Arriving at the Tax Charge

This session will provide an insight and practical examples on the key aspects relevant to the computation of the chargeable income and the current tax charge for companies, including:

• Malta’s jurisdiction to tax
• The income chargeable to tax
• The distinction between income and capital
• Exempt income
• Allowable deductions
• Group relief provisions
• Tax treatment of passive income
• Capital gains computation
• The applicable tax rate
• Double tax relief

The Speaker

Thomas Zammit is a Senior Manager as part of the tax function of KPMG Malta, having joined during 2016 after completing the Master in Accountancy degree at the University of Malta. He also completed the Advanced Diploma in International Taxation which is awarded by the Chartered Institute of Taxation. Thomas specialises in domestic and international corporate tax, whereby he is involved in the provision of tax compliance and tax advisory services to local and international corporate clients across various industries.