Taxpayers may benefit from a restructuring of the following principal tax liabilities:
- Liabilities outstanding as at 31 March 2020
- liabilities declared by taxpayers or imposed by the tax authorities after 1 April 2020 and relating to tax periods ending prior to 31 March 2020
- liabilities with payment deadlines between 21 March and 31 March 2020
Restructuring is also available with respect to (i) any principal budgetary liabilities and late payment interest charges and fines imposed by authorities other than the tax authorities; and (ii) to fines of any kind referred to the tax authorities for collection after 1 April 2020.
The new deadline for submissions of notifications of intention to restructure is 30 September 2020, while the deadline for submissions of applications for restructuring is 15 December 2020.
In order to take advantage of this facility, taxpayers must have settled any budgetary liabilities arising between 1 April 2020 and the date of submission of their application for restructuring.
Source: GEO no. 90/2020 for modifying GEO no. 6/2019 regarding tax facilities and for updating other pieces of legislation
