Accounting & Tax: 2023 Yearly Round-up

This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

The KPMG Learning Academy (KLA) is organising a yearly round-up with regards the accounting and tax updates that took place during 2023. The agenda is as follows:

Introduction
Keynote speech by Jonathan Dingli
IFRS updates
Distributable Reserves
Fiscal Unit – Consolidation under Tax Rules
ESG updates from a financial statements disclosure perspective
VAT updates
Tax updates
Concluding remarks by Jonathan Dingli

Target Audience:

This course is aimed at professional accountants across all business sectors.

Learning Outcomes:

This course will enable the participants to obtain an understanding of the key updates that took place during 2023 with regards Accounting, ESG financial statements disclosure requirements, VAT and Taxation.

Date: 29/11/2023

Time: 9:30 – 11:30

Venue: Live online session – details of how to join the meeting will be sent once registration is complete.

Fee: Free

CPE Hours: This course qualifies for 2 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Jonathan Dingli, Partner, Corporate Accounting Advisory Services, KPMG in Malta

Jonathan Dingli

Maria Attard Filletti, Associate Director, Corporate Accounting Advisory Services, KPMG in Malta

Maria Attard Filletti

Rosalene Caruana, Associate Director, Corporate Accounting Advisory Services, KPMG in Malta

Louise Grima, Associate Director, VAT Compliance/Advisory, KPMG in Malta

Louise Grima

Georges Xuereb, Associate Director, Corporate Accounting Advisory Services, KPMG in Malta

Georges Xuereb

Thomas Zammit, Senior Manager, International Tax Advisory, KPMG in Malta

Thomas Zammit

Sahana Chandrasekhar, Manager, Corporate Accounting Advisory Services, KPMG in Malta

Sahana Chandrasekhar

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Terms and conditions.

Course Features

Guided Learning 2 hours
Language English
Assessments

Jonathan Dingli

Partner

A Partner within the Advisory function, Jonathan leads both the Corporate Accounting Advisory Services team and the Learning Academy at KPMG in Malta. He has over 20 years of experience in the accountancy profession and over 14 years teaching experience. After obtaining his Bachelor of Accountancy Hons. degree (First Class honours) from the University of Malta, Jonathan joined the audit function of KPMG. Several years later he became the first technical officer of the Malta Institute of Accountants and eventually its first Technical Director. In 2012 he set up KPMG’s Accounting Advisory Team which he still leads. In his current role as IFRS specialist Jonathan assists and provides advice to many local and international clients on financial reporting matters to ensure they comply with the most complex requirements of IFRS. More recently, he took the lead of the firm’s training arm, the KPMG Learning Academy. He is responsible for the strategic direction of the academy and is also involved in the delivery of several financial reporting courses under the IFRS learning suites umbrella. He completed his PhD studies in 2021. He lectures on advanced financial reporting at the University of Malta is an elected member of the Council of the MIA.

Maria Attard

Associate Director

Maria joined the corporate accounting team at KPMG Malta on a full-time basis in 2014. Over the years, she continued to grow and expand her knowledge, amassing a vast portfolio of local and international clients. She has assisted with the bookkeeping and the preparation of statutory financial statements of various clients across diverse industries such as financial services, gaming, shipping, property investment, professional services, pharmaceuticals and holding companies. Maria is proficient in applying both the local default accounting framework GAPSME as well as IFRSs as adopted by the EU. She has also assisted clients with the restatement of financial statements from foreign GAAP to GAPSME or IFRS, as the case may be, either as a result of redomiciliation to Malta or for consolidation purposes. She has worked hand in hand with professional advisors in order to devise and implement various restructuring plans put forward by clients. Over the years, she has worked on different types of accounting software, always seeking to use that which best suits the client. She helped clients to implement and ease into new accounting systems whilst making sure that the transition process runs as smoothly as possible. Apart from accounting related support services, Maria also offers advice on VAT related issues and assists clients with their VAT compliance obligations. Occasionally, Maria delivers technical training on VAT and accounting matters, both within KPMG and externally, to clients and with other learning institutions.

Rosalene Caruana

Associate Director

Rosalene has been part of the Corporate Accounting Advisory Services department of KPMG for around 10 years. She immediately joined the team on a full time basis after obtaining her Bachelor of Accountancy (Honours) degree at the University of Malta. Her tasks involve managing a team of advisors within the aforementioned department. Throughout the years, she has assisted clients with their book-keeping and financial statements preparation requirements under both the local default accounting framework (GAPSME) and IFRS as adopted by the EU. She has experience on accounting of various holding companies such as holding of property, plant and equipment, investment property, portfolio of investments, subsidiaries, associates and joint ventures, and other financial instruments such as available-for-sale assets, assets held for trading and loans and receivables under local GAAP and also financial instruments under IFRS 9. She also assisted with the preparation of the accounts of entities in different industries such as pharmaceutical, financial services (licensed entities) and trading entities (in particular retail and grain). She also had exposure to companies involved in affiliate marketing. She also specialises in the provision of accounting advice on various technical accounting matters such as the determination of distributable profits, common control transactions, classification and measurement of assets and liabilities and also accounting implications arising from the application of tax incentives such as the formation of fiscal units and the application of notional interest deduction. She also assists companies with changing their accounting framework from IFRS to GAPSME and vice versa, highlighting any implications arising from such changes. Throughout her work, Rosalene also assists with performing accounting health checks and audit readiness engagements which help clients in having all necessary information on file for their audits.

Louise Grima

Associate Director

Louise Grima is an Associate Director at KPMG Malta. She joined KPMG in 2015 after graduating with a Master in Accountancy from the University of Malta and has since worked in direct and indirect taxation assisting clients established in a number of fields including retailing, gaming, banking, funds amongst others. Louise was awarded the 2015 MIA Best Student of the Year prize for Master in Accountancy Group 2013/2015, holds a Diploma in VAT compliance and has successfully completed the Advanced Diploma in International Taxation with an overall distinction. Louise regularly delivers seminars on both direct and indirect taxation.

Georges Xuereb

Associate Director

Georges provides IFRS and GAPSME advice and delivers accounting topic papers to his clients on complex technical accounting matters. He also assists clients in the preparation of separate and consolidated financial statements in accordance with IFRS or GAPSME, including groups operating in sectors such as manufacturing, logistics, gaming, international business, construction, and financial services. His area of focus in these diverse industries includes IFRS consolidations and the implementation of recently issued IFRSs. Georges also implements Excel-based consolidation tools to large groups to improve their consolidation reporting process, with a focus on quality and complex accounting requirements and reducing reporting timeframes. He has also developed an IFRS 16 Leases tool to assist clients in transitioning to the new leases standard, with focus on automation and timely reporting. Georges delivers technical training and presentations on IFRS matters both internally to his colleagues and to his clients, and delivered lectures on the Financial Reporting and Strategic Business Reporting modules to students as part of their studies in fulfilment of the ACCA qualification.

Thomas Zammit

Senior Manager

Thomas is a Senior Manager as part of the tax function of KPMG Malta, having joined during 2016 after completing the Master in Accountancy degree at the University of Malta. He also completed the Advanced Diploma in International Taxation which is awarded by the Chartered Institute of Taxation. Thomas’s role mainly focuses on domestic corporate tax and incentive legislation, whereby he is involved in the provision of tax compliance and tax advisory services to local and international corporate clients across various industries.

Sahana Chandrasekhar

Manager

Sahana is the a member of the Corporate Accounting Advisory Services team here at KPMG, where she specialises in finance transformations projects and non-financial reporting. She has experience in assisting clients with accounting process optimizing, digital accounting manuals and building smart dashboard. She provides advice on financial and non-financial reporting matters to clients. This includes assisting management with all their reporting objectives, including reducing time taken for preparing financial statements, reduction in manual intervention/errors in reporting, adopting best data management practices, etc. She also advises clients on technical IFRS matters and on sustainability reporting.