The first session – Direct Tax – provides an overview of the tax considerations for funds and fund managers including:

• The income tax considerations for prescribed and non-prescribed funds;
• The investment income provisions in relation to payments of investment income to a prescribed fund;
• The taxation at the level of the investors in a collective investment scheme;
• Tax Accounting and Tax Refund System as applicable to funds and fund managers; and
• Other relevant tax considerations

Date: 15 May 2024
Time: 13:30 - 16:00
Speaker: Luisa Grima
Online

The second session – VAT –  will focus on a number of salient VAT considerations, including:

• the scope of the VAT exemption for the management of investment schemes (incl. the qualifying funds and the meaning of ‘management’ for the purposes of the exemption)
• the VAT treatment of certain services supplied to/purchased by funds / fund managers (including, the scope of the new reduced rate for services relating to custody of securities)
• eligibility for input tax deduction

Date: 16 May 2024
Time: 13:30 - 16:00
Speaker: Sarah Cassar Torregiani
Online