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. Link available at:
https://www.gov.mt/en/Government/DOI/Press%20Releases/Pages/2022/05/11/pr220596.aspx
In brief, the Press Release stipulates that:
1. Payments
will have to start being affected as from this June 2022 and end December 2024.
2. There
will be a maximum of 30 equal payments for all this period. If a company/self
employed wants to make any extra payment, that is acceptable but at least one monthly payment has to be made.
3. If the
applicant fails to make a payment, the contract will fall and interest will be
charged as from the first day the
applicant applied for the scheme.
4. During
this period the applicants have to continue to pay any arrears and also the
current tax.
5. CFR
will be holding information sessions with stakeholders to explain this
procedure