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Malta Defers Tax Payment Deadlines In Response To COVID-19

by Ulrika Lomas, Tax-News.com, Brussels

30 March 2020


In response to the coronavirus outbreak, the Maltese Government has announced deferrals for the payment of a number of taxes.

The announcement impacts provisional tax, employee taxes, maternity fund payments, social security contributions, social security contributions from self-employed persons, and VAT that is due in March and April.

With the exception of VAT, these taxes will now be settled in four equal monthly instalments between May and August. VAT due will be settled in two equal instalments, with payment for March and April said to be due in line with the due dates for the two quarters' VAT returns.

No interest or penalties will be charged in respect of taxes deferred.

The eased deadlines will apply to those companies or self-employed persons whose turnover falls by 25 percent or more as a result of COVID-19.

The Government said "companies and self-employed persons who are not adversely affected by the crisis are encouraged not to avail of the scheme. Ideally, their taxes should continue to be paid every month and on time."

Companies and self-employed persons that failed to comply with their tax obligations (submission of documents / returns and payments) falling due by December 31, 2019, are specifically excluded.

Applications for deferral can be made on the Malta Enterprise website. Applications should be made no later than April 15.

TAGS: compliance | tax | business | value added tax (VAT) | tax compliance | Malta | tax incentives | interest | employees | tax authority | social security | tax breaks | penalties

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