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’…
With the rise and even some new introductions of social media platforms (Instagram, Snapchat and Tik Tok), it’s safe to say that Facebook still remains the number one platform used by businesses. Hence, as part of your marketing strategy for 2020, Facebook should be implemented. The marketing team at GCS Malta outline three main things you […]
According to a study published by CareerBuilder, 32% of workers in 2019 were actively searching to change their workplace. With the advancements of technology, applying for a job has become easier, leading to a higher rate of job applications. This, however, has created issues and has expanded the recruitment process to a lengthier one. Streamlining your recruitment process has become […]