Required Repayment of Taxes under Malta's Deferral Scheme For COVID-19

Malta's Ministry for Finance and Employment has issued a release in relation to the repayment of taxes that were eligible under the Tax Deferral Scheme that was provided in response to the COVID-19 pandemic. The release provides that taxes deferred under the scheme may be repaid over a period of 30 months beginning June 2022, without interest. If the repayment of deferred taxes is not completed by December 2024, outstanding amounts due will be subject to interest as if the scheme did not app…