Value Added Tax Exemptions

40.00 Inc VAT

Tuesday 08 June 2021 | 14:00 (Europe/Malta)

Online Live Session

MIA Accreditation | 3 hours Core in terms of the Accountancy Board CPE scheme.

Seats Available

The Fifth Schedule to the Maltese VAT Act provides for various VAT exemptions which are applicable to specific transactions/activities. The session will focus on the main VAT exemptions primarily:

  • Exemptions with credit;
  • Exemptions  without Credit;
  • Exempt Intra community Acquisitions; and
  • Exempt importation.

During the session we will discuss mainly the conditions/criteria which need to be satisfied in order for such exemptions to apply including the effect on the right of refund too. The importance is primarily two-fold; on one side one needs to ensure that the exemptions are only applied when all the applicable conditions are satisfied, hence avoiding under declaring any output VAT (with the respective implications of penalties and interest). On the other hand it is equally important to be aware of the applicability of the exemptions, which if not identified in a timely manner might lead to the un-necessary imposition of VAT when not essentially required, hence potentially leading to over-charging on certain supplies with the respective implications on competitiveness.  Reference to specific situations/ examples which will be continuously made throughout the session in a user-friendly manner whilst encouraging questions from the attendees to make the session as relevant as possible.

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Saviour Bezzina is the manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact.  He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters. Saviour was awarded the 2007 MIA prize as the best student who graduated in the Bachelor of Accountancy (Hons) Degree Course Group 2004/2006.



Events Resources

Events resources will be sent by email after the delivery of the event.

Event Details

Day 1: 08/06/2021

Start time: 14:00 CEST

End time: 17:15 CEST

Venue: Online Live Session

Phone: +356 27555560 / +356 77555560