News & Events

General Data Protection Regulation

The General Data Protection Regulation (GDPR) is the European Union (EU) regulation governing the collection, processing, use and storage of any individual’s personal data originating in the EU (citizens, residents and visitors, as well as EU citizens living abroad. It applies to all organisations around the world, regardless of where they operate. The GDPR will […]

Notional Interest Deduction

The aim of the notional interest deduction ‘NID’ is to approximate the tax treatment of debt and equity financing. The rationale underlying such deduction is to approximate/harmonise the tax treatment of debt and equity financing as traditionally from a Maltese tax point of view debt financing has often been regarded as a more efficient way […]

GAPSME: Financial Reporting Framework

The EU Single Accounting Directive 2013/34/EU has brought about the introduction of the ‘General Accounting Principles for Small and Medium-Sized Entities’ (GAPSME) which has become Malta’s default accounting framework for small and medium-sized entities (SMEs) for financial reporting periods starting on or after 1st January 2017, succeeding and replacing the prior accounting framework, the ‘General […]