The Malta Chamber of SMEs welcomes MCESD Chairperson David Xuereb to its offices
01 February 2024
Malta Chamber of SMEs President Mr Paul Abela and Deputy President Mr Philip Fenech welcomed...
GRTU on behalf
of the Tobacco Product Wholesalers had this week
written to the Minister for Finance following a complaint by the sector that
they were not being given cigarettes to distribute to retailers by the local
This allegedly resulted from a
decision taken by the Commissioner for Revenue and/or the Controller of Customs
who had imposed restrictive quotas on the quantity of cigarettes released to
local importers, pending the forthcoming Budget. This arbitrary decision had
restricted the market resulting in a situation where our members, the Tobacco
Product Wholesalers, were not being given supplies to distribute to retailers
due to the fact that the importers have reached or exceeded the quotas which
had been imposed upon them by Customs.
GRTU insisted that sufficient
supplies should be released for our members, the Tobacco Product Wholesalers,
to continue surviving for the forthcoming weeks until the Budget is passed and
the new Excise Duties are made available.
Following this intervention, GRTU was
pleased to note that an agreement has been reached with the Finance Ministry to
allow wholesalers to keep replenishing their stock normally.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).