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PwC Malta has launched a series of webinars with the aim of supporting the local business community in responding to the economic impacts of COVID-19.
Our PwC experts delivered our first COVID-19 webinar session relating to employment and other workforce considerations in the current business environment as at 26 March 2020
Our PwC experts delved into the tax measures and other incentives introduced by the Government as at the last week of March 2020
As the COVID-19 response evolves, organisations started experiencing significant operational, financial and liquidity challenges. In order to ensure these challenges can be addressed, the number one concern aired by our clients has been how they can manage their cash pressures to ride out the crisis.
Businesses are having to re-think their business strategy or implement actions especially by offering their products or services through an e-commerce facility, or diversifying their activities to mitigate against the repercussions due to COVID-19. Our PwC experts explain the schemes available at the beginning of April 2020 both in terms of EU Grants for SMEs and Malta Enterprise Schemes to aid enterprises at this time of need.
The COVID-19 outbreak has rapidly changed the way many employees work and the way businesses operate - increasing online. Without appropriate considerations, this could fundamentally increase the risk of cybersecurity attacks. The likelihood and impact of cyber attacks are increasing and cybersecurity good practices may fall by the wayside as organisations become more technology-dependent than ever.
We've all seen COVID-19 in statistics and numbers, but what impact does the COVID-19 outbreak have on a reporting entity's numbers? Assessing the going concern assumption, whether COVID-19 is an adjusting or a non-adjusting event after the reporting period, and identifying the potential impacts on an entity's financial records are highly judgemental areas.
On 20 March 2020 several measures announced previously in the Malta Budget 2020 speech were enacted through the Budget Measures Implementation Act, 2020 ("Budget Act"). Our PwC Tax team discusses and breaks down these measures.