Insights

On 11th September 2025, the AG issued its opinion on VAT cases that could have had an impact on how point systems (used a lot by supermarkets) are presently treated for VAT purposes:

In any business, the relationship between shareholders and the company is more than just financial—it’s structural. Shareholders influence key decisions, help shape corporate strategy, and play a vital role in holding management accountable.

Accounting has recently undergone a major transformation, the digital transformation. Once known for paper ledgers, spreadsheets, and manual processes, the field is now embracing automation, artificial intelligence, and real-time data tools. This is not just changing how accountants work, it's reshaping how businesses operate and make financial decisions.

On 4th August 2025, the European Supervisory Authorities (ESAs) published JC 2023 18, a fully consolidated Q&A on the Sustainable Finance Disclosure Regulation (SFDR) and its Delegated Regulation. Bringing together over 80 Q&As from both the European Commission and the ESAs, the document clarifies long-standing grey areas and sets a stricter tone on data, definitions, and disclosures.

In July 2025, Residency Malta Agency issued an important update regarding the Malta Permanent Residency Programme (MPRP). The clarifications cover essential aspects of eligibility, financial documentation, property requirements, and compliance. For applicants and licensed agents alike, the message is clear: expectations are rising, and transparency is non-negotiable.

In January 2025, the Maltese government published a revised Labour Migration Policy aimed at better aligning Malta’s economic priorities with its workforce requirements.

In a recent address to Parliament, Finance Minister Clyde Caruana announced a significant crackdown on tax evasion in Malta. Backed by new legislation and enhanced enforcement tools, the government is taking an uncompromising stance on non-compliance, with Caruana warning that the government will come down on tax evaders “like a ton of bricks.”

With effect for accounting periods starting on or after 1 January 2024 (and, for existing companies, 1 January 2025), Malta’s Legal...

Understanding the distinction between capital allowances and accounting depreciation is crucial, as it directly impacts tax planning, financial reporting, and decision-making. Whilst depreciation affects company profits, capital allowances impact a company’s tax liability. 

Personal tax return season always serves as a refresher of Lesson 1 in Maltese tax law: The distinction between trading and capital gains. With the increasing number of individuals who venture into the stock and crypto markets, having a sound grasp of how profits and gains are taxed in Malta is an essential part of both traders' and investors' considerations when entering and closing a position. 

Malta, a small Mediterranean island nation, offers a competitive personal tax regime designed to attract both residents and foreign investors. With its strategic location, favourable climate, and English-speaking environment, Malta has become an increasingly popular destination for expatriates and digital nomads. Understanding how the personal tax system works is essential for anyone considering working, living, or investing in the country.

Internal controls are essential for organizations to manage risks, safeguard assets, and ensure accurate financial reporting while maintaining compliance with applicable laws and regulations. They consist of policies, procedures, and practices implemented across the business to achieve these goals.

Money laundering is the process of hiding the origin of illegally gained money by passing it through legitimate financial transactions, making the proceeds look legitimate.

The IASB has introduced IFRS 18, ‘Presentation and Disclosure in Financial Statements’, a new standard replacing IAS 1.  While IFRS 18 retains many of IAS 1’s principles with minor adjustments, it does not impact the recognition or measurement of financial statement items. However, it may change how entities report their operating profit or loss.

Malta, as a member state of the Partial attribution is a method used by businesses to figure out how much VAT (Value Added Tax) they can get back when they buy things for their company.

Management accounts play a pivotal role in the strategic decision-making process for businesses. These accounts provide vital insights into a company's financial health, helping managers to make informed decisions. However, simply generating management accounts is not enough. Understanding the key factors that influence them and developing strategies that optimise business operations is crucial for maximising profitability and efficiency.