By means of Legal Notice 99 of 2022, the Government of Malta has increased the interest and additional tax rates as follows:
With effect from 1st June 2022, the additional tax due by a tax payer on late payment of provisional tax has increased from 0.33% to 0.6% for each calendar month. With effect from the same date, the rate of interest payable on late payment of tax due will also increase 0.33% to 0.6% for each calendar month.
For further information, please contact us on [email protected]. ACT can help you understand the changes to the income tax, accounting, corporate and VAT rules and how these can impact your business.
Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria. For an appointment in our Gozo office, please call on +356 21378672 or send us an email on [email protected].
