On 5 January 2026, the OECD released long-awaited administrative guidance on the “Side-by-Side” system (SbS system) under the Pillar Two global minimum tax rules. The 88-page guidance package introduces four new safe harbours, extends the transitional Country-by-Country Reporting (CbCR) safe harbour and implements the SbS system agreed by the G7 and the US on 28 June 2025.

Accounting principles/financial statements – IAS/IFRS/General Accounting Principles for Smaller Entities (GAPSE).Financial statements must be prepared annually.

In this latest in our series looking at Malta, our local Head of Accounting explores its attraction to investors.

Malta has concluded over 80 double tax treaties with major trading partners worldwide to eliminate double taxation on both passive and active income.