Maltese PAYE Portal Open For 2016 Filings
by Jason Gorringe, Lowtax.net, London
20 January, 2017
Malta's Inland Revenue has advised employers that its "Final Settlement System" online platform is now accepting filings for the 2016 tax year.
The Final Settlement System, which replaced the former PAYE system in 1988, ensures that the correct amount of tax is deducted from gross emoluments. It is intended to prevent large refunds.
Employers must register to use the Final Settlement System. They can then download an FSS efiling sheet and submit the relevant data online in respect of their employees' wages.
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