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Latest News

Budget Speech 2018 - Highlights
10-Oct-17

We welcome you to the main highlights of the Budget Speech 2018 delivered by the Minister of Finance, the Honourable Prof. Edward Scicluna.

The Prime Minister, the Honourable Dr Joseph Muscat held that “It is all part of the strategy we started in 2013 where we set off trying to fix things that needed to be fixed in economy and which has now led us to a situation where we can work for today as well as for the future,” In fact Dr Muscat continued to say that this budget was a budget that for the first time in recent history, included no increase in taxes.

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Availing yourself from the Micro Invest tax credit
31-Jan-17

The objective of the scheme is to incentivize undertakings to innovate, expand, develop or implement compliance directives within their organization, through the granting of a tax credit to eligible organisations.

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Budget Speech 2017
18-Oct-16

 

We welcome you to the main highlights of yesterday’s budget speech delivered by the Minister of Finance, the Honourable Prof. Edward Scicluna, prepared by Parker Randall Turner.

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Start-up Investment Grant Scheme & SME Growth Grant Scheme
20-Jul-16

On the 11th July 2016, the Ministry of European Affairs has announced two schemes which are aimed at assisting Start Up and SMEs in their growth strategies, through non-repayable grants part-financing eligible undertakings’ projects.

These schemes give the opportunity to Start Ups and SMEs to avail from a maximum of Eur 300K and Eur 500K respectively.

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BOV’S Joint Assistance Initiative for Maltese Enterprises (JAMIE)
15-Jul-16

Through Bank of Valletta, this scheme aims to assist Maltese SMEs through the granting of reduced interest rates and reduced collateral requirements. SMEs may be granted with financing of up to Eur 500,000.

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Work Trial Scheme for Youths
17-Jun-16

This scheme has been launched through a collaboration between the Ministry for Gozo, the Ministry for Education and Jobsplus. The theme of the scheme is ‘Enhancing employment and economic activity in Gozo. A scheme to stimulate and attract the youth unemployed and inactive persons in the labour market.’

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Get Qualified
20-May-16

Malta Enterprise has published a list of courses, the majority of which relate to MQF levels 5 to 8, which eligible persons may choose to pursue. A tax credit may be awarded to such persons, equivalent to a percentage of the costs incurred, as will be described in further detail. This tax credit will be awarded upon successful attainment of the studies leading to a certification, diploma, degree or post-graduate degree.

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Strengthening Market Entry and Internationalisation
13-May-16

This scheme, administered by the Malta Enterprise, is targeted at assisting undertakings through the part-financing of costs, when seeking to penetrate international markets through the exploration of growth opportunities, creation of business contacts and consolidation of existing markets.

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Get Certified! Get Rewarded!
06-May-16

Certify (Tax Credit) is a fiscal measure administered by the Malta Enterprise to encourage eligible undertakings to improve the quality of their products, services and processes. The aim of the scheme is to raise awareness on the added value that undertakings may achieve through attaining certification, especially when competing internationally. Through this scheme the Corporation may approve a tax credit of up to €25,000 per undertaking. This tax credit will be based on 50% of the eligible Consultancy and Certification Body’s costs incurred in relation to the attainment of certifications, quality marks, or licences.

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Access To Employment Scheme - Removing Barriers To Employment
28-Apr-16

ETC’s Access to Employment (A2E) Scheme provides employment aid to enterprises in Malta and Gozo to promote the recruitment of disadvantaged, severely disadvantaged, disabled jobseekers and inactive persons.

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Parker Randall Turner Relaunches Website
24-Apr-16

Today, the 24th April, 2016 the following press release was published in The Sunday Times of Malta: 

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Funding opportunities for Start-ups!
22-Apr-16

Business START is a scheme provided by Malta Enterprise offering a seed funding for start-ups. The measure is intended to support Small Start-up Undertakings that have a viable business concept and are in the early stage of its development. Initiatives that are considered to be economically viable shall be supported through a grant of up to €25,000.

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REMINDER: TA 24 Tax Declaration
18-Apr-16

 

Persons who receive rental income from tenements leased to individual/s as a residence or a garage are required to compile the TA 24 Declaration form in order to benefit from the 15% tax rate on the said income.

 

The following criteria for the tenement must be satisfied to qualify for the 15% tax rate:

 

(1) The tenement must not be a commercial tenement;

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Availing yourself from the Micro Invest tax credit
19-Feb-16

Objective of the Scheme

The objective of the scheme is to incentivize undertakings to innovate, expand, develop or implement compliance directives within their organization, through the granting of a tax credit to eligible organisations.

Claim Submission / Duration of incentive

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Parker Randall Turner helping Puttinu Cares in its fund raising event
17-Feb-16

Xarabank for Puttinu Cares on 'Good Friday'

Increasing numbers of Maltese patients are faced with the trauma of fighting life affecting illnesses and many of these conditions require specialised treatment in overseas hospitals which very often entails that patients stay abroad for weeks and months. The Puttinu Cares Foundation was set up with this in mind so as to support the families of children suffering from cancer but has over the years provided adults, suffering from various conditions and who needed treatment abroad, with accommodation.

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'Best Audit Firm of the Year 2015'
05-Jan-16

 

Parker Randall Turner’s article in relation to the ‘Best Audit Firm of the Year 2015 Award’ featured on the Economic Vision publication for 2016.

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Parker Randall Turner – Best Audit firm of the year 2015
25-Oct-15

Parker Randall Turner proudly announces that it has been awarded the ‘Best Audit Firm of the Year 2015’ award. The award has been presented to the firm during the Annual General Meeting of the international network Parker Randall International, in London. The firm was nominated and selected amongst other members, which represent the network in fifty three (53) other countries around the globe.

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