How to Claim up to 40% of your Investment

You can claim up to €25,000 from the investments you've done in between January 1st 2013 and December 31st 2013 from Malta Enterprise via the Micro Invest Scheme. By applying for the Micro Invest Scheme you can claim up to €25, 000 in tax Credits which can be used in 3 years time from the date of issue against your tax returns each year. That means that with Micro Invest you will have tax free years, depending on the amount you can claim. You can claim up to €60, 000 to get the full €25, 000 in credit. Here is how.

Make sure you are eligible for Micro Invest

All Micro, Small and Medium sized enterprises, employing less than 30 employees and with a turn over of less than 2 million are eligible. More information is available in this link.

Check what costs you can claim

Most investment costs can be claimed via Micro Invest. If you invested in growing your business, either electronically - in the form of an online store, blog, website or online marketing, than you can claim these costs and get 40% back in tax credits. If you have invested in your shop or store as well as invested in new equipment such as machines or computers, then you can also claim these expenses. If you employed new employees in 2013, you can also include them in your investment. For more information about eligible costs please refer to the scheme guidelines.

Apply for the Micro Invest Scheme

By visiting the following link, you can read more details about the scheme as well as download the application form. The application form is very self explanatory but if you need more help your accountant should be able to help you. You can also contact Malta Enterprise.

Applications for assistance will be received until the 28th March 2014.

More information is available on http://www.maltaenterprise.com/en/support/microinvest

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