On 4 March 2022, Malta issued Legal Notice 99 of 2022 in the Official Gazette, through which Malta changes the interest rate on unpaid tax and additional tax rate.
The Legal Notice provides the following changes:
- the additional tax shall be charged in an amount equal to 0.6% of the unpaid provisional tax for each calendar month or part thereof commencing on or after 1 June 2022; and
- the interest on unpaid tax shall be at the rate of 0.6% commencing on or after 1 June 2022.