how the pandemic has changed the recruitment industry. Interviews Remote working […]
In light of the recent pandemic to hit the Maltese islands, many businesses suffered in different ways. Most companies were shut down temporarily or had to reduce their services to ensure they followed the measures put in place by the government. As a result, most companies saw a great drop in their revenue due to the unforeseen […]
As outlined in our previous article, a mini-budget was announced on March 18th 2020. On 24th March 2020, the Prime Minister announced additional measures to support businesses and safeguard jobs. This package is estimated to a total of €70 million per month. A summary of the measures has been outlined by GCS Malta’s team below. Malta […]
On the 18th March 2020, The Prime Minister, the Minister of Finance and the Minister for Economy, Investment and Small Businesses, released several measures to counteract the negative impacts of the Covid-19. These measures are an addition to the previous measures announced since the Covid-19 pandemic entered Malta. The package has a value of €1.81 […]
In light of the recent COVID-19 (Coronavirus) outbreak, on the 16th March 2020, a teleworking grant scheme was announced. Malta Enterprise issued a guideline document and an application form under the Business Development and Continuity Scheme to facilitate employers providing teleworking arrangements to their employees to carry out work from their residence. This will partially cover the costs of […]
As the COVID-19 virus continues to spread at a global scale, the aftermath of Coronavirus could cut global economic growth in half and plunge countries into recession in 2020. In a recent article published by The Guardian, it’s stated that the Organisation for Economic Cooperation and Development (OECD) said that global GDP growth could plummet to […]
As from 1st January 2020, a new set of rules will enter force to harmonize and simplify certain rules in the value-added tax system for the taxation of trade between the Member States. Also known as ‘quick fixes’, concern call-off stock arrangements, chain transactions and…
Malta is becoming the jurisdiction of choice for an increasing number of multinational groups seeking an efficient holding structure. Holding companies registered in Malta may benefit from a participation exemption if they are in receipt of dividend income or capital gains from a ‘participating holding’…