Commissioner For Revenue (CfR) Announcements

Guideline in relation to the deadline of reporting of Financial Account information

The CfR has announced that due to the current exceptional circumstances brought about by the COVID-19 pandemic it is increasingly difficult for Reporting Malta Financial Institutions to ensure operational continuity while simultaneously adhering to the reporting obligations as outlined in regulations 30 and 41 of the Cooperation with Other Jurisdictions on Tax Matters Regulations. Consequently, an extension for the submission of the report containing Financial Account information relating to Reporting Year 2019 will be granted, to provide sufficient flexibility to such Reporting Malta Financial Institutions whilst ensuring that there will not be a negative impact on Malta's international commitments in relation to the automatic exchange of Financial Account information. The following shall have immediate effect and shall supersede Section 12.1.1 of the Implementing Guidelines on