(ROUNDING UP) NOTICE ġ S.L.123.20 1
SUBSIDIARY LEGISLATION 123.20
INCOME TAX (ROUNDING UP) NOTICE
1st January, 1989
 LEGAL NOTICE 110 of 1988.
Title.
Notice.
Rounding up.
(i) in determining the chargeable income of any person
after the 1st January, 1989, disregard any fraction of a
Maltese lira in respect of any source of income, and
round up to one Maltese lira any fraction of a Maltese
lira in respect of any amount representing any
deduction against income or a personal deduction; and
(ii) in determining the amount of tax due by any person
and in allowing any set-offs after the 1st January,
1989, disregard any fraction of a Maltese lira being
equal to or less than fifty cents, and round up to one
Maltese lira any fraction of a Maltese lira exceeding
fifty cents.
