By means of LN 140 of 2017, the Tax Credits for Micro Enterprises and the Self-Employed Regulations were amended so that family businesses as defined in the Family Business Act may with effect from year of assessment 2018 also be able to benefit from tax credits.
In terms of the revised regulations, a family business may be granted a total amount of tax credits that shall not exceed Eur50,000 over any period of three consecutive years under the terms and conditions specified in the Guidelines published by the Malta Enterprise.