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Latest News

Summary of Measures Announced by the Government re: COVID-19
24-Mar-20

The following is a summary of the measures which have been announced in the past weeks, by the Prime Ministers Prime Minister, the Minister for Finance and Financial Services and the Minister for the Economy, Investment and Small Businesses.

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Closure of Retail Outlets
22-Mar-20

CLOSURE OF RETAIL OUTLETS
 
Further to yesterday's press conference held by the Deputy Prime Minister and the Superintendent of Public Health, The Office of the Deputy Prime Minister and the Ministry for Health have provided further information on the closure of retail outlets, as follows.

As from the, the 23rd March at 8am, the retail outlets of which principal activities consists of the below, and which are classified as providing non-essential services, have been closed:

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Further Measures Announced by the Government re: COVID-19
20-Mar-20

Following the measures announced earlier this week,  the Prime Minister, the Minister for Finance and Financial Services and the Minister for the Economy, Investment and Small Businesses announced the following additional measures to assist businesses and employees in the current situation brought about by the impact of COVID-19.

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SAFETY PRECAUTIONS UNDERTAKEN BY PARKER RANDALL TURNER RE: COVID-19
17-Mar-20

With the impact of the COVID-19 (Coronavirus) outbreak being felt by businesses around the world, we are writing to update you on preparations we are taking for the potential implications of this significant global challenge.

Parker Randall Turner is well prepared to ensure business continuity in all scenarios, including during situations like pandemics.

We have facilities for remote working and access to our systems, which allows us to react to and mitigate the risk of spread of the virus.

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Measures Announced by the Government re: COVID-19
17-Mar-20

1. Measures announced by Bank of Valletta and HSBC Bank Malta 

Bank of Valletta has announced a measure to support business customers who are being affected by the COVID-19 situation. These measures will be considered on a case-by-case basis and may include the following:

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Micro Invest Scheme 2020
04-Mar-20

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
Micro Invest Applications are based on the costs incurred in the preceding year, thus the 2020 Micro Invest applications will cover costs incurred and paid for in 2019. The final call for applications will be in the year 2021, which will be based on costs incurred and paid for in 2020.

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Parker Randall Turner - Awarded the Rising Firm of the Year 2019!
31-Oct-19

Parker Randall Turner proudly announces that it has been awarded the ‘Rising Firm 2019’ award. The award has been presented to the firm during the Annual General Meeting of the international network Parker Randall International, in London in October 2019. The firm was nominated and selected amongst other members, who represent the network in fifty (50) other countries around the globe.

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Parker Randall International ranks in the 26th place world wide..
18-Feb-20

According to world surveys carried out by the World Survey of which results were published in the International Accounting Bulletin, Paker Randall International ranked in the 26th place world wide! The results were taken from the financial year ending 2018. This has been recorded as a great achievement by the Directors of Parker Randall International, however the network's vision is that of continuous growth and of increasing its presence in Europe!

 

 

 

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Budget Speech 2020
15-Oct-19

HIGHLIGHTS OF THE 2020 BUDGET SPEECH

We welcome you to the main highlights of the Budget Speech 2020 delivered by the Minister of Finance, the Honourable Prof. Edward Scicluna.

ECONOMIC OVERVIEW 2019

Hon. Prof. Edward Scicluna, opened his budget speech by providing an overview of the country’s economic outlook. The following is a short glimpse:

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Micro Invest Applications 2019
07-Apr-19

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
Micro Invest Applications are based on the costs incurred in the preceding year, thus the 2019 Micro Invest applications will cover costs incurred and paid for in 2018. The final call for applications will be in the year 2021, which will be based on costs incurred and paid for in 2020.

Read more...
Micro Invest Applications 2019
07-Apr-19

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
Micro Invest Applications are based on the costs incurred in the preceding year, thus the 2019 Micro Invest applications will cover costs incurred and paid for in 2018. The final call for applications will be in the year 2021, which will be based on costs incurred and paid for in 2020.

Read more...
Micro Invest Applications 2018
19-Mar-18

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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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

Read more...
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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