The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that the Tax Amnesty and National Insurance Amnesty introduced by the Finance Act 2024, which expired on December 31, 2024, will be extended to January 31, 2025. In this regard, the necessary Orders to extend the deadline will be published by tomorrow, Friday, January 3, 2025, and be retroactive to December 31, 2024.

The public is reminded that the extended Tax Amnesty covers penalties and interest in relation to the following unpaid taxes for previous years and the year of income ending December 31, 2023: