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?

• 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 COMPETENCies

3  Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

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