€33.3m owed in refunds to 11,580 taxpayers

Government owes €33.3 million to 11,850 taxpayers - individuals and companies - in refunds from the Inland Revenue Department, the Finance Minister said in Parliament.

1 February 2011, 12:00am

Finance Minister Tonio Fenech, told the House said that refunds were due to five persons in December 2008, while another 25 persons were owed their refunds in December 2009.

Refunds for 11,820 taxpayers were due last December. The Inland Revenue Department also has to pay €700,000 in interest.

He promised that payments will continue in the coming months.