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Malta Postponement of Payment of Certain Taxes in Response to COVID-19

Malta's Commissioner for Revenue has published details on the postponement of payment of certain taxes in response to COVID-19. The details were updated as of 25 March 2020 and include the postponement of eligible taxes due in March and April 2020 without interest or penalties, including Provisional tax, Employee taxes, maternity fund payments and social security contributions, social security contributions of self-employed persons, and Value Added Tax (VAT).

Eligible taxes (excluding VAT) are to be settled in four equal monthly installments in the four-month period between May and August 2020. VAT is to be settled in two equal instalments in the two quarterly returns immediately following the quarter deferred.

Eligible beneficiaries include companies and self-employed persons that suffer a significant downturn in their turnover as a result of the economic constraints arising from the COVID-19 pandemic. Without prejudice to the right of each enterprise to prove a "significant downturn in turnover" in its specific circumstances, it is noted that a drop of circa 25% or more in sales registered would certainly satisfy this condition.

Companies and self-employed persons not adversely hit are advised and encouraged not to avail themselves of the postponement scheme. Companies and self-employed persons that have failed to comply with their tax obligations (submission of documents / returns and payments) falling due by 31 December 2019 are specifically excluded.

To benefit from postponement, applications should be submitted via the Malta Enterprise website by 15 April 2020.

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