News

Tax deadlines for the month of June 2022

The following are the tax deadlines for this month. 30 June 2022 – Submission by employers of Form FS5 for the month of May 2022 together with the relative payment of FSS, national insurance and maternity fund contributions 30 June 2022 – Manual submission of income...

COVID-19 fiscal assistance – Repayment of taxes eligible under the Tax Deferral Scheme

The Ministry for Finance and Employment has released a Press Release in relation to the repayment of taxes that were eligible under the Tax Deferral Scheme which was launched in March 2020. Beneficiaries that have been entitled to benefit under the Scheme shall be...

The Debt Equity Bias Reduction Allowance (DEBRA)

On the 11 May 2022, the European Commission published a proposal for a Directive, whose intended purpose is to reduce the present inequality which exists and which is the result of financing an enterprise through equity financing (thus no tax deductions are...
Long Term residents

Long Term residents

Long term residents are defined by Subsidiary Legislation 217.05 as third country nationals who are granted long term resident status as provided for under regulations 4 to 7 of the said rules.  In 2021, following infringement procedures by the European Commission...

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Tax Deadlines for the month of May 2022

Tax Deadlines for the month of May 2022

The following are the tax deadlines for this month. 31 May 2022 – Submission by employers of Form FS5 for the month of April 2022 together with the relative payment of FSS, national insurance and maternity fund contributions 31 May 2022 – Manual submission of income...

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Tax deadlines for the month of April 2022

Tax deadlines for the month of April 2022

The following are the tax deadlines for this month. 30 April 2022 – Submission by employers of Form FS5 for the month of March 2022 together with the relative payment of FSS, national insurance and maternity fund contributions30 April 2022 – Submission of Form TA24 by...

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Increase in interest and additional tax rates

Increase in interest and additional tax rates

By means of Legal Notice 99 of 2022, the Government of Malta has increased the interest and additional tax rates as follows: With effect from 1st June 2022, the additional tax due by a tax payer on late payment of provisional tax has increased from 0.33% to 0.6%...

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