Insights

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.

The Government of Malta, through Fondi.eu, has introduced three new grant schemes aimed at supporting businesses in their digital transformation and operational expansion. These initiatives—Digitalise Your SME, Digitalise Your Large Business, and SME Enhance—offer non-repayable grants to businesses looking to innovate, improve efficiency, and enhance competitiveness in the digital economy, and supports digital solutions that drive business growth, transformation and resilienc

International Financial Reporting Standards (IFRS) are continuously changing providing better insights for how various types of transactions and events should be reported in the financial statements, enabling businesses to compare financial performance and position across borders. The applicability of IFRS will enhance a true and fair view leading to increased confidence among the stakeholders so it is important to keep up with any changes and developments in IFRS.

The Maltese government has announced significant changes to the Value Added Tax (VAT) system for small and medium enterprises (SMEs), set to

Malta, as a member state of the European Union, has established specific requirements for foreign nationals seeking employment.

Malta, as a member state of the European Union, has established specific requirements for foreign nationals seeking employment.

Group loss relief arises when a company that is part of a group of companies incurs trading losses. Instead of carrying these losses forward

Let’s be honest—there’s a lot of uncertainty surrounding ESG (Environmental, Social, and Governance) reporting right now. Regulations are ev

Malta, known for its strategic location and robust economy, offers a range of investment schemes, grants, and financial incentives to encour

In an era of increased regulatory scrutiny and transparency, substance has become a critical factor in corporate structuring and tax plannin

The European Commission has unveiled its first “ Omnibus ” package, a sweeping set of reforms aimed at reducing sustainability reporting...