This session will delve in the following topical VAT matters:

  • Chain transactions and triangulation : when does triangulation apply and how do we determine the VAT treatment of such chain transactions?
  • Disbursements and recharges : what conditions need to be met for a transaction to qualify as a disbursement? What is the VAT treatment of a recharge as opposed to that of a disbursement?
  • The Capital Goods Scheme : when and how should the capital goods scheme be applied?


Louise Grima is a 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 advisory projects servicing clients in a number of industries including financial services, insurance, gambling and international trade. 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. Louise has also successfully completed the Advanced Diploma in International Taxation with an overall distinction. Louise is a member of the Malta Institute of Accountants (MIA), is an ACCA lecturer at KPMG Academy, and regularly delivers courses and seminars relating to VAT. Louise is a member of the MIA Indirect Tax committee.

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