CFE Tax Top 5 (4 May 2020)

This week’s edition of the CFE Tax Top 5 looks at the following: OECD Update on International Work Progress; Commission Extends Investigation into the Netherlands’ Tax Treatment of IKEA; EU Member States Raise Inequality Issues in COVID-19 State Aid Measures; European Commission Publishes Proposed Amendments...

FIAU extends REQ submission deadline

The FIAU has announced a further extension to the REQ submission deadline. The new submission deadline is Monday 18th May at 17.00pm. To ease the effects of COVID-19, the late submission fee has been waived. Subject persons who submit the REQ after the 18th of May or...

Amendment to DDTRs

LN 168 of 2020 published on 30 April 2020 amends the Duty on Documents and Transfers Rules, establishing a deadline within which duty refundable in terms of article 62 of the Duty on Documents and Transfers Act must be refunded. The new paragraphs (4) and (5)...

Revised interest rates under the DDTA

Pursuant to LN 167 of 2020 interest under the Duty on Documents Act, save as otherwise expressly provided, shall apply at the rate of 0.33% for every 30 days or part thereof. Interest chargeable in terms of article 35(4)(ii) of the Act (declaration causa mortis) shall apply at the rate of 4% per annum. These...

Tax deferral scheme extended

The Tax Deferral Scheme announced last month has been extended to cover eligible taxes which fall due up to and including June 2020. Click here for the CfR Notice which was updated earlier today. The application to benefit from the scheme is to be made online by...

Corporate Tax Returns YA2020

The Office of the Commissioner for Revenue has announced that the year of assessment 2020 electronic income tax return for companies is now available on the CfR online services. Furthermore, the deadlines for the electronic filing of income tax returns for companies have been extended. This...

Company Tax Returns: online submission deadlines extended

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...

MBR Notice: Register of Beneficial Owners

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...

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