Guidelines on the statutory audit exemption for the purposes of the ITMA

Subsidiary legislation issued under the Income Tax Management Act (CAP 372) pursuant to LN 139 of 2025 repealed the Audit Report Waiver and Deduction Rules (SL 372.29) and introduced new rules around audit report waivers (See MIT News 20 July 2025).

The MTCA has issued guidelines on the new rules, which provide examples on the application of rule 6 of the rules.

 

source: mtca.gov.mt