Malta's fiscal consolidation regulations come with a variety of compliance obligations. Borg Galea Limited has a dedicated team of knowledgeable tax experts to help your company stay on track with the latest tax matters, and be fiscally responsible.
If you're planning on forming a fiscal unit for your group of companies, you'll need help in:
- Preparing and submitting consolidated financial statements, such as profit and loss accounts and balance sheets for all companies in the fiscal unit for each fiscal year
- Computing taxes for the fiscal unit as a whole and for each company individually
- Comparing tax liabilities to ensure that the companies are not abusing any forms of tax advantage out of their fiscal unit formation.
The obligation to file a tax return for the fiscal unit stays with the principal taxpayer (i.e. the holding company), but we can act as your tax representative. We will take care of the filing, submissions, and payments on your behalf.
We also provide valuable advice on statutory and fiscal obligations that spring from other tax compliance provisions in the Country-by-Country Reporting (CbCr), Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS), and other applicable tax legislation procedures in Malta.