During this session we will brush up on the recent introduction of the rules relating to tax consolidation mainly discussing:
- The Formation of the Fiscal unit and analyse the conditions to determine which entities can form part of the fiscal unit;
- The Pros and Cons of the Fiscal Consolidation;
- The Mechanics/Tax Procedure of the Fiscal Consolidation rules vis-à-vis refund scheme; and
- The Required Administrative Procedures when applying the Fiscal Consolidation Rules.
We will go through the technical guidelines issued by the Maltese Tax Authorities and understand how to apply fiscal consolidation in practice.