Anti-Tax Avoidance Directive 1: The guidelines explained

Anti-Tax Avoidance Directive 1: The guidelines explained

Introduction

On 31 August 2020, the Office of the Commissioner for Revenue published the Guidelines in relation to the Anti-Tax Avoidance Directives Implementation Regulations, S.L. 123.187. These guidelines provide some insight on the Office’s interpretation of the provisions transposed into Maltese law by virtue of Council Directive (EU) 2016/1164 (the “Anti-Tax Avoidance Directive 1” or “ATAD 1”).

ATAD 1 was transposed into Maltese law via Legal Notice 411 of 2018 on 11 December 2018. The majority of the provisions of the legal notice entered into force on 1 January 2019, with the exception of Reg. 5 (Exit Taxation), which entered into force on 1 January 2020.

Throughout the webinar, we will be going through the salient aspects of the Guidelines on the interpretation of the ATAD 1 provisions by means of examples. We also intend to adopt a practical approach by cross-referring to the relevant Tax Return Attachments published earlier this year by the Office of the Commissioner for Revenue.

Who Should Attend?

This session is relevant to CFOs, accountants and tax practitioners wishing to obtain a deeper understanding of ATAD 1 provisions, as interpreted by in the Guidelines issued by the Office of the Commissioner for Revenue.

Session Outline

During our session, we will be discussing:

  • Interest Deduction Limitation Rules
  • Exit Taxation
  • Controlled Foreign Company (“CFC”) Rules

CPE Accreditation

2 Hours Core CPE

Registration

Admission fee for this event is 55 Euros (VAT included)

Please register by following this link

For further information, please send an email to events@mt.ey.com

Speakers

Dr. Robert Attard is Partner and Tax Policy Leader, EY, Central & South East Europe, a tenured senior lecturer at the University of Malta and member of the European Association of Tax Law Professors. He has served as Visiting Professor at the University of Ferrara paying lecturing/speaking visits at Queen Mary (University of London), CTL (University of Cambridge), Salerno (with Wirtshaftsuniversitat Wien and Naples II) and the University of Palermo. The Maltese Court of Appeal has described him as a leading commentator on tax law referring to his publications in its judgements. Robert developed a detailed knowledge of tax aspects of the European Convention on Human Rights drafting submissions in transnational cases. He is a published author on tax law and has published with Hart Publishing (Oxford) and I.B.F.D. Robert's most recent tax publication is Principles of Maltese Income Tax Law 2019.

Bernard Bonnici is a Manager within EY Malta’s Business Tax Compliance department. Bernard is an ACCA qualified CPA who joined EY Malta in 2010. Bernard is responsible for EY Malta’s income tax compliance unit, where he leads a team which supports several businesses across a wide variety of industries with their various income tax compliance obligations.  Bernard successfully sat for the Advanced Diploma in International Taxation at the Chartered Institute of Taxation.

Silvio Camilleri is a Manager within EY Malta’s Business Tax Advisory department. Silvio is an CPA by profession and joined EY Malta on a full-time basis in 2012. Initially, Silvio worked within the Business Tax Compliance department, wherein he has assisted both domestic and multinational corporate clients and individual clients in fulfilling their annual tax compliance obligations in Malta. After two years, Silvio moved on to the tax advisory arm of the firm and has since been advising clients on direct tax issues from both a domestic and an international perspective. Silvio lectures Maltese tax modules for ACCA and has successfully sat for the Advanced Diploma in International Taxation at the Chartered Institute of Taxation.

Miraine Falzon is a Senior within EY Malta’s Business Tax Advisory department. Miraine joined EY in 2016 where she assists in the provision of corporate income tax advice and in the carrying out of tax due diligence exercises. She is routinely involved in advising domestic clients and multinationals doing business in Malta on the Malta tax system, on international tax and on the prospective impact of upcoming tax policy changes. Miraine successfully sat for the Advanced Diploma in International Taxation (ADIT) at the Chartered Institute of Taxation, is a casual lecturer at the University of Malta, teaches Maltese tax modules for ACCA and ADIT and is a CPA.

Webcast

Webinar: Anti-Tax Avoidance Directive 1: The guidelines explained

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