COVID-19 – Malta Financial Aid Package And Measures

The Commissioner for Revenue has announced further details relative to the Tax Deferral Scheme announced last week (read more HERE) through a News Item entitled: COVID-19 Fiscal Assistance – Postponement of Payment of Certain Taxes, supplemented by a new Guideline and relative application form since uploaded onto the Malta Enterprise website.

Guidelines

Companies and self-employed persons that suffer or have suffered a significant downturn in their turnover as a result of the economic constraints arising from the Covid-19 pandemic can benefit from this tax deferral scheme.

Companies and self-employed persons which have failed to comply with their tax obligations (submission of documents / returns and payments) falling due by the 31st December 2019 are, however, specifically excluded from this beneficial measure.