Shipping Masterclass – Sailing through Europe’s Prominent Yachting Jurisdictions

Shipping Masterclass - Sailing through Europe's Prominent Yachting Jurisdictions

Course Description:

Discrepancy in VAT rules across Europe over the last years proved the importance of specialised guidance in this sector.

The KPMG Learning is organising a special edition of the Shipping Masterclasses focused on Yachting in Europe. The KPMG Learning Academy will bring together around a virtual table experts from different VAT Teams across the KPMG Network to provide you with VAT insights and updates about Europe’s most competitive jurisdictions such as Malta, Italy, France and UK.

The webinar will also delve on updates from the UK following the entering into full force of Brexit.

The Webinar will be moderated by Stephan Piazza, Senior Manager and Yachting Leader at KPMG Malta and will be followed by a Q&A session.

Target Audience:

The course is addressed to lawyers, accountants and yacht specialists.

Learning Outcomes:

This session is meant to provide guidance on the recent changes to VAT rules affecting this industry during the last years.

Date: 24/06/2021

Time: 09:30 – 11:45 (including 15 minutes break)

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

Fee: €40

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:

Moderator: Stephan Piazza, Senior Manager and Yachting Leader, KPMG Malta

Stephan Piazza

 

KPMG Malta

Graziella Demanuele Bianco, Associate Director – Tax Knowledge Services

Graziella Demanuele Bianco

Louise Grima, Senior Manager, VAT Compliance/Advisory

Louise Grima

Annalise Schembri Cefai, Assistant Manager, Corporate Tax Compliance

Annalise Schembri Cefai

Graziella, Louise and Annalise will delve into:

  • Importation of Yachts through Malta and import VAT deferral mechanisms;
  • VAT considerations associated with the long terms and short-term chartering of Yachts;
  • The revised Maltese VAT use and enjoyment rules;
  • Income Tax Considerations.

 

KPMG Italy

Davide Morabito, Partner, Indirect Tax, Head of the Italian VAT Practice

Davide Morabito

Angela Abawi, Senior Manager, Indirect Tax Services

Angela Abawi

Davide and Angela will discuss:

  • Recently introduced rules regarding the application of zero-rated regime for vessels used for the navigation on high seas;
  • New compliance requirements in connection with the B2C long-term hiring/leasing of pleasure boats within the EU territory;
  • Analyses of Case law of Italian’s Supreme Court on the VAT treatment of the sale & lease back of a yacht.

 

KPMG Advocats France

Laurent Chetcuti, Partner, Indirect Tax

Laurent Chetcuti

Roamin Dayan, Senior Manager, Indirect Tax

Romain Dayan

KPMG UK

Katie Aghabala, Director, Indirect Tax

Katie Aghabala

Katie will provide updates on Brexit six months after the divorce of the UK from the EU.

 

Kindly note that this session entitles the attendee to 2 KPMG Loyalty Rewards. After collecting 60 Loyalty Rewards, attendees will be entitled to a free CPE session of their choosing. Visit our Loyalty Rewards page to learn more.

Moreover, for every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!

Discover more courses from our KPMG Learning Suites.


Is your employer paying for your CPE seminars? Contact us on kla@kpmg.com.mt to discuss how the employer can benefit from our offers.

Course Features

  • Guided Learning 2 hours
  • Language English
  • Assessments Not Applicable
Stephan Piazza

Senior Manager

Stephan joined KPMG in 2017, coordinating the Transport team including both the Shipping & Aviation services across the Audit, Tax and Advisory areas within the firm. His role as coordinator for the firm’s Transport projects sees him at the forefront of some major engagements within the firm’s Shipping and Aviation practice. Stephan provides assistance in connection with the registration of aircraft and AOC application with the Civil Aviation Directorate at Transport Malta, advice upon the local and EU legal framework concerning drones and other unmanned aerial vehicles, and is also able to provide support in aircraft financing transactions. In addition to the above, Stephan also has extensive experience in the corporate law and maritime law space, having assisted several clients with ship and yacht registration procedures and accompanying corporate structures. Stephan has frequently contributed to a number of articles in both local and international journals. He lectures ACCA students in the field of corporate law. Stephan is warranted to practice law in front of the Superior Courts of Malta. He is also a member of the Malta Chamber of Advocates, an Executive Committee Member of the Malta Maritime Law Association, Counsel Member of the Superyacht Industry Network Malta and Executive Committee Member of the Shipping & Bunkering Committee within the Chambers of Commerce and Enterprise. Stephan is actively involved in the legal drafting of maritime related laws at a local level. He has also published a number of articles in both local and international journals. He collaborates with the University of Malta and the Malta College of Arts Science and Technology as an external examiner and has delivered lectures at the ELSA Malta Summer Law School.
Graziella Demanuele Bianco

Associate Director

Graziella Demanuele Bianco, Associate Director at KPMG, is a Certified Public Accountant, with a first class Accountancy degree from the University of Malta. Currently she is in responsible for Knowledge Management within the Tax function. She joined KPMG in 2007 after having worked at the Dublin office, and for 10 years she was involved in the provision of direct and indirect tax advisory services. Before taking on the role of a Tax Knowledge Manager for the firm in 2017, she was the firm’s VAT specialist for five years, providing VAT advisory and with responsibility over the VAT team and the VAT compliance portfolio of the firm. During this period, she acted as the VAT Knowledge Manager for Malta within KPMG’s Global VAT Knowledge Management network. Graziella is also a member of the Indirect Tax Committee of the Malta Institute of Taxation.
Louise Grima

Senior Manager

Louise Grima is a Senior Manager 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.
Davide Morabito
Davide has been with KPMG for 19 years. During his time with KPMG, Davide has cooperated in international tax planning and restructuring projects and has been involved in major engagements of the Italian practice. Davide ordinarily attends international VAT meetings, as leader of the Italian VAT practice. During his time with KPMG, Davide has worked on international tax planning and restructuring projects and has been involved in major engagements of the Italian practice. Davide ordinarily advises on cross border and domestic transactions of multinational companies in the industry, FS and TLC sectors. Davide has delivered Italian VAT training sessions to personnel of multinational companies, and courses on Italian VAT to students at the Universities of Verona and Trento.
Angela Awabi

Senior Manager

In 2014, Angela was seconded to the Indirect Tax department of KPMG London. Angela has also attended several international VAT seminars within KPMG network and the Process & Technology Academy. During her professional time at KPMG Angela has provided consultancy services to major national and international clients in various industries, including companies in the automotive industry, pharmaceutical, telecommunication sectors, with special reference to indirect taxation. Angela has delivered Italian VAT training sessions and seminars on e-invoicing to personnel of multinational companies. Angela is currently involved in Global Tax Outsourcing projects for multinational groups and is assisting many clients with the e-invoicing implementation.
Laurent Chetcuti
Laurent is International Indirect Tax Partner in KPMG Avocats. Laurent is regularly involved in the management of indirect tax issues encountered by operators in the retail sector (i.e., VAT territoriality issues, mitigating the VAT impact, determining cash optimization solutions, identification of solutions in order to maximize cash flow such as reverse charge authorization on import …) and assists clients in their contacts with French Tax Authorities (tax audit, refund claims and litigation, individual ruling request) and before the authorities of the European Union. Laurent is member of the OECD TAG group WP9 dedicated to VAT issues. He is lecturer to Paris I and one of the author of the VAT navigator.
Katie Aghabala
Katie Aghabala joined KPMG in 2018 and is a director in our VAT team. She is based in our Edinburgh office and leads our Scottish Indirect Tax practice. She has 15 years’ experience advising clients on a broad range of UK and international VAT matters. This includes two years in the United States where she advised large multinational businesses on their global VAT footprint. Katie also leads KPMG UK’s indirect tax Transport and Luxury Asset teams. Sector-specific experience: Katie is an international VAT specialist and advises clients across all sectors and business types. She has a specialist understanding of cross-border VAT including both supplies of goods and services. Specific luxury asset project work includes advising on asset ownership, movement and use (including chartering). She also has experience advising on the impact of Brexit on arrangements.
Annalise Schembri Cefai

Assistant Manager

Annalise Schembri Cefai is an Assistant Manager at KPMG Malta. She joined KPMG in 2017 after graduating with a Master in Accountancy from the University of Malta. Since then, she has been working in direct and indirect taxation, assisting a vast array of clients from different industries, including financial services, insurance, yachting and aviation amongst others. Annalise holds a Diploma in VAT compliance and a Professional Award in Taxation, the latter issued by the Malta Institute of Taxation with an overall Distinction.
Romain Dayan

Senior Manager

Romain joined KPMG Avocats in 2019 after 12 year experience within another International Law Firms in Paris, as a VAT/Indirect taxes specialist. He currently serves as an indirect tax senior manager. He has been involved in all aspects of French indirect tax in all sectors of activities and has an extensive experience is the banking sector.