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Amendment to COVID19 Fiscal Measures guidelines

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 do not have quarterly VAT periods must settle the VAT due in the period covered in two equal instalments as follows: (i) for VAT due in March 2020, by 15th June 2020 and 15th September 2020; (ii) for VAT due in April 2020, by 15th July 2020 and 15th October 2020.

The updated guidelines can be viewed here.