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MIT Tax & Industry Series: Yachting and Shipping
2 sessions covering income tax & VAT considerations applicable to the yachting and shipping industry |
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9 July 2024 - Income tax
During this session, the speakers William Cassar & Maria Kristina Cauchi shall endeavour to cover inter alia the following topics:
• General overview of the income tax options available to the yachting and shipping companies.
• Extensive overview of the tonnage tax regime, both from a theoretical and practical point of view.
• Outlining the differences, and the potential benefits, between the normal tax regime versus the tonnage tax regime.
• Discussing the taxation of Advanced Provisional Allowance (APA) o Taxation of seafarers
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17 July 2024 - VAT
William Cassar & Kurt Micallef shall endeavour to cover inter alia the following topics:
• General VAT principles
• New means of transport and the VAT implications arising thereof.
• VAT implications arising in the context of yachting owning companies, where they yacht is used purely for pleasure purposes.
• VAT implications arising in the context of yacht owning companies, where the yacht is used for the purpose of chartering.
• VAT implications arising in the context of operating leases.
• 12% reduced VAT rate and more
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Programme Outline
Participants have the option to follow the full series or any one or more sessions
- Session 2: 09/07//2024 (10.00 – 12.00): Income tax considerations applicable to the yachting and shipping industry
- Session 3: 17/07/2024 (10.00 – 12.00): VAT considerations applicable to the yachting and shipping industry
Click here to view the programme outline.
Venue: Online
Speakers: William Cassar, Maria Kristina Cauchi & Kurt Micallef
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