VAT news tagged as "Interest"

Malta

Malta improves late VAT payment regime

March 16th, 2014

The Maltese VAT authority is to lessen fines on late VAT payers, and improve communications with taxable persons looking to bring their non-compliant affairs up-to-date. The daily penalty for late returns and payments of €15 will be scrapped.  The late penalty interest will be reduced from 9% to 6.5%.  There will also be a maximum …