ARTICLE · 25 AUGUST 2020

Tax Deferral - Updated Revenue Notification

KPMG Malta

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On 14 July 2020, the Revenue updated the initial notification published last March to extend the Tax Deferral Scheme for certain taxes until the end of August.

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KPMG Malta

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Updated Revenue notification on the Tax Deferral Scheme for provisional tax, SSC of self-employed persons and VAT falling due by the end of August.

On 14 July 2020, the Revenue updated the initial notification published last March to extend the Tax Deferral Scheme for certain taxes until the end of August. The extension had been announced by Government last June during the presentation of Malta's Economic Recovery Plan.

The extended deferral applies to provisional tax, social security contributions of self-employed persons (i.e. Class 2 contributions) and Value Added Tax which fall due in March up to and including August 2020 (previously June 2020). Eligible taxes are to be settled by the 31 May 2021 (formerly 31 October 2020).

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