VAT in the Financial Services Industry

The session focuses on salient VAT principles and specific obligations applicable to the financial services industry and is targeted towards an audience with particular interest in the sphere. The following aspects will be explored during the session:

1. The application and interpretation of the financial services VAT exemptions;
2. The new 12% VAT rates applicable to certain services as from 1st January 2024;
3. Input VAT and input VAT recovery rights of businesses engaged in this industry including the application of the capital goods scheme;
4. The relevance of VAT Grouping
5. CESOP obligations

The Speaker

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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