MP Ian Castaldi Paris will have to pay around €300,000 in overdue taxes and penalties following a probe into his fiscal affairs found hundred of thousands in undeclared income.
Times of Malta confirmed that Castaldi was handed a repayment agreement by tax authorities in recent weeks after months of talks. The agreement comes after the notary was probed by the Tax Compliance Unit after concerns were raised by a local bank two years ago.
Insisting the he was the subject of a standard audit covering the years before he was elected, he also said that he paid taxes every year and did not start paying tax because he decided to contest elections.
Castaldi was asked whether he informed the Parliamentary Speaker of his updated financial position as is obliged, with the MP responding that there was no need to inform the speaker of anything.
‘I have been an MP since May 2020 an my parliamentary declaration of assets always reflected the truth, so there is nothing to inform the speaker about’ve said. Times of Malta checked with parliament earlier this month, discovering that his filings had not yet been updated.
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Photo Source: Ian Castaldi Paris FB