On 9 February 2021, the Department of Taxation issued an announcement in respect of Law 5(1)/2021 concerning the payment of VAT due in respect of the tax periods ending on 31 December 2020 and 31 January 2021. The law permits some categories of VAT registered persons to make payment of any VAT due relating to […]
On the 4th December 2020, the Council of the European Union (the ’Council’) adopted its position on first reading of amendments to Directive (EU) 2017/1371 (the ‘PIF Directive’). The amendments follow summer discussions with the European Parliament, and they are expected to be adopted in their current form by the Parliament before the end of […]
Parliament grants further payment extension for VAT amounts suspended as part of Covid 19 business cashflow relief measures.
On 30 October 2020 Parliament passed amending law 147(1)/2020 relating to the due date for payments of VAT which had, under measures introduced in March 2020, been deferred until 10 November 2020. The law relates to VAT payable which arose for VAT periods ending on 29 February 2020, 31 March 2020 and 30 April 2020. […]