Publications
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Audit and Assurance
Why Auditors prefer to work with neat and organised Working Papers
Auditors often exhibit a keen focus on meticulously crafted Excel documents, thorough documentation, and impeccable organisational skills. For seasoned professionals in the field, these attributes ...
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The importance of a Letter of Engagement for an Auditing firm Introduction
What is the letter of engagement? The engagement letter is one of the most fundamental elements within an audit engagement. It is in fact, the ...
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Audit Confirmation Letters: Everything You Need to Know
The Use of Confirmation Letters During the course of an audit, auditors are required to obtain sufficient audit evidence on the basis of which to ...
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Advisory Services
The Impact of AI and Machine Learning on Healthcare Delivery
Introduction to AI and Machine Learning in Healthcare Health is an important aspect of lifestyles, and countries globally are always trying to deploy cutting-edge technologies ...
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The Future of Healthcare: Predictions and Trends
The Future of Healthcare: Predictions and Trends The healthcare sector urgently needs new tech innovations, and quickly, as inventive minds and financial backers challenge a ...
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Leveraging Technology to Enhance Healthcare Delivery: Overcoming Challenges and Maximizing Patient Outcomes
Introduction to Technology in Healthcare The world has become more integrated with technology and its influence is apparent in almost every aspect of society, and ...
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The Impact, Advantages, and Challenges of Modern Enterprise Resource Planning (ERP) Systems
1. Introduction to ERP Systems Modern ERP systems are evolving and expanding. With developments of new technologies such as cloud computing, mobile applications, and big ...
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The Role of ESG in the Oil and Gas Industry: A Focus on the Middle East
1. Introduction to ESG and its Relevance in the Oil and Gas Sector In recent years, investment strategies have shifted, and capital allocation decisions now ...
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Book-keeping and Accounts
Accounting In Malta, Tips & Tricks
Regardless of how much money a company makes, efficient money management is one of the essential tools for successful businesses. A company’s books are the ...
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Why do I need book-keeping and accounts?
Many small businesses and self-employed individuals question whether they should keep their accounting records up to date like big businesses. The simple answer to this ...
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Malta Publications
Assessing Malta’s Tonnage Tax Regime
The Maritime Sector constitutes a fundamental component of the Maltese economy, with Malta’s entrance into the European Union propelling it to become a leading maritime ...
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A comprehensive guide to Malta’s yacht registration
Much has been said and written in recent years about Malta’s reputable position as one of the largest international ship registers across the globe. Fuelled ...
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The advantages when purchasing and registering a yacht in Malta.
For yacht owners looking for a strategic and advantageous location to register their vessel, the archipelago of Malta in the Mediterranean presents an enticing option. ...
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Customer Due Diligence – Why Does It Matter?
Nowadays, everyone seems to be talking about customer due diligence. In the past couple of years in Malta, we’ve experienced a paradigm shift in the ...
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Typical Maltese Food You Must Try
Maltese cuisine is known for its diverse mix of different Mediterranean cooking, which is influenced by the many countries that have conquered Malta over the ...
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Taxation
Basic Must Know Maltese VAT
Value-Added Tax (VAT) is a transaction-based tax, having nothing to do with how much income one earns in a particular year like income tax. This ...
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Participation Exemption Report
Companies incorporated in Malta are treated as domiciled and residents in Malta and are subject to tax on their worldwide income and capital gains. Therefore ...
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Taxation of Shipping Enterprises in Malta
When determining under which flag administration a vessel is to be registered, fiscal considerations will surely be of crucial importance. European Union Member States took ...
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Minimising Your Tax Burden Through the Full Imputation and Tax Refund Systems in Malta
An Overview of Malta Situated as it is, in the middle of the Mediterranean, Malta is not only a popular tourist destination but also offers ...
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What are the benefits of consolidations?
Congratulations if you have arrived at the stage where you are considering whether you need to consolidate your financial records. This is an important milestone ...
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Updates
I Incurred Tax Outside of Malta
Navigating taxation laws can be challenging, especially when income is incurred outside of Malta. The taxability of an individual or company in Malta is determined ...
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The Tax Treatment of Rental Income
Rental income may be taxed in two ways: Final withholding tax of 15% Taxpayers may opt to pay tax on all rental income at a ...
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Fiscal Unit Tax Payment Deadline
UPDATE – Borg Galea & Associates would like to inform our clients that the tax payment deadline of 18 months following the end of the ...
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Apply for the €10-million Malta Enterprise Grant for Start-up Businesses
Are you a small start-up business looking for government support to help establish and grow your enterprise? The Malta Enterprise Corporation has announced a new ...
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DAC6: Reportable Cross-Border Arrangements
UPDATE – Borg Galea & Associates would like to inform our clients that an update to the DAC6 guidelines has been issued with updates to ...
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