The Tax Department has announced extensions for the submission of returns and payment of VAT.

According to an official announcement, an extension has been granted for the submission of the VAT Return and payment of the VAT due for the period ending 30 November 2024, as well as for the submission of the INTRASTAT declaration for December 2024, until 14 January 2025.

In addition, the Department states that the submission of the VAT Return and payment of the VAT due for the period ending 30 November 2025, the submission of the Recapitulative Statement (VIES) for the period concerning December 2025, as well as the submission of the declaration and payment of the flat-rate VAT amount under the Special Scheme for Urban Taxis for the second half of 2025, have been extended until 20 January 2026.

The Tax Department points out that late submission of VAT returns is subject to a €100 penalty.

Furthermore, it is reminded that late payment of VAT due incurs an additional tax of 10% on the outstanding VAT amount.

It is also noted that:

• Late submission of the INTRASTAT declaration is subject to a €15 penalty

• Late submission of the Recapitulative Statement (VIES) carries a €50 penalty

• Late submission of the Urban Taxis Special Scheme declaration incurs a €51 penalty,
  as well as an additional tax of 10% on the amount due under the Special Scheme for Urban Taxis