By virtue of Legal Notice 228 of 2022, interest on unpaid income tax has increased to 0.6% per month. The new rate applies as of the 01st of September 2022. This implies that the annual interest rate on unpaid tax has been increased to 7.2%.
Similarly, in the case of unpaid VAT, Legal Notice 227 of 2022 has increased the interest rate on unpaid VAT to 0.6% per month, implying an interest rate of 7.2% per annum.
For further information, please contact:
Level 3, Suite C,
Triq is-Salib tal-Imriehel
Central Business District
Birkirkara
CBD3020
Malta
Email us on:
[email protected]
Call us on:
(+356)
20142300