Customs & Intrastat

Customs duty refers to the tax imposed on goods when they are transported across international borders. In simple terms, it is the tax that is levied on import and export of goods This session will give an overview of customs and related topics, discussing common pitfalls and queries relevant to stakeholders. This seminar is prepared for industry professionals, and will include:

• A discussion on Custom Duty Concepts (both Import Duties act and Customs Ordinance) ;
• Comparing and contrasting with Excise Tax;
• An overview of the new Cross Border Adjustment Mechanism;
• A practical discussion linking VAT and Customs.
• An overview of the intrastat requirement and submission

The Speaker

Kenneth Cremona graduated with a Master in Accountancy from the University of Malta in 2015. Kenneth joined RSM Malta in 2016, initially working on Income Tax Compliance dealing with clients established in multiple industries including Gaming, Immovable Property, Investments, Pharmaceuticals and Retail. During 2019, he specialised in VAT advisory and was promoted to a Supervisory role within the firm, and as an Assistant Manager in 2021. Kenneth is also a CPA warrant holder and received the Professional Certificate in Taxation issued by the Malta Institute of Taxation in 2017.