Malta: Payment of taxes deferred under tax deferral relief program (COVID-19)

Payment of taxes deferred under the tax deferral relief program adopted in response to the coronavirus (COVID-19) pandemic

Tax deferral relief program (COVID-19)

The Ministry for Finance and Employment issued a press release setting out the timing for the payment of taxes deferred under the tax deferral relief program adopted in response to the coronavirus (COVID-19) pandemic.

The tax deferral program was launched in March 2020 initially for a two-month period, but it was later extended until the end of December 2021.

The press release states that beneficiaries of the program will be able to pay the deferred taxes over a 30-month period, starting June 2022 and ending December 2024. During this period, interest on the deferred taxes will be suspended.

Read a May 2022 report prepared by the KPMG member firm in Malta

 

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