BDO Malta

𝐈𝐅𝐑𝐒 𝟏𝟖: 𝐓𝐡𝐞 𝐜𝐥𝐨𝐜𝐤 𝐢𝐬 𝐭𝐢𝐜𝐤𝐢𝐧𝐠 IFRS 18 𝙋𝙧𝙚𝙨𝙚𝙣𝙩𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝘿𝙞𝙨𝙘𝙡𝙤𝙨𝙪𝙧𝙚 𝙞𝙣 𝙁𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙎𝙩𝙖𝙩𝙚𝙢𝙚𝙣𝙩 becomes effective for annual reporting periods beginning on or after 𝟏 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟕, replacing IAS 1 and introducing significant changes to how organisations present and explain financial performance. Although IFRS 18 does not change recognition and measurement requirements, it will affect areas including operating profit, the classification of income and expenses, aggregation and disaggregation, cash flow presentation, management-defined performance measures and related disclosures. BDO's latest publication, 𝐈𝐅𝐑𝐁 𝟐𝟎𝟐𝟔/𝟎𝟑 – 𝐈𝐅𝐑𝐒 𝟏𝟖: 𝐓𝐡𝐞 𝐜𝐥𝐨𝐜𝐤 𝐢𝐬 𝐭𝐢𝐜𝐤𝐢𝐧𝐠: 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐞𝐟𝐟𝐞𝐜𝐭𝐬 𝐨𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐫𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠, uses practical scenarios to illustrate the potential effects of the new requirements and highlights the importance of assessing the effects of IFRS 18 early. BDO Malta can help organisations assess the potential effects of IFRS 18 and navigate the practical considerations associated with implementation. As implementation may require changes to systems, processes, performance metrics, covenants and external communications, understanding the implications early can help organisations prepare for the 2027 effective date. Read BDO's latest publication to explore the practical effects of IFRS 18 and the considerations for implementation. 🔗 Read more: https://lnkd.in/eSv_2Jyt #IFRS18 #FinancialReporting #AccountingStandards #CorporateReporting #BDOMalta #AuditAndAssurance

𝐃𝐨𝐞𝐬 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐪𝐮𝐚𝐥𝐢𝐟𝐲 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐒𝐌𝐄 𝐞𝐱𝐜𝐥𝐮𝐬𝐢𝐨𝐧 𝐮𝐧𝐝𝐞𝐫 𝐌𝐚𝐥𝐭𝐚'𝐬 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐑𝐮𝐥𝐞𝐬? Last week, we explored one of the first considerations for businesses assessing whether their intercompany arrangements fall within the scope of Malta's Transfer Pricing Rules: whether the enterprise forms part of an SME Group. The assessment extends beyond the size of the individual company. Wider group structures, ownership relationships and the treatment of linked and partner enterprises must also be considered when determining whether the relevant SME thresholds are met. From Year of Assessment 2026, taxpayers falling outside the scope of the Transfer Pricing Rules due to being part of an SME Group are also required to make a disclosure in their income tax return, reinforcing the importance of documenting the SME assessment. Our Transfer Pricing specialists assist businesses in assessing their position under the Maltese Transfer Pricing Rules, documenting SME assessments and evaluating whether transfer pricing obligations apply to their arrangements. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐛𝐞𝐥𝐨𝐰 𝐭𝐨 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐭𝐡𝐞 𝐒𝐌𝐄 𝐞𝐱𝐜𝐥𝐮𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐚𝐧𝐝 𝐰𝐢𝐝𝐞𝐫 𝐠𝐫𝐨𝐮𝐩𝐬: https://lnkd.in/e7-etKuk #TransferPricing #SME #Tax #Malta #BDOMalta

𝐏𝐚𝐲𝐫𝐨𝐥𝐥 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬 𝐩𝐥𝐚𝐲 𝐚 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐫𝐨𝐥𝐞 𝐢𝐧 𝐡𝐞𝐥𝐩𝐢𝐧𝐠 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐝𝐞𝐥𝐢𝐯𝐞𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲, 𝐜𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐲 𝐚𝐧𝐝 𝐭𝐫𝐮𝐬𝐭. At BDO Malta, we are looking for a 𝐒𝐞𝐧𝐢𝐨𝐫 𝐏𝐚𝐲𝐫𝐨𝐥𝐥 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐨𝐫 to join our team. The role is suited to an experienced payroll professional who can manage a portfolio of clients, handle monthly payroll processes, coordinate payroll-related payments and support clients with payroll-related matters. If you have strong attention to detail, excellent organisational skills and the ability to work both autonomously and as part of a team, this could be your next career opportunity. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐚𝐩𝐩𝐥𝐲: https://lnkd.in/dnUccKTH #BDOMalta #Payroll #Careers #NowHiring

𝐄𝐔 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐫𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐞𝐧𝐭𝐞𝐫𝐬 𝐚 𝐧𝐞𝐰 𝐩𝐡𝐚𝐬𝐞 On 3 July 2026, the European Commission adopted revised European Sustainability Reporting Standards (ESRS) and a new voluntary sustainability reporting standard for smaller companies outside the scope of the Corporate Sustainability Reporting Directive (CSRD), as part of its Omnibus I package to simplify EU reporting requirements. The revised ESRS introduce changes across key areas including materiality assessments, fair presentation, anticipated financial effects, greenhouse gas emissions, climate transition plans and value-chain reporting. Alongside these revisions, the new voluntary standard aims to support more consistent and proportionate sustainability reporting by smaller companies. The delegated acts have now been submitted to the European Parliament and the Council of the EU for scrutiny. Subject to completion of this process, the revised ESRS and voluntary standard will apply to financial years beginning on or after 1 January 2027, with early adoption of the revised ESRS permitted in certain circumstances. As the EU sustainability reporting framework continues to evolve, organisations should remain informed of regulatory developments and assess how changes may affect their reporting obligations and sustainability reporting processes. BDO Malta can support organisations in understanding the evolving sustainability reporting landscape and preparing for applicable reporting requirements. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐚𝐧𝐝 𝐧𝐞𝐱𝐭 𝐬𝐭𝐞𝐩𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐄𝐒𝐑𝐒 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐧𝐞𝐰 𝐯𝐨𝐥𝐮𝐧𝐭𝐚𝐫𝐲 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐫𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐬𝐭𝐚𝐧𝐝𝐚𝐫𝐝. 🔗 Read more: https://lnkd.in/eQPegthC #ESRS #SustainabilityReporting #CSRD #ESG #EFRAG #EUSustainability #BDOMalta

𝐓𝐡𝐞 𝐜𝐨𝐮𝐧𝐭𝐝𝐨𝐰𝐧 𝐭𝐨 𝐚 𝐧𝐞𝐰 𝐜𝐡𝐚𝐩𝐭𝐞𝐫 𝐢𝐧 𝐄𝐔 𝐀𝐌𝐋/𝐂𝐅𝐓 𝐡𝐚𝐬 𝐛𝐞𝐠𝐮𝐧 The EU's AML/CFT framework is entering an important period of transition. From 𝟏𝟎 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟕, the Anti-Money Laundering Regulation, AMLR, will apply directly across EU Member States, introducing a more harmonized set of requirements through a single European rulebook. By the same date, Member States must transpose most provisions of the Sixth Anti-Money Laundering Directive, AMLD6, into national law, strengthening national supervisory and institutional frameworks. At the heart of this evolving framework is the AMLA - The EU Anti-Money Laundering Authority, which became operational in 2025 and is supporting greater consistency, coordination and cooperation across the EU's AML/CFT landscape. 𝐇𝐨𝐰 𝐁𝐃𝐎 𝐌𝐚𝐥𝐭𝐚 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 With the new framework set to apply from July 2027, organisations have an opportunity to review their existing AML/CFT frameworks and consider their readiness for the changes ahead. BDO Malta supports organisations through regulatory impact assessments, gap analyses, AML/CFT framework reviews and risk assessment enhancements, helping them prepare for the evolving regulatory environment. 𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐀𝐌𝐋𝐑 𝐫𝐞𝐚𝐝𝐢𝐧𝐞𝐬𝐬 𝐚𝐧𝐝 𝐡𝐨𝐰 𝐨𝐫𝐠𝐚𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧𝐬 𝐜𝐚𝐧 𝐩𝐫𝐞𝐩𝐚𝐫𝐞: https://lnkd.in/dmA5thVU #AML #AMLR #AMLD6 #AMLA #AMLCompliance #RiskManagement #FinancialServices #BDOMalta

𝐓𝐨𝐝𝐚𝐲 𝐦𝐚𝐫𝐤𝐬 𝐚𝐧 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐦𝐨𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐀𝐂𝐂𝐀 𝐬𝐭𝐮𝐝𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬 𝐫𝐞𝐜𝐞𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞𝐢𝐫 𝐫𝐞𝐬𝐮𝐥𝐭𝐬. Every result represents hours of study, commitment and determination alongside the demands of work and everyday life. For those celebrating a milestone today, congratulations on your achievement. For those continuing on their journey, every step forward is part of building your professional future. At BDO Malta, we believe in creating an environment where people can continue to learn, develop and build meaningful careers. Explore opportunities to grow with us: https://lnkd.in/diVYm__D #ACCA #ACCAResults #AccountingCareers #FinanceCareers #LifeAtBDO

𝐒𝐭𝐚𝐲 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝. 𝐒𝐭𝐚𝐲 𝐚𝐡𝐞𝐚𝐝. As regulatory requirements evolve and business priorities become increasingly complex, access to timely, relevant insights can support more informed decision-making. BDO Malta brings together three dedicated LinkedIn newsletters designed to help professionals and business leaders stay informed on key developments: 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 Focused commentary and updates on developments shaping the transfer pricing landscape. 𝐃𝐎𝐑𝐀 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 Insights into the Digital Operational Resilience Act and developments relevant to digital operational resilience. 𝐊𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 𝐃𝐢𝐠𝐞𝐬𝐭 A monthly round-up of five featured articles from BDO Malta, covering a range of business, regulatory and advisory topics. 𝐇𝐨𝐰 𝐁𝐃𝐎 𝐌𝐚𝐥𝐭𝐚 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 Beyond sharing insights, our specialists support organisations in understanding and responding to evolving regulatory, tax, technology and business requirements. Subscribe to the newsletters most relevant to you and receive the latest insights directly through LinkedIn. 🔗 Transfer Pricing Insights: https://lnkd.in/dcUwmntN 🔗 DORA Insights: https://lnkd.in/dGyuA7Sz 🔗 Knowledge Digest: https://lnkd.in/dPqiei3c #BDOMalta #ThoughtLeadership #BusinessInsights #TransferPricing #DORA #RegulatoryInsights

Technology is evolving. So are the risks. We're looking for a 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐑𝐢𝐬𝐤 & 𝐈𝐓 𝐀𝐬𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭 to join our growing team at 𝐁𝐃𝐎 𝐌𝐚𝐥𝐭𝐚. If you have experience in IT audit, technology risk, compliance, or IT advisory and are looking to work on diverse client engagements while developing your career, we'd love to hear from you. Ready for your next challenge? Apply today. https://lnkd.in/drpeSk-d #BDOMalta #TechnologyRisk #ITAssurance #ITAudit #Careers

𝐈𝐀𝐒𝐁 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐬 𝐈𝐅𝐑𝐒 𝟐𝟎: 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐀𝐬𝐬𝐞𝐭𝐬 𝐚𝐧𝐝 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 The publication of 𝐈𝐅𝐑𝐒 𝟐𝟎 marks an important development in financial reporting for entities subject to rate regulation. Issued by the International Accounting Standards Board (IASB), IFRS 20 introduces requirements for recognising regulatory assets and regulatory liabilities. The Standard addresses differences in timing between when goods or services are provided and when the related compensation is reflected in regulated rates. It is expected to have a significant impact on financial reporting for entities operating in sectors such as electricity, telecommunications, public infrastructure and public transport. As entities prepare for implementation, understanding the Standard's requirements and assessing its potential impact on financial reporting will be an important part of transition planning. BDO Malta supports organisations in understanding the implications of new IFRS Accounting Standards and preparing for implementation. 🔗 Read our latest insight: https://lnkd.in/dZC_zRfp #IFRS20 #IASB #FinancialReporting #AccountingStandards #IFRS #BDOMalta

AML compliance is more than a regulatory requirement - it’s a critical safeguard for your business. At BDO Malta, we help clients assess and mitigate regulatory compliance and AML/CFT risks through independent reviews, risk assessments, policies and procedures, training, and ongoing compliance support. Learn how we can support your compliance journey: https://lnkd.in/dMYiPRaZ Andrew Vella | Neil Baldacchino #BDOMalta #AMLCompliance #RiskManagement #Governance #FinancialServices #Compliance