Malta Enterprise and the Institute of Tourism Studies (ITS) are launching the Skills Pass Support Scheme, a new initiative to help the tourism and hospitality industry retain non-European employees. This support measure offers up to a 50% subsidy as a tax credit for employers who help their employees obtain the Skills Pass.
Why Attend?
Understand the benefits and application process of the Skills Pass Support scheme
As of January 1, 2024, the interest rate for late payments in commercial transactions in Malta has increased to 12.5%, previously being at 12%. This adjustment is made on January 1 and July 1 each year.
The Late payments directive was implemented in 2012, addressing late payments in commercial transactions. Under this directive, creditors have the right to charge interest on late payments at a rate of 8% plus the European Central Bank reference rate. This interest is calculated from the day following the agreed payment date or contract-end date.
When payment terms are unspecified, the creditor can claim interest 30 calendar days from the receipt of goods or services, or from the invoice date. The agreed payment period in the contract cannot exceed 60 calendar days, unless both parties expressly agree on a longer period that is not grossly unfair to the creditor.
Creditors can pursue late payment claims without reminding debtors, especially in transactions between undertakings and public authorities. In such cases, the payment period is 30 days unless otherwise agreed, with a maximum of 60 days if specified in the contract.
Conditions for interest on late payments in commercial transactions also include:
Payment period limited to 60 calendar days, unless mutually agreed upon for fairness.
Supplier can claim late payment without a reminder.
Business-public authority transactions have a 30-day default payment period, not exceeding 60 days if specified.
Public authorities engaging in economic activities have a 60-day payment limit if unspecified.
Any extension of the invoice receipt date is void.
Supplier entitled to a minimum €40 compensation in addition to interest charges.
Retention of title in contracts until the buyer pays in full.
The Late payments directive is currently being revised in order to ensure more proportionality adding more safeguards to clauses already included. This is to ensure SMEs are safeguarded.
If you would like to know more about this directive, please do not hesitate to get in touch.
Quantitative techniques to study Employer Attitudes towards Previously Incarcerated Individuals in the local (Maltese) context.
The questionnaire will take a maximum of 10 minutes to complete, identity will remain anonymous on submission of responses, and no location data will be collected. Click here to participate in survey https://forms.gle/xZeENxygbNSqVyxY9
Calls for Tenders for renewable energy installations up to a maximum of 1 MW
The Regulator for Energy and Water Services on behalf of the Ministry for the Environment, Energy and Enterprise will be receiving bids for the award of financial support for electricity generated from new Renewable Sources of Energy Installations with a capacity from 200kWp up to less than 1000kWp as from 14th October 2022 noon(CET) and until the 24th October 2022 noon(CET).
Malta Chamber of SMEs President Mr Paul Abela reacts positively to this scheme.
Bids shall be submitted only by email to and bidders are to follow the instructions in the Invitation to Bid (ITB) document. The email shall be used solely for the submission of bids and any other correspondence related to this ITB shall be sent by email to .
The total capacity offered in this invitation to bid is 2,823kW.
The Ministry for the Environment, Energy and Enterprise reserves the right to refuse even the most advantageous offer.
Five calls are on offer, in two separate categories which will be running consecutively:
Generation of renewable energy from capacities of 40kW up to less than 200kW, and from 200kW up to less than 1000kW respectively. The schedule below refers:
ITB Call Start Date for the Submission of Bids Closing Date for the Submission of Bids:
Call no. 1 Friday, 14th October 2022 Monday, 24th October 2022
Call no. 2 Wednesday, 04th January 2023 Thursday, 12th January 2023
Call no. 3 Wednesday, 05th April 2023 Thursday, 13th April 2023
Call no. 4 Tuesday, 04th July 2023 Wednesday, 12th July 2023
Call no. 5 Tuesday, 03rd October 2023 Wednesday, 11th October 2023
Further technical information and details may be found on the Government Gazette as well as on the REWS website at: https://www.rews.org.mt/#/en/tenders/224. Prospective applicants may also contact REWS offices, via email () or telephone 2295 5000.
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