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...
In recognition of the fact that the COVID-19 developments may impact the ability of Subject Persons to meet their reporting obligations in a timely manner, the FIAU has announced that: the late submission penalty fee of EUR 100, which would have been applicable in the...
In a press conference held earlier today, the Prime Minister announced that a package of measures will be introduced to address the impact of COVID-19 on the economy. The first set of measures are intended to assist with managing cash-flow and will apply to the sectors most impacted...
The Malta Business Registry has announced that, in view of the current situation, its offices will be closed to the public until further notice. They will however continue to provide services in accordance with the procedures set out below: Registration of documents through online services...
