Tax Compliance Course (Corporate Taxation)- April/May 2020

The course includes 4 individual sessions with a practical focus.   The course will cover all the basics to arrive at the Malta tax chargeable including double taxation relief and tax credits.  One session will also be dedicated to the completion of the tax return.

The course is aimed for practitioners and other interest parties who want to gain a working knowledge of the salient income tax features for companies.

Instructed by: Jeanette Calleja Borg. in:

Seminar Description

The course includes 4 individual sessions with a practical focus.   The course will cover all the basics to arrive at the Malta tax chargeable including NID, double taxation relief and the refundable tax credit.  One session will also be dedicated to the completion of the tax return.

The course is aimed for practitioners and other interest parties who want to gain a working knowledge of the salient income tax features for companies.

This will be a practical course, based on the case studies. Attendees are required to bring their laptop to the session.

CPE

Qualifies for 16 CPE CORE hours under the core competency area.

Course Fee

The course fee is €260 for Member and €295 for Non-Members. Each session can also be booked individually at a cost off  €70 per session for Members and €80 per session for Non-Members. The fee covers seminar participation, coffee break and access to event resources.

Early Bird offer if booking and payment is made by the 31 December – 15% discount on above prices

A receipt will be issued to all participants.

Parking facilities

Ample parking is also available close to the venue.

Event Resources

Participants will receive the event resources by email.

Additional Information

For more information, kindly use the following communication mediums:

T: 21 58 53 74   M: 77 01 17 19   E: info@skillsmalta.com        Webpage: www.skillsmalta.com

Programme

All Sessions are held from 09:00 to 13.15.  Registration 08:45 to 09:00

Session 1 Tuesday 21 April – Basic Concepts of Income Tax

a. Concepts of income tax
i. Who and what is subject to income tax? Where does income arise?
ii. Understand the tax concept of residence and domicile
iii. Understand the difference between income and capital

b. Deductible expenses
i. Understand the need to adjust the accounting profit to calculate the tax profit
ii. Determine what are the allowable expenses (positive test) and the disallowed expenses (negative test)
iii. Understand capital allowances
iv. Understand NID

Session 2 Tuesday 28 April – Taxation of Companies and Tax Accounting Rules

a. Exemptions
i. Understand exempt income for companies and non-resident
ii. Understand the meaning of the participating holding and its relevance

b. Arriving at the Tax Charge
i. Practical examples of different scenarios and how to calculate chargeable income

c. Tax Accounting Rules
i. Identify the different types of tax accounts
ii. Identify to which tax account profits should be allocated to

Session 3 Tuesday 5 May – Double Taxation Relief and The Refundable Tax Credit

a. Double Taxation Relief
i. Understand the nature and causes of double taxation
ii. Understand the operation of the 4 mechanisms contemplated in the Maltese tax system for the elimination of double taxation
iii. Understand how double taxation is eliminated through examples

b. The Refundable Tax Credit
i. Understand who is eligible for the refundable tax credit
ii. Understand how to register shareholders’ for this purpose
iii. Understand how to calculated the refundable tax credit through examples
iv. Understand how to complete a refundable tax credit application

 Session 4 Tuesday 12 May – Completing the income tax return  

a. Completing the income tax return
i. Practical session, preparing an income tax return from beginning to end
ii. Going through the different tax return attachments and provide examples when these must be used and how these should be reported               in the tax return

About Speaker

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Dr. Jeanette Calleja Borg is a practitioner in the area of tax compliance with over 14 years experience. She read for a Bachelor of Commerce, a Bachelor of Accountancy (Hons.), a Masters in Financial Services from the University of Malta and subsequently a Ph.D in…