As from January 2021 the methodology of how the wage supplements are being calculated has been significantly revised.
Whereas before wage supplements were granted in accordance to the NACE code of businesses, now wage supplements will be calculated in accordance to the losses incurred during COVID-19.
The level of support is being worked out on the difference in turnover for the 6 months from March till October 2019 vis a vis that declared in the 6 months from March till October 2020. This will be ascertained from the submitted VAT declarations and this information will be derived by Malta Enterprise through the agreement reached with the VAT department.
Calculation of wage supplements will follow the below scheme :