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Author name: Natalia Fletcher

What IFRS 18 Means for Your Financial Reporting

Unlocking Uniformity: What IFRS 18 Means for Your Financial Reporting

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The International Accounting Standards Board (IASB) has issued IFRS 18: Presentation and Disclosure in Financial Statements, a new standard that will replace IAS 1 with effect from 1 January 2027, although earlier application is permitted. This represents one of the most significant developments in financial reporting in recent years and is designed to enhance clarity, […]

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Understanding Income from Sports-Related Activities in Malta

Understanding Income from Sports-Related Activities in Malta

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An Overview of the Rules, Tax Implications, and Reporting Obligations As part of its ongoing effort to professionalise the local sports industry, the Maltese government has introduced a new, simplified tax regime for individuals earning income from sports-related activities. Legal Notice 147 of 2024, which came into effect in June 2024, outlines a dedicated tax

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Malta Introduces 15% Flat Tax Regime for Senior Family Office, Back Office and Treasury Executives

Malta Introduces 15% Flat Tax Regime for Senior Family Office, Back Office and Treasury Executives

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Effective 1 January 2025, Malta is introducing a competitive tax regime designed to attract senior professionals engaged within family offices, back-office structures and treasury management operations. Established through Legal Notice 250 of 2025 under Article 56(21) of the Income Tax Act, the initiative strengthens Malta’s positioning as a prime jurisdiction for international wealth management and

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Malta Introduces 15% Final Income Tax Without Imputation

Malta Introduces 15% Final Income Tax Without Imputation

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A New Elective Corporate Tax Regime Malta has introduced a significant new corporate tax option through the Final Income Tax Without Imputation Regulations, 2025 (Legal Notice 188 of 2025). The regime, applicable from the basis year 2024, allows companies and bodies of persons to elect to be taxed at a flat rate of 15% on

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The Malta Transfer Pricing Rules

The Malta Transfer Pricing Rules

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Transfer pricing (TP) is a pivotal consideration for multinational enterprises (MNEs) operating in Malta, influencing how profits are segregated across different jurisdictions. With Malta’s commitment to international tax standards, recent legislative developments have introduced formal TP rules that businesses must understand to ensure compliance and optimise tax efficiency. Malta has formalised its TP framework through

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How to Choose the Right Accounting Firm for Your Maltese Business

How to Choose the Right Accounting Firm for Your Maltese Business

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Selecting the right accounting firm is essential for ensuring compliance, optimising operations, and supporting your company’s growth. Whether you need help with audit, taxation, or accounting services, these tips will guide you in choosing the ideal partner in Malta. 1. Define Your Needs Identify the services you require—statutory audits, tax compliance, bookkeeping, payroll, or strategic

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Changes to VAT Rules for Small Undertakings in Malta

Changes to VAT Rules for Small Undertakings in Malta

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Introduction As of January 1, 2025, Malta has introduced significant changes to its VAT rules for small undertakings through Act XXXVIII of 2024 and several legal notices. These amendments aim to streamline VAT obligations, align with EU directives, and ensure compliance with updated financial thresholds. Key Legislative Changes The primary legislative updates include: New VAT

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