The Budget Implementation Act, 2025 (the "Act") introduces amendments to the Income Tax Act, the Income Tax Management Act, the Duty on Documents and Transfers Act, and the VAT Act. Most changes take effective from the date of publication unless stated otherwise.
Malta is positioning itself as a platform to enable entrepreneurship and businesses to prosper and achieve their international ambitions. With a high ratio of AI startups to residents and a supportive environment for innovation, Malta offers a unique opportunity for businesses looking to expand in the tech sector. The country's strategic geographic location, robust regulatory framework, and government support make it an attractive destination for tech startups and investors.
Starting January 2025, small businesses can enjoy VAT exemptions on cross-border EU trade without multi-jurisdiction registrations.
The Covid -19 pandemic gave rise to yet another ongoing pandemic, the challenge of proper waste management. It is evident that during such turbulent period, health considerations took precedence over anything else, and this led to an exponential increase in single-use products, in an effort to reduce and control contamination. However, this is not sustainable in the long-term, and the authorities are still focusing on encouraging people to move away from single-use products.
A survey shows that 76% of the Maltese population are willing to avoid the use of cash after the pandemic.
The impact of COVID-19 on the local economy and the opportunities for development of the after the pandemic.
This webinar focused around Malta’s situation when it comes to open spaces and green infrastructure. The panel consisted of Ms Michelle Borg, Unit Manager at the Planning Authority; Dr Elisabeth Conrad, Senior Lecturer at the Institute of Earth Systems at the University of Malta; and Perit Sandro Valentino, an Architect based in Valletta.
This panel tackled the environmental impacts of Covid-19 in Malta.
The spread of the COVID-19 pandemic has brought new challenges for families across Malta, as a result of school closures, social distancing, and teleworking.
The economic implications and repercussions brought on by the COVID-19 global pandemic are deep and far-reaching, affecting the economy of virtually every nation on earth. The virus has caused severe disruptions across numerous sectors from both the demand side and the supply side. The analysis presented in this report is the result of a survey that was conducted between Tuesday 9th June and Friday 19th June, during which 491 valid responses were collected.
As a result of COVID-19 entities are generally expecting to experience significant declines in revenue and decreases in progress of delivery of performance obligations for long-term contracts. These declines in revenue may arise from decreases in volume and changes in variable consideration.
As the impact of a novel strain of coronavirus (COVID-19) continues to unfold around the world, those individuals responsible for preparing financial statements and approving them for issue need to be cognisant of not only what has happened and is happening at the reporting date and the time the financial statements are approved, but also what is likely to happen next.
The EU Single Accounting Directive 2013/34/EU which substituted the Fourth and Seventh Directives on both individual and consolidated financial statements, introduced a new set of financial reporting requirements.
The COVID-19 pandemic is having a tremendous impact on the world’s economy. Many businesses are struggling to stay afloat and doing whatever they can right now to rationalise costs and preserve any cash surpluses they have in order to bridge future cash flow needs. Around the world, governments are stepping in to try and limit the impact of the pandemic by providing financial support in numerous ways from direct cash payments through to the deferral of tax payments.
The economic implications and repercussions of the COVID-19 global pandemic are deep and far-reaching, affecting the economy of virtually every nation on earth.
The COVID-19 pandemic is upending the carefully calibrated logistics of global shipping and highlighting long-standing concerns.
As the impact of a novel strain of coronavirus (COVID-19) continues to unfold around the world, those individuals responsible for preparing financial statements and approving them for issue need to be cognisant of not only what has happened and is happening at the reporting date and the time the financial statements are approved, but also what is likely to happen next.
COVID-19: Financial Reporting and Disclosures, identifies key financial reporting areas that entities need to consider when determining the impact on their business, and on the results, financial position and disclosures in their financial statements.
Governments and tax authorities are scrambling to keep pace with the increasing digitisation of the global economy and public outcry over the levels of corporate tax being paid by large multinational enterprises.
