On 14 September 2022, Malta issued Legal Notice 228 of 2022 on Income Tax (Rate of Interest) (Amendment) Rules, 2022. Accordingly, the date by which the tax is payable in terms of the relevant provisions of the Income Tax Acts is 31 August 2022 or a later date, interest shall be charged at the rate of 0.6% for every month or part thereof during which the tax remains unpaid and the total interest shall not exceed the amount of the said tax.
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