Category: Uncategorized

Smokeless Tobacco Products Excise Duty in Malta Explained

The Maltese government has taken a major step in tobacco regulation by publishing Legal Notice 195 of 2025. This notice amends the Fifth and Sixth Schedules of the Excise Duty Act and introduces excise duty on smokeless tobacco products. As a result, Malta now applies stricter control and taxation measures to products that were previously only loosely regulated.

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Audit Exemption Malta 2025: New Rules for Small Companies

Malta’s new Audit Exemption Rules, introduced under Legal Notice 139 of 2025, mark a significant shift in statutory reporting for small businesses. Designed to reduce compliance burdens while maintaining transparency, the rules introduce clear thresholds that determine when companies need a full audit, a limited review, or no audit at all. From micro-entities to certain shipping companies, these changes present opportunities to simplify reporting — and GCS Malta can guide you through eligibility, compliance, and strategic considerations.

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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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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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Diversity in the workplace

When discussing diversity in the workplace, we mean the representation and inclusion of people from different backgrounds, it includes appreciating the many viewpoints, experiences, and contributions that each employee brings to the table. Here are some key aspects to consider when fostering diversity in the workplace: Educate: Provide workshops and seminars for employees to attend […]

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