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...
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...
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...
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...
This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Considers Leniency for DAC6 Reporting Deadlines; OECD: COVID-19 an Opportunity for Digitalisation; EU Tax Academics Call for EU Solidarity Taxes; OECD Publishes Taxing Wages 2020 Report; Albert Rädler Medal 2019:...
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...
As the 30 April submission deadline for the TA22 (payment of tax - part-time self-employed) and TA24 (payment of 15% tax on rental income) draws near, the Office of the CfR has issued a notice informing taxpayers that: Payments can only be made at Malta...
On 22 April 2020 CFE Tax Advisors Europe submitted an Opinion Statement to the European Institutions seeking leniency in the enforcement of penalties concerning the EU Directive on mandatory disclosure rules (“DAC6”). CFE Tax Advisers Europe is a Brussels-based association representing European tax advisers. The Members...
