Category: Uncategorized

audit graphic

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.

Read More

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 […]

Read More
graphic for IFRS 17 blog. image includes notepad, calculator and money notes

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 […]

Read More
Diversity in the workplace

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 […]

Read More
Deferred Taxation

Deferred Taxation

Deferred tax typically results in a liability being recognised within the statement of financial position. IAS 12 defines a deferred tax liability as the amount of income tax payable in future periods regarding taxable temporary differences. So, in simple terms, deferred tax is the tax that is payable in the future. Temporary differences are differences […]

Read More
TikTok, marketing strategy

TikTok – How to create a successful marketing strategy

Creating a successful corporate TikTok marketing strategy requires a slightly different approach than other platforms. We listed steps to help you develop an effective corporate TikTok marketing strategy: Recognise your target audience on TikTok by learning about their interests and demographics. Although most of TikTok’s users are young, it’s still essential to determine whether your […]

Read More