Comparative Guides
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Results: 4 Answers
Corporate Tax
6.
Compliance
6.1
What are the deadlines for filing company tax returns and paying the relevant tax?
 
Malta
Tax returns must be submitted to the commissioner for revenue by the later of either nine months from the end of the company’s financial year end or 31 March. An extension to the filing deadline of two or three months, depending on the filing date, is granted to taxpayers that submit their returns electronically.

The tax payment deadline is the tax return date (any extensions granted on filing of the tax return do not apply to tax payments). Certain companies are authorised to pay tax within 18 months of the end of their financial year.

For more information about this answer please contact: Kenneth Camilleri from Chetcuti Cauchi Advocates
6.2
What penalties exist for non-compliance, at corporate and executive level?
 
Malta
Penalties are levied at the level of the company as follows:

Additional tax due for late filing of tax return:
Within six months of due date
Later than six months but within 12 months
Later than 12 months but within 18 months
Later than 18 months but within 24 months
Later than 24 months but within 36 months
Later than 36 months but within 48 months
Later than 48 months but within 60 months
Later than 60 months
50
200
400
600
800
1,000
1,200
1,500

Interest on late payment of tax is charged at 0.54% per month of delay.

For more information about this answer please contact: Kenneth Camilleri from Chetcuti Cauchi Advocates
6.3
Is there a regime for reporting information at an international or other supranational level (eg, country-by-country reporting)?
 
Malta
Yes – a country-by-country reporting regime applies in Malta.

For more information about this answer please contact: Kenneth Camilleri from Chetcuti Cauchi Advocates