Malta Gazettes Companies Act Amendment on Public CbC Reporting

The Maltese Official Gazette May 17 published Act No. XVIII/2024, Companies (Amendment) Act, 2024, on country-by-country (CbC) reporting in line with EU Directive 2021/2101, on the disclosure of income tax information by certain undertakings and branches. The law includes measures: 1) requiring standalone, or ultimate parent, entities governed by Maltese law to publicly report income tax information if revenue, or consolidated revenue, exceeded 750 million euros (US$805.1 million) for each of the last two consecutive financial years; 2) clarifying that reports must be published on the company’s website, free of charge, within 12 months following the fiscal period, and made ...