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Malta Chamber of SMEs President Mr Paul Abela participated during a business breakfast organized by MCESD which included the participation of the President of the EESC – European Economic and Social Committee, Christa Schweng.

The Parliamentary Secretary for Social Dialogue Dr Andy Ellul also attended and participated in this business breakfast. The social partners and the civil society committee were also in attendance.

The Chairperson of MCESD Mr James Pearsall in his introductory speech, said that MCESD has strived hard during the years to forge the joint effort of unions, employers and the government so to have a solid base on social dialogue. Thus, social dialogue is a vital instrument in inspiring confidence and strengthening respect for and use of the mechanisms of social dialogue for both National and EU-related issues.

The EESC President Christa Schweng, stressed the link between MCESD and its European counterpart, the EESC. She spoke about the importance of the committee network which allows the sharing of best practices among members and allows for expressing different perspectives ensuring a rich debate.

The President highlighted the importance of cooperation between the EESC and the National ESCs across the European members and the intention to launch an online space to enable the exchanges of ideas.  It is felt that this initiative is of strategic importance to enable this network to discuss common interests and strengthen cooperation.

During his intervention, the Parliamentary Secretary for Social Dialogue Andy Ellul said that Social Dialogue is crucial, especially in the current times. He referred to the effective way the MCESD operated during the pandemic, as the workers, employers and the government came together and agreed on a plan that saved thousands of jobs.

Mr Stefano Mallia, President of the EESC Employers’ Group, attended this meeting.

Intellectual property, or IP, is becoming a daily part of negotiation. However, understanding what may be a difficult task.

In order to ensure that EU small and medium-sized enterprises (SMEs) have the help and information they need to navigate the IP world, EUIPO is putting companies like yours directly in contact with IP experts who speak your language. This support is provided free of charge and may be requested by any SME registered in the EU.

IP experts can offer you advice (around 2-3 hours) on issues such as:

How to identify the IP rights you own and how to protect them;
How to apply for your intellectual property rights (e.g. trademarks, patents, designs, etc.);
How to defend your PI against unauthorised use or in case of opposition to your application;

The process is quick and easy: just fill in the online application form “free consultation on IP”. You will receive with the first email with a list of available suppliers meeting the criteria indicated in your request.

Get free IP consultation now

Do you have any questions? Call on+ 34 965 139 100 or contact Malta’s national intellectual property office.

The SME Chamber is proposing a tax reform to support SMEs further

The Malta Chamber of SMEs  launched 50 proposals for Budget 2023 during a press conference addressed by SME Chamber President Paul Abela and SME Chamber CEO Ms Abigail Agius Mamo.

The SME Chamber highlighted the Budget priorities for 2023:

• Taxes that reflect today’s significant economic challenges

• Human Resource Crises –

• Business Incentive Schemes

• Unfair Competition

• Restoring a level playing field

• Import disruptions and challenges

• Export support

• Bureaucracy and regulatory requirements

• Malta’s Quality

• Quality of life and Tourism

• Education and Accredited Training

• Carbon neutral strategy

• Renewable Energy

• Incentives for Gozo

The SME Chamber is proposing a tax reform to support SMEs further. The reform would include lowering corporate tax to 15% to incentivise business and increase the balance between local and foreign-owned businesses. The reform will also include the widening of the tax brackets for individuals, which will help lower the pressure related to the cost of living.

Furthermore, the chamber is asking to reduce the VAT percentage. It said that because of the rise in prices, the government can reduce VAT and still make the same amount of money as they were making before. It is also asking for the government to completely eliminate VAT on specific goods or services, such as locally manufactures crafts and works of art.

he chamber also said that “excise duty is an unfair hidden tax,” therefore, it should be removed. It is also asking for a pension system reform to be able to guarantee a reasonable state pension.

Through the tax reform, the chamber also wishes to address the 6/7 tax refund disparity. This refers to companies which are in possession of a foreign shareholder or have a holding company in Malta. They benefit from this disparity because they pay up to 30% less tax, the chamber said. Through the tax reform, the chamber would like to address this to have a level playing field.

The proposals also included a focus on taking the yachting industry to the next level. This would involve the recognition of the urgent need for a “fully-fledged yacht marina in Manoel Island, in order to draw more attention to super yachts.” The Chamber praised the Midi Development “definitely stimulating the yachting business which will substantially help the Maltese economy.”

The budget 2023 proposals that the chamber presented were all based on a survey that it conducted to understand the main problems SMEs are facing.

Budget 2023 proposals – full document

Budget 2023 proposals – presentation

Awards final gala night will take place on Friday 28th October

The Malta Chamber of SMEs in collaboration with Malta Enterprise, announced the first edition of the Malta Business Awards, which will take place on the 28^th of October at the Mediterranean Conference Centre in Valletta.

The awards will be divided into four categories. These are: the social impact of enterprises, green initiatives, Best in Business and innovation, and digitalisation.

Over 20 awards will be given to enterprises from various sectors including tourism, whilst also incorporating different elements such as start-ups, female entrepreneurship, apprenticeship, and solutions targeted at climate change as well as sustainable processes.

Minister for the Environment, Energy and Enterprise Miriam Dalli stated that “This moment should serve as inspiration for enterprises to be more sustainable, digital, catering for their client’s needs, offering good quality products whilst also ensuring competitiveness. The Business Awards serve as a means to learn from each other’s success stories, as well as for enterprises themselves to define the next steps to improve their processes.”

Kurt Farrugia, the CEO of Malta Enterprise stated that “We hope that the winners of the awards would serve as role models for other enterprises, inspiring them to improve their processes. Malta Enterprise actively assists enterprises through a variety of schemes aiming to improve the standards and the quality of services offered. Some of these schemes are the Smart & Sustainable Investment Grant, Invest, Research & Development and Innovate.”

Malta Chamber of SMEs President Paul Abela stated that it is an honour that the Chamber for Small and Medium Enterprises, with a legacy of over 70 years, organised these prestigious awards together with Malta Enterprise as well as with the help of other entities. He stated that these awards have created a platform for recognition which will inspire others through the good initiatives being taken by local businesses. Mr Abela encouraged businesses to participate in these awards which aim to support these local businesses.

CEO of the Malta Chamber of SMEs Abigail Agius Mamo stated that the Malta Business Awards will be honouring businesses in diverse categories. The gala night in which the winners will be announced will take place on the 28^th of October at the Mediterranean Conference Centre.

More information on www.maltabusinessawards.mt.

The European Commission proposed new restrictions on who can use and access EU data across all economic sectors on February 23, 2022. The Data Act would promote digital fairness, a competitive data market, data-driven innovation, and data accessibility. It will lead to new, creative services and cheaper repairs for linked products.

The proposal for the Data Act includes:

• Measures to rebalance negotiation power for SMEs by preventing abuse of contractual imbalances in data sharing contracts. The Data Act will shield them from unfair contractual terms imposed by a party with a significantly stronger bargaining position. The Commission will also develop model contractual terms in order to help such companies to draft and negotiate fair data-sharing contracts.

• New rules allowing customers to effectively switch between different cloud data-processing services providers and putting in place safeguards against unlawful data transfer.

Consumers and businesses will be able to access device data for value-added services like predictive maintenance. By having more information, consumers and users  may make smarter decisions like choosing higher-quality or more sustainable products and services, helping to Green Deal goals.

A competitive data market will provide businesses and industries more data. Aftermarket service providers will be able to offer more personalised services and compete with manufacturers. Data may also be used to create new digital services.

For more information click here.