Insights

The first edition of our 2026 VAT Newsletter is out now!

Today, 6th April 2026, the Commissioner for Tax and Customs has issued new guidelines setting out the gambling and betting activities that will benefit from the VAT exemption under the amended law.

Outsourcing is now embedded in insurance and reinsurance operating models. Claims handling, policy administration, IT platforms and customer support are routinely placed with third‑party providers. The VAT consequences, however, are commonly misread.

The Three Lines of Defence model has long served as a foundational framework for clarifying roles and responsibilities across governance, risk management, and internal control. Although originally designed to structure risk and control functions, the model has since evolved, both in practice and through regulatory guidance, to reflect a more integrated and holistic approach to organisational governance.

Rolling cashflow forecasting addresses this gap by providing a forward‑looking view of when cash is expected to be received and paid over a specified period. It is updated regularly using real data and rational assumptions to ensure management has continuous visibility over future cash positions and may react accordingly.

Effective from 1 January 2026, the Rules streamline and replace several existing preferential regimes, including the Highly Qualified Persons Rules and other sector-specific personal tax incentives.

Over the last few years, Malta has emerged as an attractive and credible option, particularly for families looking for a well‑regulated European base that can support long‑term wealth preservation and generational planning.

Companies providing Investment Services must be appropriately authorised by the MFSA and must comply with detailed MFSA Rulebooks. These Rulebooks function as operational manuals, setting out governance, conduct, reporting, risk management, and client protection requirements.