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 session will delve into recent VAT and income tax changes through which separate entities can be regarded as one taxable person for VAT purposes and as a single fiscal unit for income tax purposes.

The first part of the session we will delve into the application and implications associated with the setting up of a Malta VAT Group. The session will start off by giving a brief overview of relevance of VAT Grouping in light of VAT law and VAT principles and then goes on to highlight:

1. The conditions that need to be fulfilled for a taxable person to be entitled to create and join a Malta VAT Group;
2. The VAT saving opportunities associated with VAT Grouping – this will be done by means of illustrative examples of how VAT Grouping can be applied in the gambling and financial services industries; and
3. Additional implications associated with the setting up of a Malta VAT Group and factors that need to be taken into account in assessing whether to join a Malta VAT Group

During the second part of the session we will brush up on the relevant income tax obligations of companies, including the application of the tax refund system and the implications associated with the recent introduction of the rules relating to tax consolidation. We will go through the technical guidelines issued by the Maltese Tax Authorities.

Target Audience:

Accountants, lawyers and other professionals who would like a better understanding of tax consolidation rules and how they interact with the current partial tax refund system as well as accountants, lawyers and other professionals seeking to gain an appreciation for VAT Grouping rules, particularly professionals dealing with VAT matters of entities in the gaming, financial services and insurance industries.

Learning Outcomes:

As a result of the session you should be able to identify the key points to consider when determining whether to opt for consolidation, thereby making use of opportunities for tax efficiency for your group. Participants will have the opportunity to put forth questions both before and during the live session.

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 1 hour of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Luisa Gauci, Senior Manager, International Tax Advisory, KPMG Malta

Louise Grima, Assocaite Director, Tax – VAT Compliance/Advisory, KPMG in Malta

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.

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