Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 11 SEPTEMBER 2025

The 2025 Audit Exemption Rules

WH Partners
WH Partners
Contributor
WH Partners

WH Partners

We are a law firm with a strong focus on assisting businesses fuelling the digital economy. We have...

View firm profile
Explore more from WH Partners

The 2025 Audit Exemption Rules L.N.139 of 2025, repealing the Audit Report Waiver and Deduction Rules S.L.372.29, introduce new rules for newly incorporated companies...

MaltaAccounting and Audit
Anton Vella Laurenti
Anton Vella Laurenti
Author LinkedIn connections

The 2025 Audit Exemption Rules L.N.139 of 2025, repealing the Audit Report Waiver and Deduction Rules S.L.372.29, introduce new rules for newly incorporated companies and for companies falling under the Companies Act and the Merchant Shipping Act. Such companies may now benefit from an audit exemption subject to certain conditions. These rules are effective for accounting periods starting on or after 1 January 2024, except for Rule 6, which applies to accounting periods starting on or after 1 January 2025.

Rule 3 – Eligibility

A newly incorporated company shall benefit from an audit exemption for the first two accounting periods provided that:

  • Sole shareholders are individuals.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Same NPC, Different Rules: How A Player’s Age Changes Their Responsibilities Under The AI Act

The EU AI Act's Article 50 introduces age-dependent disclosure requirements for AI-powered NPCs in video games, creating a new compliance framework where the same generative character may require explicit labeling in one context but not another. This provision intersects with emerging consumer protection regulations and child safety standards, fundamentally changing how gaming studios must assess their AI implementations based on actual player demographics rather than abstract user models.
PolandTechnology
WH Partners
WH Partners
Article

EU AI Act: The Latest Compliance Checkpoint

The EU AI Act's transparency obligations became enforceable on 2 August 2026, requiring providers and deployers of AI systems to clearly disclose AI-generated content, inform users of AI interactions, and label deepfakes. Organizations must now navigate new compliance requirements including disclosure obligations for emotion recognition systems and content on matters of public interest, while facing potential fines of up to €15 million or 3% of global turnover for non-compliance.
European UnionTechnology
WH Partners
WH Partners
Article

EU Reaches Compromise On PSD3 And PSR: Tighter Harmonisation, Crypto Rules And Stronger Consumer Transparency.

The European Union has reached a compromise on the Payment Services Directive 3 (PSD3) and Payment Services Regulation (PSR), introducing sweeping changes to harmonise payment rules across Member States. The package addresses fragmentation under PSD2 by migrating conduct-of-business rules into directly applicable regulations, while introducing new provisions on cash access, cryptocurrency payment services, fraud liability, and open banking.
European UnionTechnology
WH Partners
WH Partners