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M22055 - Income taxes: financial statement disclosures, and changes to IAS 12 (Online)

  • 22 Jul 2022
  • 09:15 - 12:30
  • Online Webinar


Registration Time: 09:00
Sessions Time: 09:15 - 12:30  including a 15-minute break
Speaker: Mr David Leone Ganado
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.


Other than small companies reporting under GAPSME, all financial statements prepared under both IFRS and GAPSME must include various disclosures. Perhaps no disclosure is feared more than the reconciliation between tax expense and the product of accounting profit multiplied by the applicable tax rate (often referred to as the 'tax proof'' or the 'proof of tax'). By mixing theory with practical examples, this seminar will take a look at how to compute this disclosure. We will also be covering other income tax-related disclosures, as well as the amendments to IAS 12 that become applicable on 1 January 2023. Other than to the extent required for the purposes of assessing disclosures, this seminar will not address recognition and measurement of deferred income tax balances (which were covered in the MIA's seminar in October 2021), and it will also not address how to compute a company's current income tax expense under Maltese tax laws. Whilst participants do not require an advanced knowledge of tax computations, it will be assumed that they have a basic working knowledge thereof.

Specific topics to be covered during the session

  • Disclosure of the reconciliation between tax expense and the product of accounting profit multiplied by the applicable tax rate
  • Other financial statement disclosures
  • Amendments to IAS 12 becoming effective on 1 January 2023

Why is the session of relevance to our members?

Other than small entities reporting under GAPSME, all other entities must make certain disclosures about their tax expense, and this seminar will cover those requirements.

Target Audience

Auditors and accounting professionals, financial statement preparers, students and anyone with an interest in the key accounting implications arising from income tax.

Speaker's Profile

David spent over 20 years at a Big 4 firm, initially carrying out external audits before spending 12 years specialising in, and providing advice on, technical accounting matters under IFRS and local GAAP. He sits on the MIA's Financial Reporting Committee, has contributed significantly to the MIA's development of GAPSME as well as its guidance note on the accounting implications arising from the Consolidated Group (Income Tax) Rules, and has more than 14 years of experience in delivering seminars on financial accounting. He is a fellow of the MIA and ACCA, holds a CPA warrant, and has recently set up Accounting Advice by David Leone Ganado."


3 Hours Core


Terms and conditions  apply


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


Contact Us

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E-mail: info@miamalta.org

Tel. +356 2258 1900

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