Tax and Finance

Contains information on the payee's identity and other information required for income tax purposes, namely:
The gross amount of the emoluments paid in respect of part-time employment and the relevant tax deducted;
The gross amount paid in respect of emoluments arising from any other source and the tax deducted;
The tax, if any, deducted in respect of the payee's outstanding tax liability, as directed by the Commissioner.

This form is to be filled conjointly by employee and employer and establishes the correct tax that is to be deducted through the Final Settlement System method.

This form provides information such as the number of FS3s issued, the gross amount of emoluments paid to the payees in respect of part-time employment and the tax deducted, the gross amount paid to the payees in respect of emoluments arising from other source and the tax deducted, and the total tax, if any, deducted in respect of the payees' outstanding tax liability as directed by the Commissioner.

This payment form is to be lodged by the last working day of the month, following that during which the employer has made payments of emoluments and should include remittance to the Commissioner of the total amount of tax deducted or which should have been deducted.

Deduction from taxable income for individuals who have paid fees for the use of school transport in respect of children under the age of sixteen who attend a Church or private school.

The employer is required to apply on the FB2 form in order to have the private car use value reduced to 0% when the car is solely or mainly used for point-to-point service. A point-to-point service exists when the relevant car is heavily used for business purposes such as in the case when an employee is required to deliver goods or services or provide transport to clients and other employees.

This registration applies to a person (individual, company, or firm) wishing to submit FSS forms electronically over the Internet using the service provided by the Inland Revenue Department. The person may also authorise an employee or official to use this service.

The Grant on the Purchase of Special Equipment will provide support and financial assistance to persons with disabilities and their families in relation to the purchase of special equipment. A definite list of eligible equipment is provided by the respective Government Notice.

In order to reduce the use of plastic containers utilised for bottling water, the Minister for Finance has launched this grant on the purchase and installation of equipment to purify water at home by reverse osmosis or other processes.

This scheme applies to expenditure incurred once only on the purchase price and installation of purifying water equipment for domestic use by the applicant. The grant is only eligible for private individuals (natural persons) that purchase water purifying equipment for use on their residential property.

In order to encourage the use of bicycles and pedelecs (electric bicycles) as means of transport that reduce both pollution and traffic and at the same time encourage physical activity, the Minister for Finance has launched this scheme whereby a once-only grant of 15.25% on the purchase price of a bicycle is granted to eligible applicants.