VAT Exemptions

This webinar will explore the VAT exemptions outlined in the EU VAT Directive (Council Directive 2006/112/EC) as transposed into the Fifth Schedule to the Malta VAT Act (Cap.406 of the Laws of Malta) and will delve into the key VAT exemptions applicable to specific supplies of goods and services, including exemptions with credit, exemptions without credit, exempt intra-Community acquisitions, and exempt importations. In particular, the webinar will touch upon, amongst other things, the conditions and criteria necessary for these exemptions to apply, as well as their impact on the right of input VAT deduction. Practical examples will be used throughout the session to illustrate the application of the VAT exemptions in different scenarios and highlight the implications that such exemptions may have on businesses. This session is tailored to equip accountants and tax professionals with the essential knowledge required to understand the applicability of VAT exemptions and to ensure that the correct VAT treatment is applied.

The Speakers

Jonathan Pace is a Manager within Deloitte Malta’s Indirect Tax service line, focusing on the provision of indirect tax advisory and compliance services to domestic and international clients.

Jonathan has been active in the local tax and financial services industry since 2014 and is currently a Manager within Deloitte Malta’s Indirect Tax service line, focusing on the provision of indirect tax advisory and compliance services to domestic and international clients. He also has experience working overseas, having been seconded to the Luxembourg office for a period of seven months between 2016 and 2017.

Having attained the ACCA qualification in 2016, Jonathan is an accountant by profession and a member of the Malta Institute of Accountants. In 2022, Jonathan also obtained the Professional Award in Taxation offered by the Malta Institute of Taxation.

Jonathan has extensive experience in VAT, spanning various industries and sectors, in particular iGaming and yachting. Currently, he also forms part of the Young Members focus group within the Malta Institute of Accountants and occasionally delivers specialised VAT training for various educational institutes in Malta.

Vanessa Micallef joined the Deloitte Malta’s tax team in 2006 after graduating with Honours in Bachelor of Accountancy from University of Malta. In 2008, she obtained a Diploma in Taxation from the Malta Institute of Taxation. Vanessa works on both direct tax and indirect tax projects for local and multinational groups. Since 2011, Vanessa has specialised in VAT whose role primarily entails providing indirect tax advice to entities carrying out business in Malta, particulary on immovable property and gaming. She is also involved in VAT compliance projects for both local and international firms and assists companies undergoing VAT investigations. In addition, Vanessa is currently working on various due diligence engagements and M&A transactions.