Skills Development Tax Credit
Until 31st December 2020, Malta Enterprise will operate a Tax Credit incentive entitled: Skills Development Scheme.
The aim of this scheme is to support training initiatives that will assist employee’s new skills, knowhow and knowledge. Subsequent to the supported training, it is expected that the assisted undertakings will upgrade skills of employees, address skills shortages, facilitate re-skilling, tackle skill mismatches and work towards developing a knowledge-based workforce.
The aid shall be granted in the form of a tax credit. The Malta Enterprise may consider and approve a cash grant with respect to the training requirements for entities directly related with the below activities:
Repair, overhaul or maintenance
Software developing, writing, modifying and testing.