Accounting holds a pivotal role in every business operating in Malta. It’s imperative for companies to comply with regulatory obligations as per the Companies At and maintain proper accounting records. The accounting records must be kept for a period of at least ten years from the end of the financial year to which they relate to. Apart from the Companies Act, other laws and regulations may apply to specific industries or sectors in Malta, such as the Banking Act, the Insurance Business Act, and the Value Added Tax Act. Therefore, it is essential for companies to seek professional advice to ensure compliance with all relevant laws and regulations.