Author: jessica

New_Accounting_Trends_For_2023

Guidance Note on the Taxation of Insurance Businesses Following the Adoption of IFRS 17 Insurance Contracts Rules

Introduction In 2017, the International Financial Reporting Standard 17 (IFRS 17) was introduced, replacing IFRS 4. IFRS 17, titled “Insurance Contracts,” establishes comprehensive principles for recognizing, measuring, presenting, and disclosing insurance contracts. It applies to annual reporting periods beginning on or after January 1, 2023. The standard aims to provide more relevant and faithful information […]

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The Malta 2025 Budget Highlights

The Malta 2025 Budget Highlights were published on the 28th of October 2024. This year’s budget brings forward impactful changes for businesses, families, and the creative sector, fostering growth, innovation, and support across our community. From tax updates and housing schemes to education and creative grants, these highlights are set to drive opportunity and sustainability […]

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New_Accounting_Trends_For_2023

Guidance on Article 14(1)(m) ITA

The Commissioner for Tax and Customs has announced that L.N. 229 of 2024, which amends the Income Tax (Deductions) Rules (S.L. 123.07) concerning deductions for capital expenditure on intellectual property and rights, was published on 13 September 2024. These amendments will be effective for the year of assessment 2024. Additionally, a guidance note on Article […]

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