International Tax Updates
During this session we will discuss the salient updates from the international tax arena, concentrating both on EU initiatives and beyond. Our discussion will start off with the highly topical Mandatory Disclosure Rules, affecting all intermediaries (including lawyers, accountants, advisors and other CSPs) that are in one way or another assisting in cross-border arrangements. We will briefly outline the new obligations arising from DAC6, discuss the most relevant hallmarks and touch upon the important deadlines.
We will then concentrate on the EU’s Anti-Tax Avoidance Directive and the rules that have entered into effect both in January 2019 and in January 2020, discussing practical examples and highlighting the key risks and implications for the Maltese tax scenario.
Subsequently, we will zoom in on the Principal Purpose Test that has been introduced through the multilateral instrument and which will impinge upon the great majority of tax treaties by introducing an additional layer that should be tested whenever treaty benefits are being claimed. Finally, our panel will discuss the OECD and EU initiatives with respect to the digital economy, the progress so far and what we expect to see in the near future in this space.
The session is aimed at corporate service providers, law firms, sole practitioners and other professionals that are interested in the fast-paced international tax field and that are involved in structures that may be affected by the new rules.
This session is aimed at equipping the attendees with a brief overview of the 4 identified fields within the international tax arena in order to enable them to identify issues that may require further detailed analysis.
Time: 09:00 – 11:45
Venue: Live online session – details of how to join the meeting will be sent once registration is complete
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.
Michail Tegos, Associate Director, International Tax Advisory, KPMG in Malta
Michail, a lawyer, read his master’s in tax law at the International Tax Center, University of Leiden, the Netherlands. Following graduation from his master’s degree, he was handpicked and asked to stay on as the academic coordinator for the next two-and-a-half years, and he still lectures on the taxation of shipping and air transport. He is also lecturing in the international tax and Malta variants for the course leading to the Advanced Diploma in International Taxation (ADIT) conferred by the UK Chartered Institute of Taxation and at the Malta Institute of Taxation. He has lectured at the KPMG Business School in the fundamentals and advanced international tax training (in Amsterdam and Hamburg). He is an Associate Director at KPMG Malta involved in the provision of tax advice to a broad range of international businesses, including a number of multinationals, in respect of a diverse range of projects including tax structuring, group restructuring and financing, and in the provision of advice on international tax issues as regards investments made into, out of or through Malta.
Roderick Borg, Associate Director, International Tax Advisory, KPMG in Malta
Roderick Borg is an accountant by profession. He joined the tax function of KPMG after graduating with a first class degree in both the B. Com course and the B. Accty (Hons.) course from the University of Malta. In 2010, Mr Borg was awarded the diploma in taxation with distinction from the Malta Institute of Taxation. He is currently an Associate Director involved in the provision of direct and indirect tax compliance and advisory services to domestic and international corporate and individual clients. He also delivers lectures in various seminars and professional educational activities relating to taxation matters including taxation modules to students reading for their ACCA qualification.
Ruth Bonnici, Manager, International Tax Advisory, KPMG in Malta
Ruth is a warranted lawyer and graduated with a Doctor of Laws from the University of Malta in 2016. She read her Advanced Masters in International Taxation at the International Tax Centre, University of Leiden in the Netherlands and graduated cum laude in 2018. In 2015 Ruth joined KPMG Malta and is currently a Manager within the International Tax Advisory team, being particularly involved in the provision of direct tax advisory services to international corporate clients. Ruth also regularly delivers classes in various courses relating to international tax.
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- Guided Learning 2.5 Hours
- Language English
- Assessments Not Applicable