In line with its continuous efforts to refine the Company Service Providers (“CSP”) framework, the MFSA has introduced a new category: Restricted Company Service Providers (RCSPs). Who qualifies as an RCSP?Individuals who act as a director and/or company secretary on an occasional basis, not “by way of business”, that is, they regularly provide these services. […]
We would like to bring to your attention an important update regarding the Urgent Family Leave Entitlement, which came into effect on 4 April 2025. This change introduces an increase in annual leave allocation and revised conditions for usage, aimed at offering better support for employees facing urgent family situations.For further information please click here.
As industries continue to evolve and businesses face new challenges, access to funding becomes increasingly vital for digital transformation, efficiency improvements, and sustainable development.New EU-funded grant schemes are now available to promote business growth and encourage digital transformation across Malta and GozoFor further information please click here.
Applications for the Micro Invest scheme are now open! Self-employed individuals and micro and small enterprises can benefit from a tax credit of up to 45% on eligible expenses incurred in 2024.The deadline of 26th March 2025 applies for any eligible expenditure incurred from 1 January 2024 to 31 December 2024 by self-employed individuals. On the other […]
As part of the government’s budget announcement for the new year, several significant payroll changes have been introduced that will affect both employees and employers in 2025. These changes include adjustments to tax brackets, increases in minimum wage, and updates to social security and pension contributions.These payroll adjustments will be effective as from 1st January […]
DFK Malta’s Director of Accountancy & Advisory, Daniel Borg, recently took on the LifeCycle Challenge in Africa, an inspiring test of endurance and resilience. Covering thousands of kilometres, the challenge raised funds and awareness for renal patients. We caught up with Daniel to learn more about his journey, the cause, and what this experience means […]
Season’s Greetings from DFK Malta!As the holiday season approaches, we would like to extend our warmest Christmas wishes to each of you.Office Closure Notice:Our office will be closed from Monday, December 23rd, 2024, to January 2nd, 2025 (inclusive), as we take this time to celebrate and recharge for the year ahead. We’ll be back and […]
A co-operative is a unique, member-driven business model where individuals come together to meet common economic, social, and cultural goals. Whether it’s a worker co-operative, a retail co-operative, or an educational co-operative, the possibilities are vast. In Malta, you need at least five members to form a co-operative. Here’s how to register:1. Draft a statute: Define […]
Several Business Enhance funding schemes, offering EU funding to Maltese businesses, are approaching their final application cut-off date of 31st December 2024. Grants ranging from €4,000 to €500,000 are available to support various business needs, including investments in machinery, equipment, and digital solutions such as hardware and software to enhance efficiency and innovation. Startups can […]
The Budget for 2025 was presented by the Minister of Finance and Employment Clyde Caruana on 28th October 2024.The Budget introduced changes to personal tax bands, enhanced the benefits to pensioners and the incentives to families and vulnerable persons, whilst also addressing specific economic sectors.This publication highlights the fiscal, social, and economic measures presented to […]