Malta has opted to apply the derogation afforded by the Pillar Two Directive, allowing for a delay in implementation.For fiscal year 2024, Malta will not introduce the Income Inclusion Rule, Undertaxed Profits Rule or a qualified domestic top-up tax.Work on Grants and Qualified Refundable Tax Credits compatible with European Union rules and Organisation for Economic Co-operation and Development rules continues.The Finance Minister has announced that, in 2024, Malta will not be introducing any component of the Organisation for Economic Co-operation and Development (OECD) Pillar Two Initiative. The Minister added that Malta will be applying the derogation afforded by Council Directive...