Filenews 22 July 2021
The Ministry of Finance announced the extension of the payment extension for (3) VAT tax periods. In particular, payments made on 10/5, 10/6, 10/7 and suspended for 10/8, 10/9, 10/10 respectively shall be extended for 10/10, 10/11, 10/12, respectively provided that the underlying persons comply with their other obligations. It should be stressed that the remaining payments should be made on the specified dates, even if they coincide with the dates of this extension.
Clarifications for suspension of VAT payment requested by the C.E.O. The intention of the Ministry of Finance is to table a bill in the House of Representatives, which will include the above arrangements as well as for not imposing any financial charge or interest on taxable persons who will benefit from the above measure.
Please note that in order for the above arrangement to apply, each taxable person must submit their tax returns in good time, i.e. by 10/08/2021, 10/09/2021 and 10/10/2021, respectively.
It is noted that the regulation under reference will not cover the economic activities presented below.
1. Supermarkets and grocery stores 47.11.1
2. Mines and Quarries 05. up to 09.
3. Forestry and Logging 02.
4. Satellite and other telecommunications services 61.
5. Electricity generation 35.
6. Production of chemicals, products, metals and other non-metallic products 20,23,25.
7. Production of medicinal products and medicinal products 21.
8. Manufacture of electrical equipment, machinery and electronic machinery for medical and therapeutic use 27,28,26.6
9. Repair and installation of machinery and equipment 33.
10. Water supply, wastewater treatment, waste management and related 36,37,38,39.
11. Financial and insurance activities, including Licensed Banking Institutions and related activities 64,65,66.
12. Doctors 86.
13. Construction sector and related enterprises 41,42,43.
14. Wholesale related to the construction sector 46.63,46.73,46.74
15. Wholesale trade in motor vehicles and motorcycles, as well as maintenance, manufacture and repair of motor vehicles and similar activities and related undertakings 45.
16. Trade agents 46.11 to 46.19
17. Wholesale trade in tobacco, perfumes and cosmetics, furniture, carpets, electronic & telecommunications equipment & accessories, electrical household appliances, radio & television, computer, peripheral computer equipment and software, porcelain articles, glassware and cleaning materials and related enterprises 46.21,46.35,46.43,46.44,46.45,46.47,46.51,46.52
18. Non-specialised wholesale trade in food, drink and tobacco 46.39
19. Programming, computer and related activities 62.
20. Hospital Activities 86.1
21. Nursing homes 87.30.1
22. Pharmacies 47.73.1
23. Trade in medical, orthopaedic and pharmaceutical products 47.74
24. Lotteries and newspapers 47.99.5.47.99.6
25. Land and water transport, storage, postal activities 49,50,52,53.
26. Private health enterprises and clinical laboratories 86.10.2.86.21.2.86.22.1.86.23.2.86.90.1
27. Home assistance activities and household activities as domestic staff employers 87,97.
28. Film production and related activities 59.
29. Funeral home activities and related activities 96.03
30. Veterinary Activities 75.
31. Head office activities, management advice and related activities 70.
32. Legal, accounting and architectural activities 69,71.
33. Cleaners 96.01
34. Fuel Sales Stations 47.3
35. Services in relation to immovable property 68.
36. Protection and research activities as well as services activities in buildings and outdoors 80,81.
37. Rental and rental of personal or household items, machinery and equipment 77.
Source: Eyenews/PIO
