Company Income Tax Return
Overview
For companies operating in Malta, the accurate and timely submission of a company income tax return is a critical statutory obligation. Beyond fulfilling legal requirements, proper submission ensures that corporate tax affairs are correctly recorded, obligations are settled, and compliance with Maltese tax regulations is maintained. The process involves detailed calculations, consideration of complex tax rules, and strict adherence to submission deadlines.
Our company income tax return service focuses entirely on managing the preparation, submission, and settlement of corporate tax returns. Built upon the company’s properly maintained financial records and financial statements, the service ensures that all taxable income is reported accurately, all allowable deductions and reliefs are applied correctly, and the final tax position is calculated in full compliance with applicable regulations.
Accurate preparation of the company income tax return minimises the risk of errors, penalties, or disputes with the Maltese tax authorities. In addition, we handle the collection and settlement of any tax liabilities arising from the return, simplifying the process and ensuring that deadlines are consistently respected.
At Busuttil Assurance, our company income tax return service is handled by experienced tax professionals who are fully conversant with corporate taxation requirements applicable in Malta. We approach every engagement with thoroughness, confidentiality, and a commitment to accuracy, offering our clients clear guidance and peace of mind throughout the entire process.
Scope
Our company income tax return service covers the full process of preparing, submitting, and settling corporate tax returns based on the company’s financial records and audited financial statements. In delivering this service, we:
- gather and review all relevant financial information and supporting documentation,
- verify the accuracy of reported revenue, expenses, and other taxable items,
- calculate taxable profits in accordance with applicable tax regulations,
- apply all relevant deductions, exemptions, tax credits, and reliefs,
- calculate the final company tax liability, and
- prepare the official company income tax return form for submission to the Maltese tax authorities.
As part of the process, we perform several additional tasks to ensure the completeness and accuracy of the return. In doing so, we:
- liaise with company directors and representatives to resolve any queries or information gaps,
- verify that provisional tax payments have been properly accounted for,
- review any applicable declarations, such as rental income declarations, that may impact the tax calculation,
- ensure submission of the tax return within the required statutory deadlines,
- collect and settle any corporate tax balance due on behalf of the company, and
- maintain complete and secure records of all filings and correspondence for future reference.
Our company income tax return service is specifically designed for companies, ensuring that each return is prepared and filed in strict compliance with all applicable corporate tax requirements.
Benefit
An accurately prepared company income tax return provides numerous benefits to businesses. By engaging our company income tax return service, you:
- ensure full compliance with corporate tax obligations in Malta,
- minimise the risk of errors, penalties, or late submission fees,
- optimise tax efficiency by correctly applying available deductions, reliefs, and credits,
- receive professional guidance on any queries or complex situations,
- delegate time-consuming calculations and paperwork to experienced professionals,
- ensure timely settlement of any corporate tax liabilities,
- simplify the overall compliance process, and
- maintain full confidence that your company’s tax affairs are in safe hands.
With our professional assistance, companies can focus on their core business activities while we manage their corporate tax compliance obligations thoroughly and efficiently.
Regulatory Compliance
Company income tax compliance in Malta is governed by specific statutory obligations that require accurate reporting, proper calculation of tax liabilities, and timely submission of tax returns. Our company income tax return service ensures full adherence to these regulatory requirements. In fulfilling our responsibilities, we:
- prepare tax returns in accordance with current corporate tax regulations and reporting standards,
- ensure proper application of deductions, exemptions, and tax reliefs applicable to corporate entities,
- verify that taxable profits are correctly calculated based on the audited financial statements,
- comply with submission and payment deadlines as set by the Maltese tax authorities,
- maintain full confidentiality and security of client information,
- remain updated on any changes in corporate tax regulations and reporting obligations, and
- communicate directly with the tax authorities on behalf of our clients whenever necessary.
By ensuring full compliance with all applicable obligations, we help companies meet their corporate tax responsibilities accurately, efficiently, and with complete peace of mind.
Related Services
In addition to our company income tax return service, we offer several related services that support the complete financial obligations of companies. These include:
- Accounting — recording, classifying, and maintaining all financial transactions to provide accurate financial records,
- Financial Audit — independent examination of financial statements to verify their accuracy and compliance,
- Company Income Tax Refund — handling of claims for shareholder tax refunds under Malta’s corporate tax refund system,
- PT and SSC Form — preparation of forms for the payment of provisional tax and social security contributions, and
- Rental Income Declaration — submission of declarations for rental income subject to final withholding tax (TA24).
By offering these related services, we deliver a comprehensive and coordinated approach that helps companies manage their financial and tax obligations with confidence and efficiency.
More Information
If you would like to receive more information or get in touch with us, kindly contact us now.