This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).
The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.
The Maltese Government has announced several measures as part of a financial package to help the Maltese economy during the COVID-19 outbreak, mainly aimed at easing pressures on the liquidity of businesses, protecting jobs and helping the most vulnerable during this challenging period.
Deferral of certain taxes due in March, April, May and June 2020
Extension of deadline for FATCA and CRS reporting
On 30 March 2020, the Revenue of Malta issued a deadline extension for FATCA and CRS reporting to 30 June 2020 for the 2019 reporting year.
Extension by the Revenue of the April Provisional Tax payment deadline
On 27th April, the Maltese Revenue has notified that the deadline for the payment of the Provisional Tax for April 2020 has been extended to 31 May 2020.
Reduction of the VAT rate on protective face masks and visors
As from 4th May 2020, the VAT rate on protective face masks and visors was reduced to 5%.
Extension of deadline for income tax return filing
The deadline for submitting the income tax return for year of assessment 2020, has been extended from 30th June to 31 July 2020.