Increase in interest and additional tax rates

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 1^st 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.