Category: News

Payroll Adjustments For Year 2023

Cost of Living AdjustmentFull Timers:     Eur 9.90 per weekPart Timers:    Eur 0.25 per hour Minimum WageAged 18 years and over – € 192.73 per weekAged 17 years – € 185.95 per weekAged below 17 years – € 183.11 per week Public & National Holidays for the year 2023:  Vacation Leave EntitlementAn employee with a 40-hour working week is […]

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Which companies in Malta are required to prepare audited financial statements?

The short answer to this question is that under Maltese law, all companies are required to prepare a set of audited financial statements, the full answer, however, is slightly more complicated.The primary objective of an audit engagement is for an opinion to be expressed on the presented financial statements of a company reflecting the results […]

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DFK Malta – Budget 2023

In the Budget for 2023 which was presented by the Minister of Finance and Employment Clyde Caruana on 24 October 2022, the Government has renewed its social and economic emphasis in light of the recent challenges brought about by the increasing inflation, in particular the increasing energy costs in the EU. During his speech, the […]

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Support for Initial Investment Projects

The new Malta Enterprise Invest scheme aims to sustain the regional industrial and economic development of Malta by facilitating initial investments through the setting up of new establishments, expansion of existing facilities, and diversification of existing businesses. Support may be awarded through loan guarantees, interest rate subsidies, cash grants, and tax credits. The support is aimed […]

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Request by the MBR for the provision of an email address for each Company

 Dear esteemed clients,Kindly note that following a notice issued by the Malta Business Registry every Company is now required by virtue of Article 69(1)(d) of the Companies Act to indicate in its Memorandum the electronic mail address of the Company.The relative notice is reproduced here in English and Maltese –https://mbr.mt/2022/07/06/advise-to-companies-to-provide-adequate-electronic-mail-address/Such an address shall be utilised […]

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European Funds for Digitalisation and Energy Efficiency Projects

The Recovery and Resilience Plan (RRP) for Malta addresses the need for a strong and immediate recovery. Reforms and investments in the plan are aimed at making Malta more sustainable, resilient and better prepared for the challenges and opportunities of green and digital transitions. Malta will invest €35 million from the EU Recovery and Resilience […]

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DFK welcomes new executive director!

A Malta-based firm has welcomed the appointment of a major international accountant as executive director at its global association. DFK International, a top ten global association of independent accounting, tax, and business advisory firms, has announced the appointment of Bill Wright as its Executive Director and Chief Executive Officer, a move welcomed by DFK Malta. […]

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Tax Credits for Micro Enterprises and the Self-Employed

Tax Credits for Micro Enterprises and the Self-Employed Micro enterprises and self-employed persons may benefit from a tax credit equivalent to 45% of eligible expenditure (subject to certain conditions). An additional bonus of 20% (total 65% tax credit) applies to undertakings operating from Gozo. For an eligible cost to be claimed the costs must be incurred between 1st January […]

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