Malta Draft Budget for 2017 includes Incentives for Investment in SMEs and Listed Companies

On 17 October 2016, Malta's Minister of Finance Edward Scicluna submitted the draft budget for 2017 to parliament. The main tax-related measures are in relation to certain investments, including:

• A Risk Investment Scheme tax credit of up to EUR 250,000 for investments in small and medium-size enterprises (SMEs) registered on an alternative trading platform administered by the Malta Stock Exchange;
• An exemption from tax on capital gains from the transfer of shares in newly listed companies on…