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M23063 -The Budget Measures Implementation Act, 2023 and the manuals on taxation of Rental income and Part-Time Work (Online)

  • 19 Jul 2023
  • 09:15 - 12:30
  • Online Webinar

Registration


Registration is closed
Registration Time: 09:00
Sessions Time: 09:15 - 12:30  including a 15-minute break
Speakers: Mr Saviour Bezzina & Ms Janica Aquilina  
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

On 4 April 2023, several amendments to the VAT and Income Tax legislation which were announced in the Malta Budget 2023 speech last October, were enacted through the Budget Measure Implementation Act, 2023 (Act XII of 2023). Hence it is of utmost importance that one is aware of such amendments to the Maltese VAT and Income Tax legislation and the impact which such changes may have together with any action which needs to be taken to ensure full and timely compliance with the new amended provisions. Failure to do so might prove to be costly resulting in potential interest and penalties and other punitive actions which may be taken by the competent authorities.
Earlier on during March 2023 two manuals were issued by the CFR relating to the taxation of Rental Income and Income from Part Time work. The said manuals cover various aspects including how the tax is to be calculated, when is the tax to be paid, applicable deductions and also the declaration of the said taxes. It is important for all effected parties to be aware of these latest updated guidance in order to ensure that any tax covered by the said manual is being accounted for, declared and paid properly and in a timely manner.

Topics on the agenda

  • VAT – Recapitulative Statements and late filing penalties
  • VAT – Information required to combat VAT Fraud and late filing penalties (CESOP - Central Electronic System Of Payment information)
  • Income Tax – Article 31D ITA and other Rental income provisions
  • Income Tax – Article 90A ITA Income from Part time work

Why is the session of relevance to our members?

Attendance is encouraged since it will enable attendees to:
  • identify which are the main changes emanating from this new legislation and guidance as well as the effected parties
  • determine the respective VAT and income Tax Implications
  • establish whether any action needs to be taken in order to ensure proper and timely compliance

Target Audience

This course is ideal both to all financial professionals and supporting staff (directors, accountants, lawyers, financial professionals, accounting students, financial clerks/staff) who deal with VAT and Income Tax compliance and advisory.

SPEAKERS' PROFILEs

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.
Janica Aquilina is an Assistant Manager within EY Malta’s Business Tax Compliance department. Janica is a CPA by profession and joined EY Malta on a full time basis in 2015 after graduating with a Master in Accountancy from the University of Malta. The client base which Janica has worked on is usually local and international companies in a number of diverse industries such as the manufacturing industry, the banking industry and the hospitality industry. In 2018 Janica has successfully obtained a distinction in the Advanced Diploma in International Taxation at the Chartered Institute of Taxation.
Janica is also a part-time lecturer for the Advanced Diploma in International Taxation, and she has also delivered a number of training programmes and seminars.

EVENT CPE COMPETENCies


3 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
               

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