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CPE hours will be allocated according to the attendance of the events.
• The deduction system incorporated in EU VAT Law promotes fiscal neutrality. But, what does this mean and what are the fundamentals for a ‘tax neutral system’?
• A right to deduct means a person’s right to claim from the tax authorities the VAT paid on acquired goods and services. But, ‘who’ may exercise such right to deduct?
• You will learn that not all economic activities give an entitlement to deduct input VAT. Then in that case, ‘which’ activities give a right to deduct?
• The deduction system comes with several limitations and restrictions including a ‘list’ of ‘what cannot’ be deducted. What does such list include?
• A business which carries out mixed supplies must claim back the input tax on a partial attribution basis. What does this entail? How do you account for the input tax on a partial attribution basis? Is there any specific methodology for calculating this?
• Therefore, the scope of the session is to go through the pertinent provisions from the EU VAT legislation in conjunction with the Malta VAT legislation with a view to better understand the concepts of the right to deduct input VAT.
• Origin and scope of right of deduction;
• Proportional deduction;
• Restrictions on the right of deduction – “Blocked Items”;
• Rules governing exercise of the right of deduction;
• Adjustment of deductions – including ‘Capital Goods Scheme’
• The ECJ on the right of deduction
Target Audience
The training course is particularly suitable for professionals, tax advisors and practitioners working in VAT or who are pursuing or intend to pursue a career generally in taxation and specifically in the area of indirect taxation. This session may also be applicable to financial controllers and CFOs.
Brandon Gatt, a Certified Public Accountant in possession of an ACCA degree, has been in the profession for the past six years. He has been involved in VAT and accounting assignments both within and outside of Malta. Brandon has been specialising in VAT since 2016 and is currently leading the VAT Compliance division at Zampa Debattista.
In a relatively short period, Brandon has acquired the necessary experience vital to handling an ever-growing portfolio of diverse clients, operating within various sectors of the economy. Back in June 2017, he attended an intensive course in France, provided by VAT Forum; a partnership of International VAT experts, where he was provided with intensive training on the Articles of the EU VAT directive 2006/112/EC. He is now reading for the EU VAT Expert Degree.
Brandon Gatt: A Certified Public Accountant in possession of an ACCA degree, has been in the profession for the past six years. He has been involved in VAT and accounting assignments both within and outside of Malta. Brandon has been specialising in VAT since 2016 and is currently leading the VAT Compliance division at Zampa Debattista.
• The role of company service providers, targeting accountants
• Customer Due Diligence – sector-specific guidance
• Ongoing Monitoring – sector-specific guidance
• Terminating Business Relationships
• Real-Life Scenarios
• Company Service Providers, directors, MLROs, compliance officers,
• Employees tasked with onboarding and ongoing monitoring of customers
• Accountants
• Sole Practitioners
Dr Rakele Cini is an independent legal consultant with many years of experience in AML/CFT, regulatory and compliance advisory. She primarily advises local & international firms / practitioners operating within the regulated industries on matters relating to the prevention of money laundering & funding of terrorism, due diligence, risk management, good governance, and other compliance areas. She is invited to lecture regularly by private institutions and regulatory bodies on these topics. She was previously head of Risk & Compliance at BDO Malta and, prior to that, formed part of the practice protection group at Deloitte Malta for numerous years.
