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COVID-19: Emergency Measures in Malta | Update 27

Administrative Notices

  1. Office of the Prime Minister: Further relaxation of COVID-19 measures
  2. Commissioner for Revenue: Deadline for the submission of the Income Tax return is being extended to 31 July 2020
  3. Commissioner for Revenue: New Electronic Forms in real time
  4. Malta Business Registry and Commissioner for Revenue: Re-opening of MBR Office and ICTU Front Office
  5. FIAU: Amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations, (S.L. 373.01)
  6. Central Bank of Malta: Notice to amend Directive 16 on Borrower-Based Measures, related to COVID-19
  7. Issue of Gozo Back Office Employment Refund Scheme 2020
  8. Issue of Gozo Business Relocation Scheme 2020

Administrative Notices

1. Office of the Prime Minister: Further relaxation of COVID-19 measures

During a conference held on 1 June, the Prime Minister has made the following announcements:

  • As of 5 June, all remaining restrictions placed on commercial establishments will be lifted.
  • A stimulus budget will be announced on 8 June.
  • The airport will reopen as of 1 July, with respect to 19 destinations.
  • The vulnerable may return to work, and child care centres will reopen too.
  • Church functions will be allowed as of mid-June, subject to certain precautions.
  • Protocols which have been put in place will be simplified.
  • Mass activities will nonetheless not be permitted.

Source

2. Commissioner for Revenue: Deadline for the submission of the Income Tax return is being extended to 31 July 2020

The Commissioner for Revenue has issued a notice providing that the deadline for submitting the Income Tax return for the Year of Assessment 2020 (i.e. covering the calendar year ended 31 December 2019) is being extended to 31 July 2020 due to COVID-19. More updates are expected to be issued.

Source

3. Commissioner for Revenue: New Electronic Forms in real time

The Commissioner for Revenue notifies that as from 1 June 2020, the below new services will be launched for persons in business: 

  • PE Registration Form;
  • PE Deactivation Form;
  • PE Reactivation Form;
  • VAT – Change in Register; and
  • VAT – Maintain Economic Activity.

Requests will be processed in real time. Further information has been made available here.

4. Malta Business Registry and Commissioner for Revenue: Re-opening of MBR Office and ICTU Front Office

The Malta Business Registry and the Commissioner for Revenue have both issued notices informing the public that MBR offices and the front office that processes share transfer documents for income tax and duty purposes, which is housed within the premises of the Malta Business Registry, will re-open to the public on 1 June.

Source & Source

5. FIAU: Amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations, (S.L. 373.01)

The FIAU have issued a notice informing interested parties that a series of amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations, (S.L. 373.01) (PMLFTR) were published via Legal Notice 214 of 2020. These amendments seek to address the technical compliance shortcomings within the PMLFTR that were identified by MONEYVAL assessors during the 5th Round Mutual Evaluation of Malta. Other minor amendments have also been made.

A description of the amendments is available here.

6. Central Bank of Malta: Notice to amend Directive 16 on Borrower-Based Measures, related to COVID-19

The Central Bank of Malta has issued a notice providing for the easing of a number of restrictions, as follows:

  • Directive 16 specifies that those who wanted to buy a second property (Category II buyers) with financing from credit institutions would have to make a minimum 15% down payment until 30 June 2020. The amount was due to increase to 25% as from 1 July 2020 – but this is now being postponed by a year to 1 July 2021. The buyers in the category affected by this extension are mainly those who are not first-time buyers, and those who already have a primary residence.
  • The Bank has also temporarily eased restrictions on the maximum extent of the permitted repayment burden by borrowers set at 40% in the Directive. This limit is being relaxed for a period of six months, provided that the borrower can demonstrate that the exceeding of this limit is temporary. This concession is totally at the discretion of the lender.

Further information may be accessed here.

7. Issue of Gozo Back Office Employment Refund Scheme 2020

The Gozo Back Office Employment Refund Scheme 2020 provides aid to Employers in the form of partial reimbursement of salaries for full-time work, on a minimum 3 year contract:

  • of newly employed staff as from 1 January 2020, carrying out back office operations based in Gozo; or
  • of staff already employed with the undertaking but, as from 1 January 2020, carrying out back office operations based in Gozo.

The aid will be capped per employee (up to €2,900 annual reimbursement, depending on the employee’s wage) and per undertaking (up to €35,000 per single undertaking).

More information may be accessed here.

8. Issue of Gozo Business Relocation Scheme 2020

The Gozo Business Relocation Scheme provides aid to business operators which engage a minimum of 10 full-time employees within the first month in the form of a partial reimbursement of expenses incurred on the relocation of business-related equipment and material to Gozo and a financial grant serving as an establishment package relieving the operator from expenses related to starting-up functions in Gozo.

The aid will be based on the number of employees engaged within the first month of operations, up to a maximum reimbursement rate of 40% and a maximum grant of €3,750.

Business operators which engage less than 10 employees but more than 5 employees may still benefit from the scheme but their eligibility is at the discretion of the Ministry for Gozo.

More information may be accessed here.

Previous Emergency Measures