Malta Enterprise has launched a new scheme to assist small and medium enterprises invest in improving their products, services and process and obtain quality marks or certifications which attest such improvements.
Through the Quality+ scheme, Malta Enterprise may approve deductions from taxable income amounting to 150% of the eligible expenditure incurred for achieving the required improvement. The approved amount would be deducted from the taxable income of the beneficiary, resulting in an effective reduction in the payable tax.
Eligible expenses, up to a maximum of €20,000, include costs incurred in the process of achieving a recognised quality certification related to processes, products or services; achieving a recognised environmental certification; adopting of an operations manual and the acquisition of a franchise licence; a due diligence exercises leading to the acquisition of a licence required for participation in a
value chain; or in the acquisition of a quality mark.
Amongst others, companies which obtain certifications or quality marks such as ISO 9001:2008, ISO 14001, ISO 22000, MS1500:2004, Hazard Analysis Critical and Control Point (HACCP), BSI Kitemark and CE Mark would be eligible for assistance.
The fiscal support that will be available through this scheme should make it easier for business to carry out investments that lead to superior products, services of higher value or more efficient processes.
More information can be obtained from the Incentive Guidelines on ME website by following this link http://support.maltaenterprise.com/quality.