COVID-19: Payment deadline for deferred taxes

Further to the extension of the tax deferral scheme announced last month, the Commissioner for Revenue guidance has been updated to include the settlement deadline. In terms of the guidance, which was updated earlier today, the eligible taxes are to be settled by 31 October 2020.   source: cfr.gov.mt...

Reduced VAT rate on protective face masks

L.N. 186 of 2020 has amended the Eighth Schedule to the VAT Act (Chapter 406 of the Laws of Malta), adding "protective face masks and visors, excluding diving equipment" to the list of products which are subject to VAT at a reduced rate of 5%....

Suspension of Legal and Judicial Times

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...

Suspension of legal times under the Tax Acts

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...

OECD outlines tax measures to address COVID-19 situation

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...

Budget Measures Implementation Act

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...