The Micro Invest Incentive encourages all undertakings (including start-ups, family businesses and the self-employed) to invest in their own business, feeding innovation to expand and develop operations. Those who engage Micro Invest will benefit from the support of a tax credit, which is calculated as a percentage of eligible expenditure and wage costs.
Take a look at our presentation on Micro Invest here:
Submission deadline:
Claims for costs incurred in
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
Claims for costs incurred in
2014
Primary Deadline (Self Employed submitting tax return in June):
30.03.2015
Primary Deadline (Companies submitting tax return in September):
-
Late Submissions
-
30.11.2015
Eligible Application will receive an Incentive Entitlement Certificate commencing from year of assessment
2015
2016
Claims for costs incurred in
2015
Primary Deadline (Self Employed submitting tax return in June):
30.03.2016
Primary Deadline (Companies submitting tax return in September):
-
Late Submissions
-
30.11.2016
Eligible Application will receive an Incentive Entitlement Certificate commencing from year of assessment
2016
2017
Claims for costs incurred in
2016
Primary Deadline (Self Employed submitting tax return in June):
30.03.2017
Primary Deadline (Companies submitting tax return in September):
31.05.2017
Late Submissions
-
15.12.2017
Eligible Application will receive an Incentive Entitlement Certificate commencing from year of assessment
2017
2018
Claims for costs incurred in
2017
Primary Deadline (Self Employed submitting tax return in June):
28.03.2018
Primary Deadline (Companies submitting tax return in September):
30.05.2018
Late Submissions
-
12.12.2018
Eligible Application will receive an Incentive Entitlement Certificate commencing from year of assessment
2018
2019
Claims for costs incurred in
2018
Primary Deadline (Self Employed submitting tax return in June):
27.03.2019
Primary Deadline (Companies submitting tax return in September):
29.05.2019
Late Submissions
-
11.12.2019
Eligible Application will receive an Incentive Entitlement Certificate commencing from year of assessment
2019
2020
Claims for costs incurred in
2019
Primary Deadline (Self Employed submitting tax return in June):
30.04.2020
Primary Deadline (Companies submitting tax return in September):
27.05.2020
Late Submissions
-
16.12.2020
Eligible Application will receive an Incentive Entitlement Certificate commencing from year of assessment
2020
2021
Claims for costs incurred in
2020
Primary Deadline (Self Employed submitting tax return in June):
24.03.2021
Primary Deadline (Companies submitting tax return in September):
26.05.2021
Late Submissions
-
15.12.2021
Eligible Application will receive an Incentive Entitlement Certificate commencing from year of assessment
2021
2022
Micro Invest is open to all sorts of undertakings, but those who apply must satisfy all of the following criteria:
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For costs incurred up to 31 December 2017, the undertaking must not have employed more than 30 people on full time contracts for three consecutive months during the year when the costs were incurred. This needs to be verified by Jobsplus.
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For costs incurred after 1 January 2018, the undertaking must not have employed more than 50 people on full time contracts for three consecutive months during the year when the costs were incurred. This needs to be verified by Jobsplus.
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Annual turnover must not have exceeded €10 Million during the fiscal year before the year in which the application is submitted.
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At the date of application, the applicant must have at least one person in employment, either on full or part time basis.
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Unless exempted, applicants should be registered with the VAT department.
This tax credit is eligible to cover:
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Costs incurred for furbishing, refurbishing and upgrading business premises.
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Increases in wage costs that exceed 3%, which have been incurred over an average of the last 3 years of business.
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Acquisition of new (or first time used in Malta) machinery, technology and instruments.
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Purchase of computer hardware, software or other ICT equipment.
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Acquisition of commercial motor vehicles.