On the 2nd June 2020, the Commissioner for Revenue issued a notification extending the deadline for the submission of the Income Tax Return for the Year of Assessment 2020. In light of the COVID-19 crisis, the said deadline has been extended to the 31st July 2020. More information is expected to follow.
Back in April 2020, the Ministry for Finance and Financial Services had announced the extension of the tax deferral scheme to additionally cover taxes owed up to June 2020. This essentially means that eligible businesses have been given the opportunity to avail of an aggregate four-month postponement of their VAT, provisional tax and employee taxes […]
The Commissioner for Revenue (“CfR”) has published a notice to self-employed persons, outlining the social security implications attached to the COVID-19 Wage Supplement. Social Security Implications for Self-Employed Persons Self-employed persons whose businesses have been adversely impacted by the COVID-19 crisis have been able to avail of the Government’s contribution by way of basic wage […]
In furtherance to the announcement made by Economy Minister Silvio Schembri, the Covid-19 Wage Supplement Scheme, which was due to expire on the 30th April 2020, has been extended to cover an additional two months. Employees will therefore continue to benefit from a basic wage cover for the months of May and June 2020 under […]
With great pleasure we announce that Camilleri Preziosi has been shortlisted for the International Tax Review (ITR) European Awards 2020 and is a contender for the esteemed ‘Malta Tax Firm of the Year Award.’ At the heart of these nominations and awards, which have been taking place annually since 2005, lies the recognition of the […]
In a notice issued on the 23rd of April 2020, the Commissioner for Revenue (“CfR”) has made an announcement relative to the submission and payment of the TA22 regarding tax at the rate of 15% on income derived from Part-Time Self-Employment, and the TA24 regarding the tax at the rate of 15% on Rental Income. […]
On the 27th of April 2020, the Commissioner for Revenue has announced an extension to the deadline for payment of provisional tax due on the 30th April 2020. To this end, provisional tax must now be settled by the 31st May 2020. It is to be noted that owing to the COVID-19 pandemic, the provisional […]
Camilleri Preziosi has contributed the Maltese chapter of the Aviation Finance & Leasing 2020 guide by the International Comparative Legal Guides. The guide, authored by Steve Decesare and Krista Ellul, covers matters relating to aviation finance and leasing under Maltese law, ranging from registration to enforcement and repossession. Click here to read article.
An additional number of wide-ranging measures have been launched by Malta Enterprise to assist businesses in countering the economic impact of COVID-19. Other social and economic measures will be launched according to the circumstances and needs arising in the coming weeks. The measures which are currently available, include the following: 1. Business Development and Continuity […]
In terms of Article the 13 of the Excise Duty Act (the “Act”), the Minister for Finance and Financial Service is empowered to make certain regulations for the better carrying out of the Act, including regulations relative to the time or times within which, and the manner in which, excise duty arising in accordance with […]