Registration Time: 09:00
Sessions Time: 09:15 - 12:30  including a 15-minute break
Speaker: Mr Kenneth Cremona
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

In the realm of financial services, Value Added Tax (VAT) introduces unique considerations. Unlike any other areas, financial services involve complex transactions that can span borders. This poses challenges in determining the appropriate VAT treatment for various financial activities. Moreover, this may lead to inconsistencies and complexities for multinational financial institutions operating in multiple countries. Due consideration must also be taken on the rise of digital finance and cross-border transactions further complicates VAT compliance for financial service providers, requiring careful navigation of evolving regulatory landscapes and international tax frameworks. Indeed, this session will also focus on the new local 12% VAT rate focusing on aspects of certain financial transactions and the new CESOP requirements. 

SPECIFIC TOPICS TO BE COVERED DURING THE SESSIOn

• Refreshing VAT Core Principles

• VAT and the Financial Services:

• Introduction

• Analysing the VAT exemption through Case Studies

• Analysing the new 12% VAT Rate in relation to Financial Services (including going through new guidelines)  

• Eligibility for Input Tax Claim & Partial Attribution

• CESOP: A Walkthrough

• Other Considerations related to the Financial Industry
  

• Practical Case Study

WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

Interested parties should attend this session to gain crucial insights into VAT and its implications for the finance industry. By understanding VAT regulations and compliance requirements specific to financial services, the participants can ensure accurate financial reporting, manage VAT impacts on financial statements, and optimise VAT efficiency while minimising tax liabilities. This is most especially in light of  the new 12% VAT rate & CESOP Requirements

TARGET AUDIENCE

Auditors, Accountants, Students, Financial Industry Specialists, Tax Lawyers

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.

EVeNT CPE COMPETENCies

3  Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

DISCLAIMER

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Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.