Vat Compliance, Obligations & Penalties

In this session, we will comprehensively explore the registration, filing and payment obligations arising under the Maltese VAT Act. In particular, the session will cover the main VAT registration types under Maltese law, detailing when and how each registration type applies. Furthermore, we will examine the obligations arising from each registration type, including the frequency and deadlines for VAT submissions and payments. We will also address the implications which result from late or incorrect filings and payments. This will equip attendees with practical knowledge to maintain full VAT compliance and avoid sanctions under the VAT Act.

The Speaker

Kieran Vassallo is an advisor within the tax function at KPMG Malta, specialising particularly in the area of VAT and other indirect taxes. Kieran joined KPMG in 2020 following graduation at the University of Malta with distinction having completed the Master in Accountancy course. Since joining KPMG, Kieran has been involved in the provision of tax advisory and compliance services to clients operating in various industries. Kieran holds a Diploma in VAT Compliance (Malta) issued by the Association of Taxation Technicians (ATT) and is currently reading for the Advanced Diploma in International Taxation (ADIT). In December 2021, Kieran was awarded the Worshipful Company of Tax Advisers prize for obtaining the highest mark in the EU VAT Module of ADIT.