The Office of the CfR has announced that the deadlines for the electronic filing of income tax returns for companies have been extended. These extensions apply only to the electronic filing of tax returns, and not to tax payments. Financial Year Ending Manual Return Deadline Web Submission Extension Deadline 31st January 2019 31st March 2020 31/07/2020 28th February...
The Malta Business Registry has issued a notice reminding subject persons that in terms of sub-Regulation 12(2) of the Companies Act (Register of Beneficial Owners) Regulations, they have an obligation to report to the Registrar of Companies any discrepancies they find between the information available...
The office of the CfR has announced that the deadline for the payment of the provisional tax for April 2020 is being extended to 31 May 2020. In view of the COVID-19 situation, the Provisional Tax claims will not be sent by mail. They are being made available on the CFR...
The guidelines on the tax deferral scheme announced last month have been revised. The updated guidelines now clarify that: Persons who have opted to pay VAT under the Mini-One Stop Shop (MOSS) are not eligible for the tax deferral scheme; Beneficiaries of the Scheme who...
Government Notice 389 published on 13 April 2020 sets out the implementing measures of the Wage Supplement Scheme announced last month. The Notice specifies the details of the scheme and its application. With regard to National Insurance Contributions and Taxes, Paragraph 4 of the Notice provides...
The General Provisions applying to the Suspension of Legal and Judicial Times Regulations (LN 141 of 2020) were published on 9 April 2020. Following the publication of the Closure of the Courts of Justice Order, these regulations suspend the running of any time periods specified under any substantive or...
The Suspension of Legal Times (Revenue Acts) Order, 2020 (LN 135 of 2020) was published on 3rd April 2020. The legislation provides for the suspension of time-limits and deadlines arising under the relevant tax legislation in connection with the rights and obligations of the revenue authorities...
The OECD has outlined a number of measures that could be considered by Governments to support businesses in crisis as a result of the COVID-19 pandemic. These are not formal recommendations but suggestions made as part of a broader package of policy suggestions which include those...
Act VIII of 2020 - The Budget measures Implementation Act - was published on 20 March 2020, implementing the key measures announced in October 2019 in the Budget for 2020. The Act amends: Part II:The Customs Ordinance Part III:The Income tax Act Part IV:The Immovable Property (Acquisition by Non-Residents) Act Part...
