SME Chamber participated during a conference by the Malta Sustainability Forum organised by APS Bank
17 November 2022
The discussion focused on the Voluntary Occupational Retirement Pension SME Chamber Vice President, Michael Galea,...
GRTU has received many complaints from its members about the fines that have been sent by NSO, after not filling the required forms as part of NSOs regular data collection.
Many of our members were startled with these fines mostly because their practice was not to fill it in since this constituted a heavy administrative burden on businesses. NSO has the legal right to impose the fines however this was a practice NSO had stopped using for a good number of years.
In an urgent meeting held with NSO officials, GRTU explained that the forms they send are very bureaucratic and time wasters for businesses and that these forms can be easily avoidable.
GRTU's Director General Vincent Farrugia presented our case very well and therefore they agreed that if the businesses that have received a fine fill in the required forms by the end of January they will consider waiving the fine.
NSO rightly pointed out that the fines were not issued out suddenly, but were issued after several reminders.
We in principle agree that statistics are very important, we however do not agree that businesses are to be burdened when it can be avoided.
Since NSO also agreed that if we work together much of the unnecessary burdens can be avoided they have given us a commitment that we will start tackling this problem immediately and GRTU will do its best to ensure the burdens are tangibly diminished.
GRTU therefore once urges those who have received a fine to comply and fill in the necessary forms.
You are also invited to contact Abigail Mamo @ GRTU in case you should have any questions or would like to discuss the issue in more detail.
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).