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Extension of deadline for submission of Financial Account information for Reporting Year 2019

The Office of the CfR has announced an extension to the deadline for the submission of the report containing Financial Account information relating to Reporting Year 2019.

The provisions of Section 12.1.1 of the Implementing Guidelines on Automatic Exchange of Financial Account Information [Version 2], which provide reporting deadlines of 30th March and 30th April, have been superseded by the following:

In line with regulations 30, 41 and 45 of the Cooperation with other Jurisdictions on Tax Matters Regulations, Reporting Malta Financial Institutions must report the information specified in Section I of Annex I to the Regulations by not later than 30th June 2020 in relation to Reporting Year 2019.

It is within the responsibility of the Malta Reporting Financial Institution to submit the required information within ample time prior to the deadline to ensure a successful submission. Failure to submit the required information by the specified deadline will result in imposition of penalties in terms of Regulation 44(1)(d) of the Regulations.

 

This changes applies for Reporting Year 2019 only.

 

Source: cfr.gov.mt
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