Malta: Personal Income Tax Returns 2015

The Inland Revenue Department is currently sending out the tax returns for basis year 2015 to individuals’ resident in Malta. The tax return must be submitted together with payment by 30th June 2016 in order to avoid fines and penalties. A number of areas of interest have been highlighted hereunder:

• Employment income is to be declared even though tax would have been deducted by the employer. The gross amount and tax deducted must match the FS3 details provided by the employer.
• more on www.ecovis.com/malta…