Extension of Tax Deferral Scheme

Publication Date: Apr 01, 2021

The Commissioner for Revenue has announced the extension of the Tax Deferral Scheme.  Information in this regard is available at: https://cfr.gov.mt/en/News/Pages/2020/Fiscal-Assistance-Postponement-of-Payment-of-Certain-Taxes.aspx

 This arrangement is applicable to Provisional Tax and Social Security Contributions of self-employed persons and Value Added Tax which fall due in August 2020 up to and including December 2021.  The settlement of these eligible taxes will start from May 2022

 One is required to complete and submit an online application form available which will be made available on the Malta Enterprise at https://covid19.maltaenterprise.com/regeneration-initiatives/. Such application is to be made not later than the 15th May 2021. Companies and self- employed persons who have an approved deferral of eligible taxes for March 2020 to August 2020 do not need to re-apply as they will automatically be considered for the extended period until December 2021.

 It is important to note that an approved tax deferral application shall not remove the obligation of beneficiaries to submit documents and returns by the due date as required by law.