The Malta Government has on the 19th November 2019, published Legal Notice 303 of 2019 which with effect from the 1st January 2020 will reduce the rate of monthly interest on unpaid vat payable in terms of Article 21(4) of the VAT Act from 0.54% to 0.33%.
VAT: reduction of rate of interest
The Malta Government has on the 19th November 2019, published Legal Notice 303 of 2019 which with effect from the 1st January 2020 will reduce the rate of monthly interest on unpaid vat payable in terms of Article 21(4) of the VAT Act from 0.54% to 0.33%.
Written By ACT Team
On November 25, 2019
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How can we help?
For further information, please contact us on [email protected]. ACT can help you understand the changes to the income tax, accounting, corporate and VAT rules and how these can impact your business.
Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria. For an appointment in our Gozo office, please call on +356 21378672 or send us an email on [email protected].
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