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...
Vince Farrugia as a member from Malta representing Maltese enterprise owners at the European Economic and Social Committee (EESC) presented two important Reports for which he was responsible as Rapporteur. The first Report was on e-procurement on the Commission consultation taking the form of a Green Paper which seeks the views of interested parties on how the EU can help Member States to speed up and facilitate the procurement process.
E-procurement refers to the use of electronic communication and transaction processing by government institutions and other public sector organisations when buying supplies and services or tendering public works. The paper yesterday got the green light form the Single Market Production and Consumption (INT) Section with the following votes: 37 in favour, 0 against and 0 abstentions.
Same success was achieved today on the report on removing cross-border tax obstacles for EU citizens which was voted with 78 in favour, 0 against and 0 abstentions by the Economic and Monetary Union, Economic and Social Cohesion (ECO) Section. The Commission Communication outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions. When individuals move or work or invest abroad, they can encounter double taxation and other difficulties such as in claiming tax refunds and in obtaining information on foreign tax rules.
In July these Reports will go for the approval of the whole Plenary which is the Parliament of the Social Partners and Civil Society according to Lisbon. In a special social event to mark the occasion the GRTU Director General was congratulated by Henri Malosse, President of the Employers Group at EESC. It is not so common that a Member has two Reports on separate themes and related to the work of two different Directorate Generals of the EU Commission and approved by two different and important Sections like INT and ECO within 24 hours and with a unanimous vote.
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).