Press Release: SME Chamber welcomes reactivation of Bank moratorium possibility
18 January 2021
FURTHER EXTENSIONS WILL BE NECESSARY The Malta Chamber of SMEs greatly welcomes the extension granted...
Kindly note that GRTU
continues to resist the imposition of the Eco-Tax as devised by government.and
approved by Parliament. Discussions are still going on between GRTU and
government on a Technical and on a Political Level.
At a Political Level
we are arguing on the economic impact of the Eco-Tax and GRTU’s strong objection
on the imposition of the tax on existing stocks and its imposition on goods
ex-customs rather than on goods sold (either to retailer or to direct consumer
At a Technical Level a team of traders from GRTU
(spirits and beverages; cosmetics and body lines; tyres and batteries; white
goods; brown goods; electronic and electrical equipment) is in discussion with
Parliamentary Secretary Tonio Fenech to change the technical faults of the
ECO-Contribution ACT as well as other recommendations for amendments. The
technical team is also discussing the option for schemes for the recovery of
waste and the refunds applicable. GRTU is asking for proposals in this
In the meantime members are being advised to look at the law
(see Eco-Contribution Act on www.grtu.org.mt under the Press Releases section)
and prepare themselves in case businesses are given a short notice to comply.
The details provided by GRTU are not to be taken as instructions to comply with
the Eco-Tax. Indeed, it may be that GRTU issues directives not to
Up to now the only Directive GRTU has issued is for business to
advise their employees that if the Eco-Tax is imposed as approved by Parliament
without agreed amendments as proposed by GRTU the employers cannot continue to
guarantee their employees employment.
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