SME Chamber offers advisory on EU Funds
03 February 2023
Did you know that the Malta Chamber of SMEs offers a number of advisory services...
The Malta Chamber of SMEs has recently met with the Minister for Economy and Industry together with MBR top officials including the Registrar in order to continue presenting its case on the way fines had been issued to thousands of companies over the late submission of the BO Form.
The SME Chamber is mainly contesting the fact that members where only notified with the penalty (Eur 200.00) imposed when the fine would have accumulated hundreds of euros in daily fines (of Euro 2.00 per day). Members across the board, never received any notices prior. This, in our opinion is unjust and illegal.
Following a number of meetings with MBR officials, the Malta Chamber of SMEs, raised this issue with both the Minister in charge and the Prime Minister. During the recent meeting with the Minister for Economy and Industry, Hon. Silvio Schembri, the SME Chamber proposed that the daily penalties imposed should be waived completely, given the way these were imposed on members.
Members who have been impacted with this, are still being advised not to settle the pending fines. Any fines related with the late submission of BO Forms, which fine, including the daily penalty was imposed without prior notice, are advised to do so.
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).