Are there any transitional social security measures to mitigate the impact of COVID-19?

Yes. Firstly, under Decree 23/2020, of 27 April 2020, local economic operators affected by the impact of the Covid-19 can benefit from the following facilities and incentives:

  • customs:

Economic operators will be granted an early exit authorization in connection with the import of products to prevent and treat COVID-19 until 31 December 2020. Imports must be regularized within 90 days.
Economic operators need to submit an affidavit of responsibility to the proper Customs Services to be able to enjoy this prerogative.

  • tax:
  1.  general release from the obligation to make payments on account in May, July and September 2020;
  2.  deferment of the special payment on account that should be made in July, August and October 2020 to January, February and March 2021; and
  3.  taxable persons holding VAT claims will be able to offset such claims against other tax liabilities charged by the Tax authorities until 31 December 2020.

In order to benefit from the facilities set out in paragraphs (1) and (2), taxable persons must:

(a) have had a turnover not exceeding MT 2,500,000.00 in 2019;

(b) have their tax affairs in order; and

(c) submit a duly reasoned application in accordance with the regulations that will be issued by the Minister for Finance.

Note that the payment of taxes on the import of food, medicines and other essential goods will be settled later, on terms to be defined;

 

 

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This information is being updated on a regular basis.

All information contained herein and all opinions expressed are of a general nature and are not intended to substitute recourse to expert legal advice for the resolution of real cases.