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PT1 Form with payment to be submitted to IRD by 29th April 2016

PT1 Form with payment to be submitted to IRD by 29th April 2016

All taxpayers and other persons who are obliged to pay their Provisional Tax and their Social Security Contributions Class 2 (self-employed & self occupied status) for the period January to April 2016 should have received their PT1 Form from the Inland Revenue Department.  The PT1 Payment Slip with the appropriate payment of tax and SSC (National Insurance Contributions) is to reach the Inland Revenue Department in Floriana by the 29th April 2016.  Failure to meet this deadline will attract additional tax and additional SSC.

The number of social security contributions due for this period is 17.  If your PT1 Form does not indicate the appropriate Social Security Rates Click here for rates for Basis Year 2016.  This social security rates for 2016 are established on the income earned during the basis year 2015 (with certain conditions).

 Need Help to check and fill in your PT1 or your PT Reduction Form? Contact us on: +356 21430100  If you feel that the Estimated Provisional Tax for 2016 as established by the Inland Revenue Department on your PT1 Form is excessive, then you may be entitled to reduce the Provisional Tax payable by filling in the appropriate PT Reduction Declaration Form.  Reducing the provisional tax excessively may attract fines and interest.

If you believe that you should have received your PT1 Form, you should contact immediately the Inland Revenue Department on: +356 22962296.

For more information on how we can assist you on your taxation matters, link to our dedicated services pages:
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2 thoughts on “PT1 Form with payment to be submitted to IRD by 29th April 2016

    • Yes you can pay your provisional tax and social security contributions in different ways. You may pay by cheque and send the form with the cheque by post. You may pay cash at the Cash Office at the Inland Revenue Department in Floriana. You may also pay online using the Government Payment Gateway or through Internet Banking. The unique payment reference found on the PT1 Form should be used with all online payments.


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