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Multinational corporations will be subject to reporting in Malta

Multinational corporations will be subject to reporting in Malta

Malta has introduced public Country-by-Country Reporting. This significant step is aimed at combating tax evasion. It is believed that this can increase the transparency of the activities of large corporations.

This form of reporting introduces a requirement for multinational corporations to provide reporting for each country in which they operate. Reports must include data on income, taxes, employees and activities.

Companies with revenues of €750 million or more must disclose their financial data. Reports must be posted within 12 months of the end of the financial year, access to reports must be unimpeded, and additional translation into one of the official languages ​​of the EU countries is required.

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