Taxation of DLT Assets, VFA Regulation & Legal Implications for VFA Services – 4 April 2019

Practical workshop encompassing a discussion on the both direct and indirect taxation issues in relation to DLT assets as well as duty implication. The workshop also discuses the legal implications relating to the provision of a VFA services and the regulation for issuers of virtual financial assets

Instructed by: Jeanette Calleja Borg (Chairperson). in:

Seminar Description

Practical workshop encompassing a discussion on the both direct and indirect taxation issues in relation to DLT assets as well as duty implication. The workshop also discuses the legal implications relating to the provision of a VFA services and the regulation for issuers of virtual financial assets

CPE
Qualifies for 4 CPE CORE hours under the core competency area.

Course Fee
The course fee is €80.00. The fee covers course participation, coffee break and access to event resources. A receipt will be issued to all participants.

Parking Facilities
Participants are advised to make use of the venue’s car park. Parking space in the car park is available on a first come, first served basis. Parking is also available close to the venue.

Events Resources
Participants will receive the event resources by email.

Additional Information
For more information, kindly use the following communication mediums:

08.45 Registration

 09.00 The Guidelines in relation to Distributed Ledger Technology issued by the Commissioner for Revenue – VAT and Duty – Mr. Josef Mercieca

The presentation will discuss the guidelines, issued by the Commissioner for Revenue on the 1st November 2018, in relation to the VAT treatment and duty on documents treatment of transactions or arrangements involving DLT assets. The seminar will analyse the guidelines from a technical point of view but will also discuss the practical implications arising from the guidelines for traders, Issuers of DLT assets and service providers in the industry.

10.00 The Guidelines in relation to Distributed Ledger Technology issued by the Commissioner for Revenue – Direct Taxation – Dr. Jeanette Calleja Borg

The presentation will discuss the guidelines, issued by the Commissioner for Revenue on the 1st November 2018, in relation to the Tax treatment of transactions or arrangements involving DLT assets. The seminar will analyse the guidelines from a technical point of view.

11.00 Coffee Break

11.30  Legal implications relating to the provision of a VFA service- Dr. Christina Scicluna  

This session will focus on the legal implications and license requirements for entities providing a VFA service in or from within Malta and relative exemptions and ongoing obligations. This session will also outline the appointment of relative functionaries by service providers.

12.30 Regulation for Issuers of Virtual Financial Assets

This session will focus on the legal requirements for Issuers of VFA’s, including the high level principles which are to be adopted and requirements for admission to trading on DLT exchanges.

13.25 Questions and Conclusion