COVID 19 – Fiscal Assistance Measures – deferred taxes payment deadline

The Office of the Commissioner for Revenue (CfR) has updated the notice on the Tax Deferral Scheme to include the deferred tax payment deadline.   Eligible taxes which fell due in March and April and those which will fall due in May and June 2020 must be settled by not later than the 30th of June 2020.  Eligible Taxes […]

Written By Stephen Balzan

On May 26, 2020
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The Office of the Commissioner for Revenue (CfR) has updated the notice on the Tax Deferral Scheme to include the deferred tax payment deadline.   Eligible taxes which fell due in March and April and those which will fall due in May and June 2020 must be settled by not later than the 30th of June 2020.  Eligible Taxes include provisional tax, employee taxes, maternity fund payments and social security contributions, social security contributions of self-employed persons and Value Added Tax.  

The objectives of the tax deferral scheme were to improve the liquidity of businesses by easing pressures on their cash flow arising from the economic impact of the coronavirus pandemic as well as to encourage the retention of employees by affected business.

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].