In Malta, all companies are required to keep proper accounting records and to prepare an annual return in the prescribed format to be made up, upon each anniversary of its registration.
Companies are also required to file a copy of the annual accounts with the Malta Financial Services Authority (MFSA). These must generally be accompanied by a copy of the auditors’ report thereon together with the directors’ report.
The annual accounts must be filed within 10 months from the financial year end. Accounting records are to be kept for a minimum period of 10 years at the registered office of the Company or at such other place as the Directors of the company may determine from time to time.
The format of the accounts to be submitted depends on the size of the company and the accounting framework to be adopted by such company.