A revised version of the shareholder registration online
application has just been made available on the CFR (Commissioner
for Revenue) website for online Income Tax Services. The changes are mainly
the additions of 2 new change types which may be summarised as
follows:
1. Disclosure of Ultimate Beneficial Owners
This change type caters for circumstances where revisions in BO
structures are needed in terms of the notice issued by CFR on 27th
March 2020 (relative to the requirement of disclosing online the
direct and indirect beneficial owners of the shareholders/s
registered for refund in terms of Rule 6 of the Tax Refunds
and Registration Procedure Rules). Where the respective BO
disclosures have been done, the relative online submissions
submitted to date are still considered valid. In order to cater for
circumstances of shareholding structures with numerous beneficial
owners, 300 additional lines have been added in part C of the
application titled 'Details of
