[ONLINE] Tax Compliance Course – 20 & 31 May and 03 & 05 June

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 and tax accounting rules.

Instructed by: Jeanette Calleja Borg. in: Uncategorized

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 and tax accounting rules.

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 8 CPE CORE hours under the core competency area.

Course Fee

The course fee is €200 Members and € No235n Members. The fee covers seminar participation and access to event resources.

A receipt will be issued to all participants.

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 11:00

Sessions 1 & 2 20 & 31 May – 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
iv. Taxation of interest & Dividends

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

Sessions 3 & 5 June – 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