The Office of the CfR has informed MIT Members that for Year of Assessment 2020, the deadline for the filing of the income tax return by a principal taxpayer in respect of a fiscal unit is being extended to 28 February 2021.

In addition, with respect to fiscal units not entitled to the tax payment deadline of eighteen months following the end of the accounting period, the deadline for the payment of settlement tax with respect to Year of Assessment 2020 is being further extended to 28 February 2021.

Fiscal Unit Registration and Technical Guidelines

As previously notified, the Office of the CfR has issued guidelines to the Consolidated Group (Income Tax) Rules, which provide guidance on the registration process and also clarify some technical matters in relation to the Rules. The latest version of the guidelines can be accessed here.

Tax Consolidation FAQs

The Malta Institute of Taxation will be compiling an FAQ document on the Consolidated Group (Income Tax) Rules, for circulation to members.

We invite MIT members to submit any questions or points requiring clarification to cto@maintax.org, so that they may be considered by the MIT's Direct Tax Committee when preparing this document.