Registration Time: 09:45
Sessions Time: 10:00 - 14:30 including a 30-minute break
Speaker: Mr Saviour Bezzina
Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €55.00
Non-MIA Members: €100.00
Retired Members: €25.00
Students: €40.00

Short synopsis

The scope of this session is to explain in a user friendly manner the thought process how one determines the correct VAT treatment of cross border transactions. It will start off with refreshing the VAT basics which are fundamental in order to arrive at the correct VAT treatment and moves on to tackling the vast majority of cross border transactions by means of practical examples explaining; how and why a particular VAT treatment was arrived at, the respective VAT implications and how this is to be declared in the VAT Return and other applicable VAT forms.

Background Information

Cross Border Transactions and International Trade often give rise to new situations/scenarios wherein a differentiating factor may trigger a change in the VAT treatment adopted in similar past transactions. In this respect it often happens that one is not fully aware as to which is the correct VAT Treatment to be adopted in such situations, keeping in mind also the VAT treatment being adopted by the involved parties in other countries and EU Member states. 

Objectives of the Session

The scope of the session is to first give an overview of the main types of cross border transactions that may exist (Part 1 - ICS/ICAs/Triangulation, Imports/Exports, Distance Sales, Part 2 - EU cross border supplies of services including tele-communications, Broadcasting and Electronically Supplied Services, Non-EU Supplies of Services etc.) and their respective VAT treatment. We will also identify the questions which need to be answered, which criteria need to be satisfied, and the procedure which needs to be adopted in each case in order to arrive at the appropriate VAT Treatment. We will also discuss the concept of Reverse Charge Mechanism and how it is to be applied and also how such cross border transactions are to be declared in the local VAT Forms (VAT Returns, Recapitulative Statements, Intrastat Forms, Forms 04 etc.)

Topics on the agenda

Part 1 - Goods
VAT Basics of International Trade – Goods & Services
VAT Treatment – Cross Border Supplies of Goods
Declaration in Maltese VAT Forms and Compliance obligations
Practical Examples

Part 2 - Services
VAT Treatment – Cross Border Supplies of Services
Declaration in Maltese VAT Forms and Compliance obligations
Practical Examples

Target audience

Accounting Practitioners and other accounting staff dealing with the vat treatment of international trade and cross border transactions and with VAT Returns preparation

Speakers profile

Saviour is the 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, lectures regularly on VAT and indirect tax matters and is a member of the MIA and MIT Indirect Taxation Committees. 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

4 Hours Core 

TERMS AND CONDITIONS

Terms and conditions apply

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