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Extension of the Income Tax Return deadline for year of assessment 2020

Extension of the Tax Return deadline for y/a 2020

The Revenue has notified an extension of the deadline for filing the income tax return for year of assessment 2020 to 31 July 2020 due to COVID-19.

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A notice has been published on the Revenue’s website on 2 June notifying that the deadline for submitting the income tax return for year of assessment 2020, is being extended to 31 July 2020 due to COVID-19.  

In the absence of details, it is presumed that such notice applies to the filing of personal tax returns, i.e. the tax returns of individuals for basis year 2019, that is statutorily due by 30 June 2020. The electronic filing deadline of corporate tax returns has already been extended through a separate notice, although such extension does not apply to the payment of tax and to the filing of corporate tax returns manually.

In addition, today’s notice does not specify whether the extension will also apply to the payment of income tax due by individuals for year of assessment 2020. According to the notice, more updates will follow. 

Should you have any queries or wish to discuss further, please send an email to covid@kpmg.com.mt.

Extension of the Income Tax Return deadline for year of assessment 2020

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

© 2020 KPMG, a Malta civil partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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