“Local and international regulatory, tax and economic developments, as well as the COVID-19 pandemic, continued to play a significant role during the year under review. We have continued to empower our team to combine their skills with technology to better serve our clients’ needs, realities and transactions and to deliver sustained outcomes and build trust.“
Highlights of the year
Our tax practice continues to strengthen and develop to better face the new challenges brought about by economic, fiscal and regulatory developments which impact both our services and our clients’ needs.
On a local and international fiscal level, we continue following developments in various initiatives, some of which, like DAC 6 and fiscal consolidation, resulted in compliance obligations for the first time during the year under review. At the same time, we continue to follow international tax developments, particularly the OECD Pillar One and Pillar Two, to be able to adequately support our clients.
The regulatory landscape, particularly in the financial services sector, continues to develop. Our regulatory team has been enhanced to better support our clients’ needs, particularly in the field of anti-money laundering and prevention of financial crime.
Also on the regulatory front, our Company Administration Services offering is now regulated by the new Corporate Services Providers Act. We have enhanced the management team supporting these services with the appointment of Francesca Fenech as Director and the promotion of two new senior managers.
From a clients’ events perspective, the highlight of the year was a very successful “VAT’s Next?” conference where experts from the PwC network joined our team to guide delegates through recent VAT-related developments and the challenges expected in the coming months and years.
Spotlight on our people
Our Tax practice brings together over 112 experts and support staff in tax services, legal, regulatory, compliance and company administration services to serve our diverse range of local and international clients. We acknowledge that, today, our clients’ challenges are complex and require something more than they expected. By bringing together a mix of skills, experience and technology, we seek to provide them with sustained solutions.
Technology and innovation remain critical, and we have continued to invest heavily in automating our processes to allow our people to focus less on mundane tasks, and more on the delivery of a high-quality service.
At the same time, continued fiscal and regulatory developments have increased the need to continue investing and enhancing the skills of our main asset - our people. We have, therefore, also continued to invest heavily in technical training to help our people to keep abreast of the numerous developments and to enhance their respective specialisations.
Contact us
