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• M24042 -Fair Taxation of the Digitalised Economy – International developments (Online)

  • When
    21 May 2024
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

  Registration Time: 13:15
  Sessions Time: 13:30 - 16:45  including a 15-minute break
  Speaker: Dr Timothy Borg Olivier
  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

  The OECD has, for some time, been attempting to ensure a fair taxation of the digitalised economy. An effort which started off initially through BEPS Action One has now developed to a ‘Two-Pillar Solution to address the tax challenges arising from the digitalisation of the economy’, a project which admittedly extends beyond the digitalised economy and which will undoubtedly have an impact on all sectors. This session will primarily focus on the first pillar of the solution, which is primarily targeted at re-allocating taxing rights away from Multinational Enterprise’s home countries to the markets where they have business activities and earn profits, regardless of whether they have a physical presence therein.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • OECD BEPS Action 1

  • Pillar One

  • Examples of digital taxes in foreign jurisdictions.

  Target Audience

  Advisors to and finance/tax teams of groups operating digital or online businesses.

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  This session will give attendees a high-level understanding of the international developments in relation to the taxation of Multinational enterprises and highlight unilateral measures which have been introduced as interim solutions.

  Speaker's Profile

  Timothy Borg Olivier is a lawyer by profession and is currently a Senior Manager within the international tax team at Deloitte Malta. Timothy studied law at the University of Malta before furthering his studies at the University of Leiden where he read for and successfully obtained an Advanced Masters in International Tax Law from the International Tax Centre. Following his graduation, Timothy served as a Teaching Assistant within the International Tax Centre. Timothy advises and assists a number of local and international clients in connection with cross border transactions and has particular industry expertise in relation to the iGaming industry.

  EVeNT CPE COMPETENCies

  
  

  3  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.

  Show details
• M24053 - Tax Series - 3 Day Session (Online)

  • Start
    27 Jun 2024
  •  
  • End
    12 Jul 2024
  •  
  • Schedule
    3 sessions
  • Location
    Online Webinar

  Register

  Registration Time: 09:00

  Sessions Time: 09:15 - 12:30 (with a 15 min break)
  Speakers: Ms Markita Falzon, Mr Luke Aquilina

  Venue:   Online Webinar
  

  Participation Fees 
  MIA Members: €110.00

  Non-MIA Members: €215.00

  Retired Members: €50.00

  Students: €80.00

  Session 1 - Arriving at the chargeable income 

  BACKGROUND INFORMATION

  This session will provide an overview of the fundamental principles of taxation in Malta, through which we will determine how companies registered in Malta are brought to tax in line with the Income Tax Act. We will look into the different components that play a part in determining the chargeable income of an entity which will be subject to tax in Malta.

  Specific topics to be covered during the sessioN

  • Basis of taxation for companies registered in Malta.
  • The difference between income and capital
  • Badges of trade linking to classification of active and passive income.       
  • Overview of the exemptions and deductions applicable under Maltese law.

  Session 2: Tax Accounts and the Tax Payment and Refund Mechanism

  BACKGROUND INFORMATION

  Malta operates a full imputation system of taxation whereby, upon a dividend distribution, the immediate shareholders receive a full credit of the tax paid on the distributable profits at the level of the distributing company. The full imputation system is accompanied by the tax refund mechanism, in respect of which following a distribution of profits in favour of the shareholders, the same they are entitled to claim a refund of the Malta tax which was paid at the level of the distributing company. The nature and source of the income should be taken into consideration to determine the amount of refund which the shareholder can claim. The tax refund system can reduce the effective tax rate from 35% to 5%.

  Specific topics to be covered during the sessioN

  • General overview of the Maltese tax refund mechanism and the full imputation system.
  • Analysis of the different tax accounts linked to the specific tax refunds as provided for under the Income Tax Management Act.

  Session 3: Fiscal Unity 

  BACKGROUND INFORMATION

  The Consolidated Group (Income Tax) Rules came into effect for financial periods starting on or after January 1, 2019. This session will explore both theoretical and practical aspects of these rules. The theoretical aspect of this course will focus on the details of subsidiary legislation and the guidance provided by tax authorities over the years. Furthermore, this session will delve into practical considerations, examining the challenges encountered when dealing with consolidated tax groups.

  Specific topics to be covered during the sessioN

  • Analysis of key definitions specified within the Subsidiary Legislation + Guidance issued by the Tax Authorities
  • Practical implications in relation to registering and exiting a fiscal unit.
  • Practical examples in relation to computing the effective tax rate of the company.
  • Information with respect to the preparation of the consolidated income tax return

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  MIA Members should attend these sessions to grasp the basic principles of taxation for corporate entities established in Malta, with a specific focus on international entities which are entitled to claim tax refunds and also apply for fiscal consolidation.
  

  Target Audience
  

  This course is targeted for accountants, lawyers as well as students who are pursuing or intend to pursue a career in direct taxation. It is also ideal for individuals who would like to obtain a better understanding of how corporate entities are taxed in Malta.

  SPEAKERS' PROFILES

  Markita Falzon is a Certified Public Accountant and Tax Leader at Zampa Debattista. She has been specialising in direct taxation since 2015. She has vast experience in corporate and personal tax compliance, succession planning, company restructurings and reorganisations and is also involved in tax advisory matters mostly related to domestic legislation. Markita is a member of the Malta Institute of Accountants and the Malta Institute of Taxation. She also forms part of the Malta Institute of Accountants, Direct Tax Committee.

  Luke Aquilina is a Tax & Transfer Pricing Senior Team Leader at Zampa Debattista. He completed his ACCA, followed by an Advanced Diploma in International Taxation from the Chartered Institute of Taxation. He recently completed the Advanced Professional Certificate with the International Bureau of Fiscal Documentation (IBFD) and is currently sitting for the Vienna Certificate in Transfer Pricing with the Vienna University of Economics and Business. Luke used to focus on corporate income tax, helping clients from diverse industries both locally and internationally. However, he has since shifted his primary specialisation to encompass both local and international Transfer Pricing matters.

  EVENT CPE COMPETENCies9

  9 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.

  Show details
• M24053.1 - Arriving at the chargeable income (Online)

  • When
    27 Jun 2024
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  Registration Time: 09:00

  Sessions Time: 09:15 - 12:30 (with a 15 min break)
  Speakers: Ms Markita Falzon, Mr Luke Aquilina

  Venue:   Online Webinar
  

  Participation Fees 
  MIA Members: €110.00

  Non-MIA Members: €215.00

  Retired Members: €50.00

  Students: €80.00

  BACKGROUND INFORMATION

  This session will provide an overview of the fundamental principles of taxation in Malta, through which we will determine how companies registered in Malta are brought to tax in line with the Income Tax Act. We will look into the different components that play a part in determining the chargeable income of an entity which will be subject to tax in Malta.

  Specific topics to be covered during the sessioN

  • Basis of taxation for companies registered in Malta.
  • The difference between income and capital
  • Badges of trade linking to classification of active and passive income.       
  • Overview of the exemptions and deductions applicable under Maltese law.

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  MIA Members should attend these sessions to grasp the basic principles of taxation for corporate entities established in Malta, with a specific focus on international entities which are entitled to claim tax refunds and also apply for fiscal consolidation.

  Target Audience
  

  This course is targeted for accountants, lawyers as well as students who are pursuing or intend to pursue a career in direct taxation. It is also ideal for individuals who would like to obtain a better understanding of how corporate entities are taxed in Malta.

  SPEAKERS' PROFILES

  Markita Falzon is a Certified Public Accountant and Tax Leader at Zampa Debattista. She has been specialising in direct taxation since 2015. She has vast experience in corporate and personal tax compliance, succession planning, company restructurings and reorganisations and is also involved in tax advisory matters mostly related to domestic legislation. Markita is a member of the Malta Institute of Accountants and the Malta Institute of Taxation. She also forms part of the Malta Institute of Accountants, Direct Tax Committee.

  Luke Aquilina is a Tax & Transfer Pricing Senior Team Leader at Zampa Debattista. He completed his ACCA, followed by an Advanced Diploma in International Taxation from the Chartered Institute of Taxation. He recently completed the Advanced Professional Certificate with the International Bureau of Fiscal Documentation (IBFD) and is currently sitting for the Vienna Certificate in Transfer Pricing with the Vienna University of Economics and Business. Luke used to focus on corporate income tax, helping clients from diverse industries both locally and internationally. However, he has since shifted his primary specialisation to encompass both local and international Transfer Pricing matters.

  EVENT CPE COMPETENCies9

  3 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.

  Show details
• M24057 - The Tax Treatment of the Aviation Industry (Online)

  • When
    2 Jul 2024
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  Registration Time: 09:00

  Sessions Time: 09:15 - 12:30 (with a 15 min break)
  Speaker: Mr Robert Attard
  Venue:   Online Webinar
  

  Participation Fees 
  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

  Maltese tax law contemplates ad hoc provisions relating to the tax treatment of income from aviation activities. Similarly, double tax treaties based on the OECD Model ring fence the aviation sector. Special provisions relating to air transport are contemplated in the VAT act too. Even the tax and social security treatment of personnel employed in the aviation sector is regulated by specialized rules. Recent developments occurring at EU level add to the complexities governing the sector. The webinar will briefly analyse all tax rules pertinent to the aviation sector. 

  Specific topics to be covered during the sessioN

  • Provisions in the Income Tax Act tackling aviation

  • International tax rules governing aviation
  • VAT rules pertinent to air transport 
  • EU developments relevant to the sector 

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  Whether you are working in the aviation industry, or servicing a client within this industry, it is critical that you have a good understanding of the specific taxation rules that apply while also remaining up to date on the relevant tax-related developments.

  SPEAKER'S PROFILE

  Dr Robert Attard is Partner and Tax Policy Leader, EY, Central & South East Europe, a tenured senior lecturer at the University of Malta, a fellow of GREIT and member of the European Association of Tax Law Professors. In the IBFD’s 2015-2017 General Report on the Protection of Taxpayers’ Rights he was described as a well-known authority broadly experienced in the practical protection of taxpayers’ rights and a prominent member of the legal practice. Having served as a panellist at the 2015 IFA Congress he forms part of a study group of the International Law Association on the “Protection of Taxpayers’ Rights” (co-chaired by Advocate General Juliane Kokott and Pasquale Pistone) and is also a member of the Supervisory Council of the IBFD/IFA’s “Observatory on the Protection of Taxpayers’ Rights”. He has served as Visiting Professor at the University of Ferrara paying lecturing/speaking visits at Queen Mary (University of London), CTL (University of Cambridge), Salerno (with Wirtshaftsuniversitat Wien and Naples II) and the University of Palermo. The Maltese Court of Appeal has described him as a leading commentator on tax law referring to his publications in its judgements. Robert developed a detailed knowledge of tax aspects of the European Convention on Human Rights drafting submissions in cases filed against France, the Netherlands, Bulgaria and Malta. Robert is a published author on tax law publishing articles in European Taxation, EC Tax Review and the British Tax Review. He has contributed to several publications including a book published by Hart Publishing, 3 books published by the IBFD and several books published by the MIM. Philip Baker remarks that ‘Single-handedly, Robert is generating the literature which explains the structure and nuances of the system in Malta. One wishes other countries had similar authors who could write similarly enticing books to explain their tax codes.” Robert has argued most of Malta's leading tax cases including landmark judgments John Geranzi v. PM (right to justice within a reasonable time), Zahra v. PM (non bis in idem

  EVENT CPE COMPETENCies
  

  3 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.

  Show details
• M24053.2 - Tax accounts and the tax payment and refund mechanism (Online)

  • When
    4 Jul 2024
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  Registration Time: 09:00

  Sessions Time: 09:15 - 12:30 (with a 15 min break)
  Speakers: Ms Markita Falzon, Mr Luke Aquilina

  Venue:   Online Webinar
  

  Participation Fees 
  MIA Members: €110.00

  Non-MIA Members: €215.00

  Retired Members: €50.00

  Students: €80.00

  BACKGROUND INFORMATION

  Malta operates a full imputation system of taxation whereby, upon a dividend distribution, the immediate shareholders receive a full credit of the tax paid on the distributable profits at the level of the distributing company. The full imputation system is accompanied by the tax refund mechanism, in respect of which following a distribution of profits in favour of the shareholders, the same they are entitled to claim a refund of the Malta tax which was paid at the level of the distributing company. The nature and source of the income should be taken into consideration to determine the amount of refund which the shareholder can claim. The tax refund system can reduce the effective tax rate from 35% to 5%.

  Specific topics to be covered during the sessioN

  • General overview of the Maltese tax refund mechanism and the full imputation system.
  • Analysis of the different tax accounts linked to the specific tax refunds as provided for under the Income Tax Management Act.

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  MIA Members should attend these sessions to grasp the basic principles of taxation for corporate entities established in Malta, with a specific focus on international entities which are entitled to claim tax refunds and also apply for fiscal consolidation.

  Target Audience
  

  This course is targeted for accountants, lawyers as well as students who are pursuing or intend to pursue a career in direct taxation. It is also ideal for individuals who would like to obtain a better understanding of how corporate entities are taxed in Malta.

  SPEAKERS' PROFILES

  Markita Falzon is a Certified Public Accountant and Tax Leader at Zampa Debattista. She has been specialising in direct taxation since 2015. She has vast experience in corporate and personal tax compliance, succession planning, company restructurings and reorganisations and is also involved in tax advisory matters mostly related to domestic legislation. Markita is a member of the Malta Institute of Accountants and the Malta Institute of Taxation. She also forms part of the Malta Institute of Accountants, Direct Tax Committee.

  Luke Aquilina is a Tax & Transfer Pricing Senior Team Leader at Zampa Debattista. He completed his ACCA, followed by an Advanced Diploma in International Taxation from the Chartered Institute of Taxation. He recently completed the Advanced Professional Certificate with the International Bureau of Fiscal Documentation (IBFD) and is currently sitting for the Vienna Certificate in Transfer Pricing with the Vienna University of Economics and Business. Luke used to focus on corporate income tax, helping clients from diverse industries both locally and internationally. However, he has since shifted his primary specialisation to encompass both local and international Transfer Pricing matters.

  EVENT CPE COMPETENCies9

  3 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.

  Show details
• M24053.3 - Fiscal Unity (Online)

  • When
    12 Jul 2024
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  Registration Time: 09:00

  Sessions Time: 09:15 - 12:30 (with a 15 min break)
  Speakers: Ms Markita Falzon, Mr Luke Aquilina

  Venue:   Online Webinar
  

  Participation Fees 
  MIA Members: €110.00

  Non-MIA Members: €215.00

  Retired Members: €50.00

  Students: €80.00

  BACKGROUND INFORMATION

  The Consolidated Group (Income Tax) Rules came into effect for financial periods starting on or after January 1, 2019. This session will explore both theoretical and practical aspects of these rules. The theoretical aspect of this course will focus on the details of subsidiary legislation and the guidance provided by tax authorities over the years. Furthermore, this session will delve into practical considerations, examining the challenges encountered when dealing with consolidated tax groups.
  

  Specific topics to be covered during the sessioN

  • Analysis of key definitions specified within the Subsidiary Legislation + Guidance issued by the Tax Authorities
  • Practical implications in relation to registering and exiting a fiscal unit.
  • Practical examples in relation to computing the effective tax rate of the company.
  • Information with respect to the preparation of the consolidated income tax return

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  MIA Members should attend these sessions to grasp the basic principles of taxation for corporate entities established in Malta, with a specific focus on international entities which are entitled to claim tax refunds and also apply for fiscal consolidation.

  Target Audience
  

  This course is targeted for accountants, lawyers as well as students who are pursuing or intend to pursue a career in direct taxation. It is also ideal for individuals who would like to obtain a better understanding of how corporate entities are taxed in Malta.

  SPEAKERS' PROFILES

  Markita Falzon is a Certified Public Accountant and Tax Leader at Zampa Debattista. She has been specialising in direct taxation since 2015. She has vast experience in corporate and personal tax compliance, succession planning, company restructurings and reorganisations and is also involved in tax advisory matters mostly related to domestic legislation. Markita is a member of the Malta Institute of Accountants and the Malta Institute of Taxation. She also forms part of the Malta Institute of Accountants, Direct Tax Committee.

  Luke Aquilina is a Tax & Transfer Pricing Senior Team Leader at Zampa Debattista. He completed his ACCA, followed by an Advanced Diploma in International Taxation from the Chartered Institute of Taxation. He recently completed the Advanced Professional Certificate with the International Bureau of Fiscal Documentation (IBFD) and is currently sitting for the Vienna Certificate in Transfer Pricing with the Vienna University of Economics and Business. Luke used to focus on corporate income tax, helping clients from diverse industries both locally and internationally. However, he has since shifted his primary specialisation to encompass both local and international Transfer Pricing matters.

  EVENT CPE COMPETENCies9

  3 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.

  Show details
• M24048 - VAT Exemptions (Online)

  • When
    16 Jul 2024
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  Registration Time: 09:00
  Sessions Time: 09:15 - 12:30  including a 15-minute break
  Speaker: Mr Saviour Bezzina
  Venue:   Online Webinar

  Participation Fees 
  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

  The EU VAT Directive 2006/112/EC  provides for various VAT exemptions which are transposed into the Fifth Schedule to the Maltese VAT Act Cap.406 of the Laws of Malta applicable to particular supplies of goods and services. The session will focus on the main VAT exemptions primarily:

  • Exemptions with credit,

  • Exemptions  Without Credit

  • Exempt Intra community Acquisitions

  • Exempt importation

  During the session we will discuss mainly the conditions and respective criteria which need to be satisfied in order for such exemptions to apply including the effect on the right of refund too. The importance is primarily two-fold; on one side one needs to ensure that the exemptions are only applied when all the applicable conditions are satisfied, hence avoiding under declaring any output VAT (with the respective implications of penalties and interest). On the other hand it is equally important to be aware of the applicability of the exemptions, which if not identified in a  timely manner might lead to the un-necessary imposition of VAT when not essentially required, hence potentially leading to over-charging on certain supplies with the respective implications on competitiveness.  

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • Background Information

  • Exemptions with credit

  • Exemptions  Without Credit

  • Exempt Intra Community Acquisitions

  • Exempt Importations

  Why is the session of relevance to our members?

  Attendance is encouraged in order for participants to understand when VAT is due to be charged or not due to the applicability of a VAT Exemption (hence avoiding charging/self-charging VAT when there is an opportunity not to) and at the same time making sure that VAT Exemptions are not interpreted and applied incorrectly as it might prove to be costly. More importantly, the session will explain the theoretical basis and the respective practical implementation of VAT Exemptions enabling the participants to understand which are those factors/provisions which determine whether a supply is exempt or not any why. As always, active participation and questions from participants are encouraged and will be tackled and answered during the session itself making the session more useful and relevant for all those participants 

  Target Audience

  This course is ideal both to experienced personnel (directors, accountants, lawyers, financial professionals, accounting students, financial staff) who have been working in VAT 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 VAT Exemptions. It is also ideal for newcomers in the respective sectors who have an opportunity to get a very good theoretical and practical understanding of the main applicable VAT Exemptions and how (and when) these are applied in practice.

  Speaker's Profile

  Mr 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 is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters. 
  

  EVeNT CPE COMPETENCies

  
  

  3  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.

  Show details