Welcoming the inclusion of some of its Budget recommendations, the Chamber of Small and Medium Enterprises – GRTU said it had insisted on having measures to help SMEs.

It hailed the decision to amend the law so that VAT defaulters do not end up in jail, the extension of the Microinvest scheme and the increase in funds for research and innovation.

The GRTU also commended the reduction in utility tariffs, the final withholding tax on rental income, the revision of the CVA in Valletta and measures to improve the traffic situation, which it said would impact positively on small businesses.

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