In this seminar we will be examining the VAT exemptions that apply to financial services transactions as well as the associated implications for financial services providers such as VAT registration and right of deduction. Interpreting the VAT exemptions for financial services provided in the EU VAT Directive has never been a straightforward task and matters have become more complicated with the introduction of innovative financial service products in the last few decades. The exponential growth of the financial services sector in Malta, has in turn, given rise to an increase in demand for professional advisory, consultancy and compliance services in this challenging field of VAT.
The seminar is particularly suitable for professionals, tax advisors and practitioners who offer or intend to offer advisory and consultancy services to banks and financial services providers. It can also be useful for students who are pursuing studies in accountancy and specialisation in VAT.
Participants are expected to have a sound knowledge of VAT.
Friday, 15th November 2019
13:45 – Registration
14:00 – 15:30 – Part 1
15:30 – 15:45 – Coffee Break
15:45 – 16.50 – Part 2
16.50 – 17:00 – Question time
3 core hours
- Overview of VAT Basic Definitions
- Exemptions for Financial Services
- Case law of the ECJ
- Implications & compliance obligations
- Case study exercise