Guide to IFRS 17 Tax Rules for Insurance Businesses
Introduced in 2017, IFRS 17 replaces IFRS 4 and standardizes how insurance contracts are reported. Effective from 2023, it improves clarity and comparability of financial statements.
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 […]
VAT exemption for Counselling and Dental Services
L.N. 228 of 2024 has revised the Fifth Schedule to the VAT Act to expand the scope of VAT exemptions related to health and welfare. The revisions include the provision of medical care by professionals regulated under the Counselling Profession Act and the Psychotherapy Profession Act, as well as the supply of services by […]
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 […]