Registration Time: 13:15
Sessions Time:13:30 - 16:45  including a 15-minute break
Speaker: Mr Kenneth Cremona
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

This session will give a detailed walkthrough of the current and future rules in respect to this sector. Indeed, The European Commission’s Vat In the Digital Age (“VIDA”) package which includes changes (the second pillar) impacting this industry. Moreover, discussions are under way for comprehensive legislative VAT package on tourism. This package aims to update several provisions of the VAT Directive that are especially important for the tourism industry. The initiative also seeks to align the sector's rules with the goals of the new EU Industrial Strategy. As a result, tourism is a key focus of the EU policy agenda, with top priority given to supporting its green and digital transition.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

1. Refresher on core principles of VAT
2. Review of current rules addressing this topic, namely:
    a. The beneficial VAT rates related to the tourism sector & how to apply them
    b. Special Margin Scheme for Travel agents
    c. ECO Contribution
    d. Current situation in respect to the platforms of short term rental accommodation market
3. Overview of
    a. The VIDA package (2nd Pillar) relating to: the Platform economy and short term rental accommodation  market
   b. the VAT Travel and tourism package, including:
         i. Specialised scheme for travel agents;
        ii. VAT rules on passenger transport;
        iii. Exemption on supply of goods to non-EU traveller
4. Practical examples focusing on this industry

Why is the session of relevance to our members?

Professionals should join this session to gain a thorough understanding of the upcoming proposed legislative changes in VAT specifically tailored for the tourism sector. As the European Commission plans to revise the VAT Directive with significant implications for travel and tourism businesses, staying informed is crucial.

Target Audience

Accountants, Accounting Students, VAT Advisors, 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

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