Digitalise your Micro Business
Who is eligible for this scheme?
This incentive is open for microenterprises. A micro-enterprise is defined as an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million.
What costs are covered by this aid?
Costs that are covered by this scheme include Hardware or Software*:
a. Commercial Off-The-Shelf (COTS)
b. Hardware (such as Laptops, Docking Station, Port Replicator, Monitors, Tablets)
c. Cloud computing
d. Installation including any training costs on the use of the specific item acquired under points above and included in the purchase price of the item in question, and thus from the same provider.
* For subscription based software, the cost of a 2-year subscription will be considered as the eligible cost item
The aid value for the identified eligible expenditure shall be reimbursed through the application of actual cost incurred and paid and capped at the value of the quotation submitted with the application or the invoice amount, whichever is the lowest.
What is the form of this aid and what are the maximum aid intensities?
This scheme will part-finance 50% of the eligible costs in the form of a grant with a maximum funding amount of €10,000 per digitalisation investment in digital technologies per operation. Investments in Gozo will benefit from an additional 10% aid intensity.
When are the cut off dates for this Scheme?
Whilst the Digitalise your Micro Business will remain operational until 30 June 2026, subject to availability of funds, it is worth noting that the next round of cut-off dates are the following:
28 March 2024
15 April 2024
30 April 2024
17 May 2024
31 May 2024
14 June 2024
28 June 2024
Should you require any further assistance or require any further information about the reduced rate of tax, do not hesitate to contact us so that we may assist you.