Malta Covid-19 Update

As a consequence of the disruption caused by the COVID-19 pandemic, the Office of the Commissioner of Revenue has approved several extensions to the statutory reporting deadlines.   Tax Deferral Scheme Extension The scheme allowing deferral of taxes due in March and April 2020, is now extended up to and including June 2020. In order [...]
The Government of Malta, after negotiations with the Central Bank and the social partners of the Malta Council for Economic and Social Development, announced on 24th March 2020 a total aid package of €70 million per month. The measures announced are aimed at supporting employers who are struggling to pay salaries and preserving employment of [...]

Tax Payment Deferral Scheme

  In response to the negative effect of the pandemic of COVID-19 the Maltese Government has introduced a number of fiscal measures to support Maltese entrepreneurs.  We outline below the main measures, which are directed at improving liquidity and easing the pressure on cash flow, particularly by way of a tax deferral whereby tax can [...]