Malta Chamber of SMEs participates during SMILES final conference
17 September 2021
The final conference gives important recommendations for the future of EU Semester from SMEs’ perspective...
Following an information session held by FIAU and the Ministry of Finance, hosted by GRTU to its members from various sectors, GRTU opened a two-week consultation period to its members. The main scope of the proposal is to set a limit upon cash transactions which is being suggested to be at €10,000 for cases of both single transactions as well as transactions which appear to be linked. Any such transactions above this threshold would be considered illegal and penalties duly applied.
GRTU appreciates this positive initiativewhich is aimed at combating tax evasion and money laundering as well as incentivising the shift towards other safer and more contemporary methods of payment such as online transactions. GRTU has however put forward a feedback document highlighting the following concerns:
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).