08:45 | Registration & Welcome Coffee Break
9:00 | Introduction
Dr Sarah J Rausi | Senior Associate, Fenech & Fenech Advocates
9:15 | Direct Local Tax Updates Taking Place During 2019
Angie Said White | Deloitte Malta
The session will highlight recent key changes in the Malta Income Tax Act, Income Tax Management Act and Duty on Documents and Transfers Act, that were implemented to the local tax legislation in 2019 and discuss upcoming changes for 2019 and 2020.
10:15 | The Tax Measures Discussed in the Budget Speech
Josef Mercieca | Partner, BDO
The session will discuss the salient provisions impacting the income tax and VAT laws emanating out of the budget speech 2020.
11:15 | Mid-Morning Coffee Break
11:30 | VAT Updates 2019
Louise Grima | Assistant Manager, KPMG
The session will discuss the updates to the Maltese VAT Act which came into effect in 2019 as well as the Guidelines issued by the VAT Department during the year including inter alia the guidelines related to the sports and welfare VAT exemptions. Salient conclusions of cases discussed at Court of Justice of the EU level will also be discussed.
12:15 | EU VAT Quick Fixes
Vanessa Micallef | Deloitte Malta
As of 1 January 2020, VAT rules for EU cross-border supplies of goods will change across all EU Member States. The implementation of the so-called four “Quick Fixes” is a first step towards the definitive EU VAT Regime.
In short, the 4 Quick Fixes have the following effects:
- Harmonisation of the EU cross-border call-off stock rules;
- Harmonisation of the EU cross-border chain transactions rules;
- Harmonisation of the rules for documenting EU cross-border movements of goods; and
- Mandatory VAT ID number verification for EU cross-border supplies.
13:00 | Working Lunch
13:45 | Increased Transparency and Exchange of Information in Tax matters
Dr Sarah J Rausi | Senior Associate, Fenech & Fenech Advocates
This session will examine recent international efforts geared towards combating tax evasion and avoidance by multinational corporations, while looking into the circumstances which led to an increase in the need to improve transparency and administrative cooperation with a view to prevent aggressive tax planning and abusive tax practices. Furthermore, the speaker shall also provide an overview of the measures available to equip tax authorities with rules and instruments to address the issue, following the BEPS project of the OECD and the introduction of the requirement for country-by-country reporting.
14:30 | Updates on the taxation of the Digitalised Economy
Dr Timothy Borg Olivier | Tax Manager, Deloitte Malta
The taxation of the digitalised economy has long been at the forefront of the EU and the OECD’s agenda, with little to no success to date. Following the proposals on the introduction of a digital services tax and the concept of significant digital presence, the EU has decided not to move forward with either of the proposals and are looking towards the OECD to come up with a solution to the existing problem. As we all wait for the OECD to release its final report on BEPS Action 1, a number of countries have proceeded to introduce unilateral measures aimed at tackling the digitalised economy. This session will look at the current discussions at the OECD and a number of the unilateral measures adopted by relevant jurisdictions.
15:15 | Mid-Afternoon Coffee Break
15:30 | The General Court of the European Union’s Decision in Starbucks and Fiat Chrysler
Dr Robert Attard | Partner, Ernst & Young
The seminar will discuss the two important tax judgments delivered by the General Court on 24 September 2019. Both judgments deal with transfer pricing, international tax avoidance and EU Tax law (State Aid). The seminar will discuss the judgments’ relevance to Malta.
16:30 | Close of Conference & Distribution of Attendance Certificates
Dr. Sarah J Rausi graduated as Doctor of Laws from the Faculty of Laws, University of Malta in 2009. Admitted to the bar in 2010, she has practised in various areas and received exposure to diverse sectors of the law. She has successfully completed all study-units for the Masters in Financial Services and has also obtained the Malta Institute of Taxation Diploma in Taxation. In 2011 she joined ‘Fenech and Fenech Advocates’ with her main areas of practice being tax and other related matters including corporate tax, indirect tax, personal tax, international tax planning and tax litigation. She has written a number of articles on the direct and indirect taxation topics which have been published in international journals as well as local journals and newspapers. In the professional field she is subscribed as a member with the Malta Chamber of Advocates, the Malta Institute of Taxation and the Institute of Financial Services Practitioners.
Angie Said White joined Deloitte in 2015 and forms part of the Global Employer Services team where she focuses on individual tax client requirements and on employer’s tax related matters. Angie has more than twelve years’ practical knowledge and experience in various Tax Departments.
Josef Mercieca is a Tax and Fintech Partner BDO. Josef holds a first degree in Accounting and has worked with one of the Big Audit firms in Malta for four years, three years of which heading the indirect tax section of the firm. He also acted as the Tax Director for one of the longest established small audit firms for nearly six years where he headed both the direct and indirect tax department.
Josef is a member of the Malta Institute of Accountants (MIA) and the Malta Institute of Management and has lectured and delivered seminars and training on topics relating to VAT, local and international tax on various occasions, both in Malta and abroad. Josef was one of the contributing authors in “Principles of VAT Law” the first-ever local publication on VAT in Malta and regularly authors articles on taxation. Josef was an ACCA lecturer with Richard Clarke Academy where he lectured both Taxation (F6) and Advanced Taxation (P6) for nine years. Josef has a broad experience in advising local and foreign clients in the setup of tax-efficient structures, in particular, involving international tax, capital gains tax, property transfer taxed and duty on documents and transfers. Josef is also a VFA designate person with BDO where he heads the firm’s VFA service line.
Louise Grima is an assistant 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 tax compliance and on local and foreign advisory projects. 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.
Vanessa Micallef joined the Deloitte Malta’s tax department in 2006 after graduating with Honours in Bachelor of Accountancy from University of Malta. Vanessa has been a member of the tax team since that time, working on both direct tax and indirect tax projects for local and multinational groups. Since 2011 Vanessa has specialised in VAT and currently focuses on VAT compliance and advisory projects for both local and international firms. Vanessa obtained a Diploma in Taxation from the Malta Institute of Taxation.
Dr Rebecca Diacono is an Associate working within the International Practice Department of Fenech and Fenech Advocates since 2014. Rebecca obtained her Doctor of Laws in 2016 and was admitted to the bar in 2017, after successfully defending her thesis “Exchange of Information between Jurisdictions in Income Tax Matters”. She has also successfully completed the Malta Institute of Taxation Professional Certificate in Taxation (Cert. Tax) and is currently reading a Masters in Financial Services at the University of Malta. Rebecca forms part of the Tax and Immigration Department at the firm and her main areas of practice include direct and indirect tax, corporate tax, private clients, personal tax and immigration.
Dr Timothy Borg Olivier is a tax manager at Deloitte, with a particular focus on cross-border arrangements. Timothy completed graduated as a lawyer from the University of Malta in 2014 and has gone on to read and graduate (cum laude) in an Advanced LLM in International Tax Law at the International Tax Centre, University of Leiden. Upon completion of his LLM, Timothy was offered a position as a teaching assistant within the same programme. Timothy now works in the tax and legal team at Deloitte, with specific focus on the digital economy, iGaming industry and DLT sector.
Dr Robert Attard is Partner and Tax Policy Leader, EY, Central & South East Europe, a tenured senior lecturer at the University of Malta, a fellow of GREIT and member of the European Association of Tax Law Professors. In the IBFD’s 2015-2017 General Report on the Protection of Taxpayers’ Rights he was described as a well-known authority broadly experienced in the practical protection of taxpayers’ rights and a prominent member of the legal practice. Having served as a panellist at the 2015 IFA Congress he forms part of a study group of the International Law Association on the “Protection of Taxpayers’ Rights” (co-chaired by Advocate General Juliane Kokott and Pasquale Pistone) and is also a member of the Supervisory Council of the IBFD/IFA’s “Observatory on the Protection of Taxpayers’ Rights”. He has served as Visiting Professor at the University of Ferrara paying lecturing/speaking visits at Queen Mary (University of London), CTL (University of Cambridge), Salerno (with Wirtshaftsuniversitat Wien and Naples II) and the University of Palermo. The Maltese Court of Appeal has described him as a leading commentator on tax law referring to his publications in its judgements. Robert developed a detailed knowledge of tax aspects of the European Convention on Human Rights drafting submissions in cases filed against France, the Netherlands, Bulgaria and Malta. Robert is a published author on tax law publishing articles in European Taxation, EC Tax Review and the British Tax Review. He has contributed to several publications including a book published by Hart Publishing, 3 books published by the IBFD and several books published by the MIM. Robert’s most recent tax publication is Principles of Maltese Income Tax Law 2013. Robert’s books have anticipated important changes to our tax policy system. Philip Sciberras (ex-Court of Appeal) describes Principles of Maltese Income Tax Law as ‘a must-read’ describing Robert as ‘an expert in his field, … without doubt one of Malta’s finest scholars on tax law’. Giovanni Bonello (ex-ECtHR) says that the book is ‘not just an arid explanation of the intricate and sometimes opaque provisions of taxation law, but an attempt – and a very successful one – to place fiscal law in the context of superior principles of governance … Attard’s systematic vademecum has the makings of a textbook destined to become a classic, crucial for tax consultants, practitioners and, not least, for the victims of aggressive fiscal policies’. Philip Baker remarks that ‘Single-handedly, Robert is generating the literature which explains the structure and nuances of the system in Malta. One wishes other countries had similar authors who could write similarly enticing books to explain their tax codes.” Robert has argued most of Malta’s leading tax cases including landmark judgments John Geranzi v. PM (right to justice within a reasonable time), Zahra v. PM (non bis in idem), Farrugia v. PM (taxation as a violation of the right to property) and Case 160 of 2012 (tax transparency).
Start date: 19/11/2019
Start time: 09:00
End time: 16:30
Venue: The Xara Lodge
Phone: +356 27555560 / +356 77555560