We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. Read More

Menu
Log in




Log in

Financial aid with regards to employment

18 Mar 2020 12:00 | Anonymous
The Minister for Finance and Financial Services, Prof Edward Scicluna issued the following financial aid with regards to disruptions caused by COVID-19 for employers and employees on the 18th of March 2020. 
  • Where both parents work, and teleworking is not doable, two months additional leave of €800 per month will be given to one of the parents to take care of the children.
  • Employees within industries that have suffered significant repercussions from the suspension of operations based on decisions taken by the government to safeguard the well being of the population (Hospitality, Restaurants, Entertainment and English language schools), will benefit from two days per week based on a monthly wage of €800.
  • All self-employed individuals without employees that work in these industries; Hospitality, Restaurants, Entertainment and English language schools will also benefit from two days per week based on a monthly wage of €800. Whilst self-employed individuals with employees that work in the same industries will benefit from three days per week based on a monthly wage of €800.
  • Those entities that suffered a fall of 25% in their operations will benefit from one day per week based on a monthly wage of €800.
  • Self-employed individuals without employees who suffered a decrease of 25%+ in their operations will benefit from one day per week based on a monthly wage of €800. Whilst self-employed individuals with employees that suffer 25%+ loss in operations will benefit from two days per week based on a monthly wage of €800.Individuals that have been made redundant as from 9th March 2020 shall benefit from a temporary increase in their unemployment benefit of up to €800 monthly.

  • Individuals with disabilities that cannot work from home but had to stay at home due to the risks of COVID-19 with respective to their disability will benefit from €800 monthly.

  • All employers terminating employment for their employees, will not be allowed to hire third country nationals instead.

  • Malta will not accept more third country nationals unless they are highly-skilled.

  • There will be aid provided to those third country national individuals that become unemployed.

Source of information: DOI press release
               

Recent News

Contact Us

Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013, Malta 

E-mail: info@miamalta.org

Tel. +356 2258 1900

© MALTA INSTITUTE OF ACCOUNTANTS, 2024