The extension of the amnesty (capping interest and penalties to 5% for the tax years before 2008) till 31October 2012 was voted in Parliament.

In addition,

1. the submission of the 2010 Income Tax Declaration for Companies (IR4), was extended up to 31 May 2012 without penalties and

2. the submission of the  2010 Income Tax Declaration for Self Employed Individuals (IR1) who prepare audited accounts was extended up to 30 April 2012 without penalties.

For further requirements please contact our tax department at info@istosglobal.com