Malta personal income tax compliance obligations

Deloitte Malta Tax Alert

Deadline approaching

In terms of Article 10 of the Income Tax Management Act (ITMA), the Commissioner for Revenue (CfR) may, by written notice, request any person to furnish him with an income tax return, together with the relevant information and documents required to calculate such person’s Malta tax liability. Also such person is also obliged to include a computation of their Malta Income tax payable for the relevant year of assessment.

In the case, that a person chargeable to tax in Malta has not received the above mentioned notice from the CfR, such person is still obliged to submit a Malta income tax return to the CfR, unless excluded from this obligation.

On this basis and unless excluded from such filing obligation in terms of Article 12 or Article 12A of the ITMA, individuals are required to file their personal Malta income tax return on an annual basis.

The Malta income tax return applicable for individuals, for the period 1 January 2016 up to the 31 December 2016 is to reach the Malta Inland Revenue Department (IRD) by no later than 30 June 2017 (31 July 2017 for electronic submissions). Any Malta tax due in relation to the above mentioned period should be paid by the 30 June 2017.

In the event that the Malta income tax return does not reach the Malta IRD by the dates stipulated above the CfR may issue a tax statement based on estimated amounts and fines and interest may be incurred.

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