Launch of system for businesses to activate their voucher accounts
In the next days businesses will be able to activate their online voucher business accounts. This was revealed by the Minister for the Economy during a press conference earlier today. Information on a 10 simples steps activation process was provided. The voucher system is administered by MIMCOL.
Eligible businesses will first receive a registered letter with details and an activation code which then can be used to activate the business account online through a purposely developed app.
The immediate activation of the voucher business account is of utmost importance for businesses to reclaim any utilised vouchers. The amount of businesses eligible for this measure amounts to 25,000.
Through the use of the app, businesses will be able to receive vouchers from clients where the value of the vouchers redeemed will be transferred to their credit card daily.
Every resident in Malta will receive by registered post, 5 vouchers of €20 each, for a total of €100. Four of these vouchers can be used at Hotels, Accommodation, Restaurants, Bars and Diving Schools. The remaining €20 voucher can be used for retail and services, provided by a large number of businesses, which had to close due to legal notices 76 and 95, published in March of 2020.
Customers will be presenting printed vouchers in denominations of €20. Upon presentation, vouchers must be checked for authenticity under a UV light which will illuminate the voucher. Businesses should not accept vouchers which do not illuminate under UV light.
Businesses are required to use the online digital application, to scan the QR code on each voucher and then scan the VAT receipt associated with the client’s bill. This application can be operated by using a smart phone or tablet connected to the internet. Businesses are obliged to keep all vouchers claimed as they will be required to submit these to MIMCOL for auditing purposes in the coming months.
Further information is available at: https://vouchersmimcol.com