Payment of PT rules – Change in additional tax on unpaid provisional tax

The Malta Government has on the 19^th November 2019, published Legal Notice 304 of 2019 which amends the Payment of Provisional Tax Rules. A new proviso to Rule 14(1) provides that in respect of periods commencing on or after 1 January 2020, additional tax due in relation to late payment of provisional tax shall be charged at the rate of 0.33% of the unpaid provisional tax (instead of 1%) for each calendar month or part thereof.