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The MIT Weekly ~ 7 February 2024
 
 
The MIT Weekly

Tax News & Updates

 
 

CESOP Registration Deadline extended

Payment service providers whose home Member State or host Member State is Malta, and who have an obligation to register...

Amendment to the Income Tax Exemption Order

Widow’s Pension and Survivor’s Pension have been added to the list of allowances...

 
 

Malta-Switzerland Treaty

LN 15 of 2024 notified that the Protocol amending the Double Taxation Agreement between the Government...

CFE Tax Top 5

This week’s edition of the CFE Tax Top 5 looks at the following:

  • CFE Opinion Statements on the EU Commission BEFIT & Transfer-Pricing Proposals...
 
 

VAT Guidelines - 12% for hiring of Pleasure Boats

The MTCA has published guidance on the scope and application of the reduced rate of 12%, introduced with effect from 1 January 2024, for services consisting of the short term hiring of pleasure boats. View here.

VAT Guidelines - 12% for care of the human body

The MTCA has published guidance on the scope and application of the reduced rate of 12%, introduced with effect from 1 January 2024, for services consisting of care of the human body. View here.

 
 

🖥️ Webinar on the Scope of the New 12% VAT Rate

Date: 29 February 2024
Time:
14.00 - 16.00
Speakers: Sarah Cassar Torregiani & Louise Grima
Online

 
 
 
 
 

Tax & Anti-Money Laundering

TAX AML - Visual  

Our specialised programme on the notions that ‘Subject Persons’ should consider when managing and mitigating the risk of money laundering/terrorist financing activities that are facilitated by tax crimes started earlier this week with an introduction to tax fundamentals.

We are still taking bookings for the remaining sessions.


Book any two sessions:

➡️ Sessions 3 and 4 - AML Fundamentals (12 & 14 February) ⬅️ 
➡️ Sessions 5 and 6 - TAX AML Deep Dive (26 & 28 February) ⬅️ 

This course is open to both tax and non-tax professionals, but will be of particular interest to non-tax professionals in Anti-Money Laundering/Compliance roles.

 
 
 
 
 

MIT Short Course on VAT Compliance - Starting 19 February 2024

  VAT Compliance seminar

A 5-lecture course which covers the principles underpinning VAT reporting (key principles and practical examples) and the main practical aspects of VAT reporting:
➡️ VAT registration
➡️ invoicing & record keeping
➡️ completing a VAT return (art. 10) and related documentation.

This course is suitable for accountants, lawyers, financial controllers and other individuals who work or wish to obtain a foundation in VAT compliance and reporting.

Option to follow the full programme or any one or more lectures [Lectures 4 and 5 have to be taken as a set]

VAT Concepts & Salient Principles: the foundations of VAT reporting - 19 February 2024
VAT Registration: the options & obligations - 24 February 2024
VAT Records & Documentation (tax invoices & fiscal receipts) - 4 March 2024
Completing a VAT Return (workshop) - 11 March & 25 March 2024

 
 
 
 
 

MIT Series: Global Minimum Tax Rules
Book individual sessions or full course

A deep dive into the Global Minimum Tax Framework over 5 Sessions:
  • Session 1: 15/02/2024 (13.00 – 15.00): Scope of GloBE Rules & mapping out the MNE Group
  • Session 2: 13/03/2024 (13.00 – 15.00): The components of the Jurisdictional ETR: GloBE Income or Loss [Part 1]
  • Session 3: 17/04/2024 (10.00 – 12.00): The components of the Jurisdictional ETR: Adjusted Covered Taxes [Part 2]
  • Session 4: 15/05/2024 (10.00 – 12.00): Determining the Top-up Tax Amount & the Inclusion Rules
  • Session 5: 12/06/2024 (13.00 – 15.00): Transitional Rules, Compliance Obligations & Safe-harbours
Book any one or more sessions (sessions 2 and 3 must be purchased together)
 
 
 
 
 

MIT Short Course on Personal Tax
Book individual sessions or full course

28 February 2024 - Basis of Taxation
6 March 2024 - The Charging Provisions
13 March 2024 - Fringe Benefits (Part 1)
18 March 2024 - Fringe Benefits (Part 2)
20 March 2024 - Tax Compliance (Personal Tax Return & other documentation)
27 March 2024 - International Tax Considerations (Part 1)
1 April 2024 - International Tax Considerations (Part 2)
3 April 2024 - Special Schemes (Part 1)
8 April 2024 - Special Schemes (Part 2)
10 April 2024 - Social Security
15 April 2024 - Trusts
(17 April 2024 - Revision lecture for persons signed up for the full course)

Click on the links above book individual sessions or below to book the full course.