Tax

In a complex economic and regulatory environment, our tax practice continued to adapt and lead. We enhanced our capabilities across corporate tax, regulatory, and managed services, aligning our work with our purpose and values. 

We track and interpret developments in areas including Pillar II, ESG, Transfer Pricing, EU Tax developments, and the evolving VAT landscape, to be able to support you, our clients, to the best of our abilities.  

Our commitment to technology-driven transformation has continued to deepen in 2025. We continue to embed automation and artificial intelligence (AI) across our tax and regulatory services, streamlining processes and enhancing the quality and speed of our work. AI-powered tools now support many of our service offerings, and our teams are upskilled in the latest GenAI accelerators, ensuring we deliver actionable insights and efficient, audit-ready solutions for clients. 

From a client events perspective, the highlight of the year was the biennial VAT conference, which returned with a future-focused theme: “Unlocking the VAT code: Mastering VAT in a dynamic landscape.” Attendees explored the latest local and EU VAT developments, from the SME Directive and gaming industry insights to director responsibilities and the impact of CJEU rulings. 

In addition to the VAT conference, we hosted and participated in a series of targeted sessions throughout the year, including webinars on revised VAT rules for small undertakings and various sector-specific briefings. 

2025 marked a significant evolution in Malta’s transfer pricing landscape. The new rules, effective from 1 January 2024, now require additional disclosures in the 2025 income tax return, focusing on cross-border arrangements. We invested in growing our team and collaborating with the PwC global network to help clients navigate these new requirements. We support clients in preparing robust Master and Local Files, ensuring compliance with both local regulations and OECD guidelines.  

The publication of Malta Vision 2050 marks a bold step in the nation’s long-term planning. This strategic framework sets out ambitious goals for sustainable economic growth, digital transformation, and social well-being, with clear milestones for 2035 and 2050. 

Our active participation in Malta’s leading professional bodies - the Malta Institute of Accountants (MIA), Malta Institute of Taxation (MIT), and Institute of Financial Services Practitioners (IFSP) - remains a cornerstone of our practice. Through these memberships, we contribute to policy consultations, deliver accredited training, and help shape the future of the profession.