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 impact of Maltese direct and indirect tax on cryptocurrency transactions and investments.

The session will cover the tax classification and consequent treatment of coins and tokens and the income they generate, as well as their treatment for VAT and duty on documents and transfers. Further, during the session, we will go through the direct and indirect tax treatment of activities such as mining, token issues and exchanges.

Target Audience: Accountants, Lawyers, Entrepreneurs, Corporate Service Providers and related professionals

Learning Outcomes:

• General tax principles to be adhered to
• The definition of cryptoassets for tax purposes
• How to categorise cryptoassets for tax purposes
• Tax on the return on investment from the holding of cryptoassets
• Tax on capital gains on the transfer of cryptoassets
• Duty on the transfer of cryptoassets
• General VAT treatment of cryptoasset transactions
• Specific income tax, duty and VAT implications for mining, token issues and exchanges

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hours: This course qualifies for 2.5 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainer:

Trudy Muscat, Senior Manager, International Tax Advisory, KPMG in Malta

Trudy, a lawyer, joined KPMG as a tax advisor in 2013. Trudy focuses on the application and interaction of Maltese and European corporate and fiscal legislation in local and cross-border scenarios. She has worked in tax law with international clients since 2010, assisting both personal and corporate clients to improve their tax efficiency sustainably, particularly in light of the OECD BEPS Project and EU developments.

Trudy coaches a team of lawyers focused on fiscal and corporate law, assisting individuals and corporates in applying international, EU and local tax law to their business activities, including through the use of legal relationships such as trusts, foundations, partnerships and joint ventures as is suitable to the case at hand.

Since the inception of Malta as a hub for genuine blockchain business, she has been focusing on the fiscal intricacies of DLT assets and transactions and the implications of emerging technology use cases. She has also attended and given numerous lectures and presentations in connection with the subject matter.

Trudy is frequently asked to deliver lectures, both locally and abroad. In Malta, she lectures part of the course leading to the Advanced Diploma in International Taxation (ADIT) and the MIT Course on Taxation and is frequently invited to give lectures by the Malta Institute of Management, the Malta Institute of Taxation, the Malta Institute of Accountants as well as other academic organisations. She also sits on the Education Committee of the Malta Institute of Taxation and on the Ethics and Tax Committees of the IFSP.

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Terms and conditions.