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Upcoming events

    • 5 Apr 2023
    • 09:15 - 12:30
    • Online Webinar
    Register
    Registration Time: 09:00
    Sessions Time: 09:15 - 12:30  including a 15-minute break
    Speaker: Mr Timothy Borg Olivier
    Venue:   Online Webinar
    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €40.00
    Non-MIA Members: €75.00
    Retired Members: €20.00
    Students: €30.00

    *Group bookings for 3 or more participants available.

    BACKGROUND INFORMATION

    With the introduction of formal transfer pricing rules in Malta becoming effective as from 1 January 2024, this session seeks to discuss some key aspects of the local legislation adopted as well as delve into some key OECD concepts relevant to the determination of the arm’s length principle.

    Specific topics to be covered during the session

    • Transfer pricing rules as introduced into local legislation
    • OECD Transfer Pricing Guidelines
    • Transfer pricing methods.

    Why is the session of relevance to our members?

    Transfer pricing is a relatively new topic to Maltese legislation and is likely to have an impact on groups, particularly those with foreign presence.

    Target Audience

    Tax advisors, in-house tax specialists/finance teams

    Speaker's Profile

    Timothy Borg Olivier is a lawyer by profession and is currently a Senior Manager within the international tax team at Deloitte Malta. Timothy studied law at the University of Malta before furthering his studies at the University of Leiden where he read for and successfully obtained an Advanced Masters in International Tax Law from the International Tax Centre. Following his graduation, Timothy served as a Teaching Assistant within the International Tax Centre. Timothy advises and assists a number of local and international clients in connection with cross border transactions and has particular industry expertise in relation to the iGaming industry.

    EVENT CPE COMPETENCES


    3  Core


    WEBINARS TERMS AND CONDITIONS

    Terms and conditions  apply


    DISCLAIMER

    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
    • 19 Apr 2023
    • 13:30 - 16:45
    • Online Webinar
    Register
    Registration Time: 13:15
    Sessions Time: 13:30 - 16:45  including a 15-minute break
    Speakers: Mr Kenneth Cremona & Mrs Karen Spiteri Bailey
    Venue:   Online Webinar
    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €40.00
    Non-MIA Members: €75.00
    Retired Members: €20.00
    Students: €30.00

    *Group bookings for 3 or more participants available.

    BACKGROUND INFORMATION

    Customs duty refers to the tax imposed on goods when they are transported across international borders. In simple terms, it is the tax that is levied on import and export of goods. VAT, on the other hand, is chargeable on the supply of goods and services, the acquisition of goods from another EU member state and the importation of goods from outside the EU. This session will give an overview of both taxes, discussing common pitfalls and queries relevant to stakeholders. This seminar is prepared for industry professionals, and will include pertinent & current topics.

    OBJECTIVES OF THE SESSION

    • A discussion on general Custom Duty Concepts
    • A discussion on general VAT Concepts
    • Determining the practical queries on both VAT and Custom Duty
    • An overview of contemporary VAT and Custom Duty Issues.

    Specific topics to be covered during the session

    1. Analysing core principles of VAT, namely:
    a. Persons within scope of VAT
    b. VAT registration
    c. Place of Supply Rules & Cross Border trade
    d. VAT obligations and Declarations
    2. Analysing core principles of Customs duty, mainly:
    a. The important provisions of the Act
    b. Administrative & Custom Procedures
    c. Inward/Outward Processing relief
    3. A focus on contemporary issues
    4. Concluding Remarks and discussion

    WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

    As global trade continues to expand, customs duty and VAT have become increasingly important for businesses to understand and comply with. Customs duty is a tax imposed by governments on goods imported into or exported out of a country outside the EU, while VAT is a tax on the value added to a product or service at each stage of the supply chain. For businesses involved in international trade, customs duty and VAT can have a significant impact on their bottom line. Failing to comply with customs regulations or incorrectly calculating VAT can result in costly penalties and fines. Therefore, it is important for businesses to stay up-to-date on changes in regulations and best practices for complying with customs duty and VAT requirements.
    One way to gain a better understanding of customs duty and VAT is to attend the "Indirect Taxation: An Introduction to Customs Duty and Overview of VAT" seminar. This seminar provides attendees with a comprehensive overview of customs duty and VAT, including key concepts, compliance requirements, and best practices for minimizing tax liabilities. By attending this seminar, businesses can gain the knowledge and skills needed to navigate the complex world of indirect taxation and ensure compliance with customs regulations and VAT requirements.

    Target Audience

    Accountants and prospective accountants, tax lawyers, tax practitioners, as well as business owners and self-employed persons

    Speaker's Profile

    Kenneth Cremona graduated with a Master in Accountancy from the University of Malta in 2015. Kenneth joined RSM Malta in 2016, initially working on Income Tax Compliance dealing with clients established in multiple industries including Gaming, Immovable Property, Investments, Pharmaceuticals and Retail. In 2019, he specialised in VAT advisory and was promoted to a Manager in 2022. Kenneth is also a CPA warrant holder and received the Professional Certificate in Taxation issued by the Malta Institute of Taxation in 2017
    Karen Spiteri Bailey is the Partner heading Accounting outsourcing services, Payroll outsourcing services and VAT advisory services.
    She has extensive experience in servicing local and international clients across a wide range of industry sectors including trade federations, chambers and associations. She also has considerable experience in dealing with Value Added Tax and Taxation matters and in recent years continued to focus on Value Added Tax as an integral part of her responsibilities within the firm. Karen also provides regular training on VAT and payroll matters both within the firm and externally to other practitioners.
    Karen sits on the Indirect Tax Committee of the Malta Institute of Accountants and the Education Committee of the IFSP.

    EVENT CPE COMPETENCES

    3  Core


    WEBINARS TERMS AND CONDITIONS

    Terms and conditions  apply


    DISCLAIMER

    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
    • 25 Apr 2023
    • 13:30 - 16:45
    • Online Webinar
    Register
    Registration Time: 13:15
    Sessions Time: 13:30 - 16:45  including a 15-minute break
    Speaker: Ms Louise Grima
    Venue:   Online Webinar
    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €40.00
    Non-MIA Members: €75.00
    Retired Members: €20.00
    Students: €30.00

    *Group bookings for 3 or more participants available.

    BACKGROUND INFORMATION

    The session seeks to give an overview of the application of the Capital Goods Scheme explaining why it applies, when it applies and the implications that could stem when the Capital Goods Scheme is not/ is not properly applied. The application of the Capital Goods Scheme (or lack thereof) is a common pitfall especially since the Capital Goods Scheme can apply in scenarios or situations where a taxpayers enjoys full input VAT recovery rights. Following this session, attendees will gain an understanding of the workings of the Capital Goods Scheme and will be able to identify scenarios when the Capital Goods Scheme applies.

    Specific topics to be covered during the session

    Input VAT and input VAT recovery rights; the Capital Goods Scheme

    Why is the session of relevance to our members?

    The session seeks to give an overview of the application of the Capital Goods Scheme explaining why it applies, when it applies and the implications that could stem when the Capital Goods Scheme is not/ is not properly applied. The application of the Capital Goods Scheme (or lack thereof) is a common pitfall especially since the Capital Goods Scheme can apply in scenarios or situations where a taxpayers enjoys full input VAT

    Target Audience

    Would be relevant to accountants and tax practitioners

    Speaker's Profile

    Louise Grima is an Associate Director at KPMG Malta. She joined KPMG in 2015 after graduating with a Master in Accountancy from the University of Malta and has since worked in direct and indirect tax compliance and advisory projects servicing clients in a number of industries including financial services, insurance, gambling and international trade. Louise was awarded the 2015 MIA Best Student of the Year prize for Master in Accountancy Group 2013/2015, holds a Diploma in VAT compliance. Louise has also successfully completed the Advanced Diploma in International Taxation with an overall distinction. Louise is a member of the Malta Institute of Accountants (MIA) and is the Chairperson of the Indirect Tax Committee within MIA. Louise regularly delivers courses and seminars relating to VAT, is a visiting lecturer at the University of Malta and teaches ACCA at KPMG Learning Academy.

    EVENT CPE COMPETENCES


    3  Core


    WEBINARS TERMS AND CONDITIONS

    Terms and conditions  apply


    DISCLAIMER

    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
    • 27 Apr 2023
    • 13:30 - 16:45
    • Online Webinar
    Register
    Registration Time: 13:15
    Sessions Time: 13:30 - 16:45  including a 15-minute break
    Speaker: Dr Ian Zahra
    Venue:   Online Webinar
    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €40.00
    Non-MIA Members: €75.00
    Retired Members: €20.00
    Students: €30.00

    *Group bookings for 3 or more participants available.

    BACKGROUND INFORMATION

    The EU Directive on Administrative Cooperation (DAC) has gone through significant amendments since its introduction in 2011. The most recent amendments have introduced, amongst others, rules regulating exchange of information in relation to cross-border rulings, advanced pricing arrangements, country-by-country-reports, reportable cross-border arrangements and information relating to market platforms.
    The most recent amendment to DAC (DAC7) was approved in 2021 and extended the scope of provisions relating to the exchange of information and administrative cooperation between EU Member States by requiring qualifying digital platform operators to collect and verify the information of their sellers and report, inter alia, income earned by such persons through the use of the digital platforms.
    Malta transposed DAC7 by way of Legal Notice 8 of 2023 on 20 January 2023, to be amended within Subsidiary Legislation 123.127, ‘Cooperation with Other Jurisdictions on Tax Matters Regulations’

    Specific topics to be covered during the session

    • DAC7 - EU Directive 2021/514/EU
    • Legal Notice 8 of 2023

    Why is the session of relevance to our members?

    This session is of relevance to persons who work with sellers and platform operators allowing sellers and users to interact and facilitate immovable property rental, personal services for time-based or task-based work, sale of goods and rental of any mode of transport. The session is aimed at informing participants about the new reporting obligations affecting sellers and platform operators.

    Target Audience

    Lawyers, accountants, auditors and corporate service providers

    Speaker's Profile

    Dr Ian Zahra joined Deloitte Malta in 2020 and currently forms part of the Tax team as an International Tax Manager, focusing on domestic and international direct taxation. Ian has worked on a number of engagements dealing with the Malta direct tax consequences of local and foreign companies in various industries, including financial services, technology and gaming.
    Ian is a lawyer by profession and, following his studies in law at the University of Malta, he graduated in international tax law from the University of Leiden in the Netherlands and worked as a teaching assistant at the International Tax Centre in Leiden. Ian has also been admitted to the Maltese bar and is a member of the Malta Institute of Taxation, the Institute of Financial Services Practitioners and the Chamber of Advocates.

    EVENT CPE COMPETENCES

    3  Core


    WEBINARS TERMS AND CONDITIONS

    Terms and conditions  apply


    DISCLAIMER

    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
    • 3 May 2023
    • 09:15 - 12:30
    • Online Webinar
    Register
    Registration Time: 09:00
    Sessions Time: 09:15 - 12:30  including a 15-minute break
    Speaker: Dr Robert Attard
    Venue:   Online Webinar
    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €40.00
    Non-MIA Members: €75.00
    Retired Members: €20.00
    Students: €30.00

    *Group bookings for 3 or more participants available.

    BACKGROUND INFORMATION

    The webinar will draw from local and international statutory law and case-law to catalogue the basic rights of Maltese taxpayers.
    Maltese tax law incorporates rules for taxpayer protection but sketchy rules have been enhanced by judicial pronouncements especially judgements emanating from the Administrative Review Tribunal, the Court of Appeal and the European Court of Human Rights (ECtHR).

    Specific topics to be covered during the session

    The webinar will explain the basic sources of taxpayer protection, judicial trends and prospective developments.

    Why is the session of relevance to our members?

    In addition to knowing what one's basic rights are in terms of the law, getting up-to-speed with case-law will contribute towards ensuring that your employer's or clients' rights are safeguarded.

    Target Audience

    Accountants

    Speaker's Profile

    Robert Attard is Partner and Tax Policy Leader, EY, Central & South East Europe, a tenured senior lecturer at the University of Malta, a fellow of GREIT and member of the European Association of Tax Law Professors. In the IBFD’s 2015-2017 General Report on the Protection of Taxpayers’ Rights he was described as a well-known authority broadly experienced in the practical protection of taxpayers’ rights and a prominent member of the legal practice. Having served as a panellist at the 2015 IFA Congress he forms part of a study group of the International Law Association on the “Protection of Taxpayers’ Rights” (co-chaired by Advocate General Juliane Kokott and Pasquale Pistone) and is also a member of the Supervisory Council of the IBFD/IFA’s “Observatory on the Protection of Taxpayers’ Rights”. He has served as Visiting Professor at the University of Ferrara paying lecturing/speaking visits at Queen Mary (University of London), CTL (University of Cambridge), Salerno (with Wirtshaftsuniversitat Wien and Naples II) and the University of Palermo. The Maltese Court of Appeal has described him as a leading commentator on tax law referring to his publications in its judgements. Robert developed a detailed knowledge of tax aspects of the European Convention on Human Rights drafting submissions in cases filed against France, the Netherlands, Bulgaria and Malta. Robert is a published author on tax law publishing articles in European Taxation, EC Tax Review and the British Tax Review. He has contributed to several publications including a book published by Hart Publishing, 3 books published by the IBFD and several books published by the MIM. Philip Baker remarks that ‘Single-handedly, Robert is generating the literature which explains the structure and nuances of the system in Malta. One wishes other countries had similar authors who could write similarly enticing books to explain their tax codes.” Robert has argued most of Malta's leading tax cases including landmark judgments John Geranzi v. PM (right to justice within a reasonable time), Zahra v. PM (non bis in idem), Farrugia v. PM (taxation as a violation of the right to property) and Case 160 of 2012 (tax transparency

    EVENT CPE COMPETENCES


    3  Core


    WEBINARS TERMS AND CONDITIONS

    Terms and conditions  apply


    DISCLAIMER

    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
    • 17 May 2023
    • 09:30 - 11:30
    • Online Webinar
    Register
    Registration Time: 09:15
    Sessions Time: 09:30 - 11:30 (No Break)
    Speaker: Mr Christian Vella
    Venue: Online Webinar
    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €28.00
    Non-MIA Members: €50.00
    Retired Members: €15.00
    Students: €20.00

    *Group bookings for 3 or more participants available.

    BACKGROUND INFORMATION

    Transactions / structures involving a trust arrangement can give rise to different tax and duty considerations, each depending on the applicable fact pattern of the case at hand. The applicable tax and duty considerations throughout the existence of the trust shall be covered in this seminar.

    SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

    This seminar shall cover the Malta income tax and duty implications of settlements on trusts, implications on beneficiaries from a Malta income tax perspective on distributions from a trust as well as Malta income tax and duty considerations arising upon the transfer of a beneficial interest in a trust.

    WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

    In order to obtain a better understanding of the relevant Malta income tax and duty considerations applicable to trusts.

    TARGET AUDIENCE

    Accountants, tax advisors.

      Speaker's Profile

      Chris is currently a senior tax manager at Deloitte Malta. He currently forms part of the tax mergers and acquisitions department within the firm’s tax practice. Chris mainly focuses on engagements primarily relating to shareholder restructuring exercises, succession planning engagements, mergers and acquisitions as well as general tax advisory services.

      EVENT CPE COMPETENCES


      2 Hours Core


      WEBINARS TERMS AND CONDITIONS


      Terms and conditions  apply


      DISCLAIMER

      By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
      Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
      • 25 May 2023
      • 13:30 - 16:45
      • Online Webinar
      Register
      Registration Time: 13:15
      Sessions Time: 13:30 - 16:45  including a 15-minute break
      Speaker: Mr Saviour Bezzina
      Venue:   Online Webinar
      Participation Fees (The Institute is now accepting payments via Paypal)
      MIA Members: €40.00
      Non-MIA Members: €75.00
      Retired Members: €20.00
      Students: €30.00

      *Group bookings for 3 or more participants available.

      BACKGROUND INFORMATION

      Shipping, Yachting and Aviation are thriving sectors of the Maltese economy which give rise to numerous transactions carried out by Maltese and foreign entities involved in  sectors. Such transactions, which sometimes may prove to be quite complex, are likely to trigger Maltese VAT implications in some shape or form including registration, compliance, chargeability, form filing and other implications. Hence it is of utmost importance that one is aware of any Maltese VAT implications arising from such transactions in order to take the appropriate actions in a timely and correct manner. Failure to do so might prove to be costly resulting in potential incorrect pricing, under/over declaration of output/input VAT, late registrations/invoicing/filing and other  implications.

      Objectives Of This Session

      The objective of the session is to identify the main provisions in the Maltese VAT Act Cap.406 of the Laws of Malta and the EU VAT Directive 2006/112/EC applicable to these sectors and discuss the correct manner in which such provisions are to interpreted and applied from a Maltese VAT perspective. In order to do so, apart from the respective legislations, reference will also be made to relevant CJEU Cases, VAT Department Guidelines, Council Implementing Regulations and other relevant literature.  

      Specific topics to be covered during the session

      • Background Information (inc. Transaction types: Domestic/ICAs/ICSs/Exports/Imports)
      • Taxable Person (inc. VAT Registration requirements)
      • Goods or Services (inc. reference to Yacht Leasing issues)
      • Place of supply (inc. reference to use and enjoyment provisions)
      • VAT Exemptions (inc. Qualifying Vessels/Aircraft)
      • VAT Chargeability (inc. Reverse Charge Mechanism)

      WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

      Attendance is encouraged since it will enable attendees to:
      • identify which are the main VAT issues which entities operating in these sectors are likely to come across,
      • determine the respective VAT implications.
      • establish the appropriate VAT treatment which needs to be applied in such instances and what factors need to be taken into consideration, which might impact the said VAT treatment.

      Target Audience

      This course is ideal both to experienced personnel (directors, accountants, lawyers, financial professionals, accounting students, financial staff) who have been working in the sectors for a number of months/years (who may need to brush up their technical knowledge or fill in certain gaps and clarify certain issues relating to certain transactions) as well as newcomers in the respective sectors (who have an opportunity to get a very good theoretical and practical understanding of the main applicable VAT concepts) .

      Speaker's Profile

      Saviour Bezzina is a Senior Manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters. Saviour Bezzina is a Senior Manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters. Saviour was awarded the 2007 MIA prize as the best student who graduated in the Bachelor of Accountancy (Hons) Degree Course Group 2004/2006.

      EVENT CPE COMPETENCES

      3  Core


      WEBINARS TERMS AND CONDITIONS

      Terms and conditions  apply


      DISCLAIMER

      By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
      Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
      • 31 May 2023
      • 09:00 - 17:00
      • Hilton Malta
      Register
      Registration Time: 08:00 - 09:00
      Conference Start Time: 09:00
      Venue: Grandmaster Suite - Hilton Malta
      Participation Fees (The Institute is now accepting payments via Paypal)
      Early bird Prices (Available till 16th April):
      MIA Members:
      €130
      Non-MIA Members: €160
      Retired Members: €110
      Students: €110
      BACKGROUND INFORMATION

      Looking forward and remaining relevant

      The events that we have witnessed over the past couple of years were certainly unexpected and unprecedented. Economies around the globe had barely started recovering from the pandemic that crisis mode struck again with the Russian invasion of neighbouring Ukraine. The war and associated sanctions on the aggressor further accelerated already-existent supply-side challenges and inflationary pressures.

      The existence of these ongoing crises has not deterred international institutions, including the European Union and the OECD, from continuing to push forward important reform agendas, particularly in terms of tax, digitalisation and in addressing the fight against climate change.

      Malta is clearly not immune to these changes and has its own challenges. While Malta retains a strong foundation, aggressive digital based competition from other markets, the grey-listing and the challenges faced by those looking to set up businesses in Malta as well as those operating locally all underpin the need for a strong Financial Services strategy for Malta. Add the fact that, firms continue to struggle to recruit and retain the necessary human talent to achieve their present and future objectives and you have a truly perfect storm.

      All this will continue to impact the competitiveness of our small island state, which is significantly exposed to what is happening around us.

      In its 2023 Biennial Conference, the Malta Institute of Accountants will be seeking to address these realities in a proactive way, in the steadfast belief that the response of accountancy professionals is crucial to contribute towards shaping Malta's future.

      This year’s event, being held on the 31 May 2023 in collaboration with the Malta Financial Services Advisory Council (MFSAC), will provide participants with a unique opportunity to receive first-hand insight on their newly developed financial services strategy. The strategy, which was created through the active involvement of over 100 financial services professionals, looks at existent bottlenecks within the industry but also highlights new spaces where firms can seek new avenues for growth.

      Accountancy and auditing professionals are critical enablers in the required transformation. As trusted advisors within or for the firms they work for, knowledge of the key challenges facing the nation, how these are being addressed and the expected impact on businesses, will provide unique insight and awareness to enable them to strengthen and facilitate their role within their organisations in the years ahead.

      Further details will be provided in due course.

      Book your place now.


      • 4 Oct 2023
      • 09:00 - 17:00
      Register

      Save the Date: The MIA Tax Conference 2023

      This year's MIA Tax Conference will be held on Wednesday 4th October.

      Register your interest here.


                   

    Contact Us

    Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013, Malta 

    E-mail: info@miamalta.org

    Tel. +356 2258 1900

    © MALTA INSTITUTE OF ACCOUNTANTS, 2023                                                                                     Privacy Notice