Value Added Tax (‘VAT’) is a general, broadly based consumption tax assessed on the value added to goods and services. The EU VAT Legislation instrument ‘Council Directive 2006/112/EC’ provides for a common harmonised system of VAT whilst the VAT Act (Chapter 406 of the Laws of Malta) is the corresponding VAT legal instrument at national level. During this seminar we will go through the basic concepts and scope of VAT, the main principles and obligations in connection therewith and we will discuss a methodical approach to arriving at the correct treatment of a VAT transaction.
The training course is particularly suitable for professionals, who would like to obtain or consolidate the basics of VAT. This session may also be applicable to students who will be sitting for ACCA – Advanced Taxation examination.
No basic knowledge on the subject matter is required.
For this workshop we are accepting bookings for a total of 15 persons only
Friday, 27th September 2019
13:45 – Registration
14:00 – 15:30 – Part 1
15:30 – 15:45 – Coffee Break
15:45 – 17.00– Part 2
17.00 – 17.15 – Question time
3 core hours
- To go through the basic concepts of VAT and to understand the scope of VAT;
- To outline and interpret basic definitions which are fundamental to analysing the VAT treatment of a transaction;
- Thought process by being methodical – five question approach;
- A practical approach to VAT.