Customs and Excise Tax Act and the Value Added Tax Act, 1994) (ln_2012_212) | MT

Malta Government Gazette — Legal Notice 2012 212 · Gazzetta tal-Gvern ta’ Malta Nru. 18,931 - 18.06.2012 — Customs and Excise Tax Act and the Value Added Tax Act, 1994)

Preamble — Customs and Excise Tax Act and the Value Added Tax Act, 1994) Open official source

L.N. 212 of 2012

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax (Remittance of Interest and Administrative

Penalties incurred under the Value Added Tax Act, 1998, the

Customs and Excise Tax Act and the Value Added Tax Act, 1994)

(Amendment No. 2) Regulations, 2012

IN exercise of the powers conferred by articles 21, 42 and 75 of

the Value Added Tax Act, the Minister of Finance, the Economy and

Investment has made the following regulations:-

Malta Government Gazette — Legal Notice 2012 212 · Gazzetta tal-Gvern ta’ Malta Nru. 18,931 - 18.06.2012 — Customs and Excise Tax Act and the Value Added Tax Act, 1994)

Reg. 1 — Customs and Excise Tax Act and the Value Added Tax Act, 1994) Open official source

(1) The title of these regulations is the Value Added Tax Citation and

(Remittance of Interest and Administrative Penalties incurred under commencement.

the Value Added Tax Act, 1998, the Customs and Excise Tax Act and

the Value Added Tax Act, 1994) (Amendment No. 2) Regulations,

2012, and these regulations shall be read and construed as one with

the Value Added Tax (Remittance of Interest and Administrative S.L. 406.18

Penalties incurred under the Value Added Tax Act, 1998, the Customs

and Excise Tax Act and the Value Added Tax Act, 1994) Regulations,

hereinafter referred to as "the principal regulations".

(2) These regulations shall be deemed to have come into force

on 1st June, 2012.

Malta Government Gazette — Legal Notice 2012 212 · Gazzetta tal-Gvern ta’ Malta Nru. 18,931 - 18.06.2012 — Customs and Excise Tax Act and the Value Added Tax Act, 1994)

Reg. 2 — Customs and Excise Tax Act and the Value Added Tax Act, 1994) Open official source

In sub-paragraph (b) of paragraph 9 of the Annex A of the Amends

paragraph 9 of

principal regulations, immediately after the words "VAT evasion or Annex A of the

fraud" there shall be added the words "and where the remittance principal

regulations.

would concern administrative penalties and interest incurred pursuant

to assessments raised by the Commissioner or voluntary disclosures

by the registered person in relation to that conviction".

Malta Government Gazette — Legal Notice 2012 212 · Gazzetta tal-Gvern ta’ Malta Nru. 18,931 - 18.06.2012 — Customs and Excise Tax Act and the Value Added Tax Act, 1994)

Reg. 3 — Customs and Excise Tax Act and the Value Added Tax Act, 1994) Open official source

Immediately after paragraph 10 of Annex A of the Adds new

principal regulations, there shall be added the following new paragraph

Annex A of the

paragraph

principal

regulations.

"11. Notwithstanding the provisions of paragraph 4 of

this Annex, the Commissioner may allow a registered person to

qualify for remittance under the scheme where in his opinion

the failure on the part of that person to qualify for remittance

was due to a reasonable excuse

Provided that the Commissioner shall not allow any further

extensions beyond 31 July 2012, which date is considered final

for the purposes of allowing registered persons to qualify for

remittance under the scheme

Provided further that where a registered person is so

allowed to qualify for remission, the Commissioner shall

determine new dates for payments in respect of the option under

paragraph 5 of this Annex.".

€0.18

Customs and Excise Tax Act and the Value Added Tax Act, 1994)

Statutory Text (4 Articles)

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