What is Public CbCR?
Public CbCR is an EU transparency initiative requiring certain multinational groups to publicly disclose selected tax related and business information on a country-by-country basis. This includes, among other items, revenues, profits or losses, income taxes paid, and employee numbers.
The rules apply to groups with consolidated revenues of at least €750 million in two consecutive financial years.
Public CbCR obligations are separate from, and in addition to, the existing country-by-country reporting filings made confidentially with tax authorities.
When does Public CbCR apply in Malta?
In Malta, the EU Public CbCR Directive has been transposed into the Companies Act and applies to accounting periods starting on or after 22 June 2024.
A Maltese entity may fall within scope where:
The €750 million revenue threshold is met at group level.
The Maltese entity is classified as medium or large under the Companies Act.
Who has the reporting obligation?
The reporting and publication obligations depend primarily on where the group’s ultimate parent entity (UPE) is located:
Given these alternatives, groups with non-EU parents should carefully assess how responsibilities are allocated across EU entities.
Key deadlines
The Public CbCR report must be published and filed within 12 months from the end of the relevant financial year.
For groups with a financial year running from 1 July 2024 to 30 June 2025, the first deadline would be 30 June 2026.
How can we help?
We can support your organisation at each stage of the Public CbCR process, including:
If you would like to discuss how the Public CbCR rules apply to your group or require assistance with your Maltese obligations, please get in touch.
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