Walkthrough of a Typical VAT Return
The seminar will show how a VAT return is to be compiled showing what is to declared in practically all of the boxes in a VAT return and will tackle the following issues:
Cross border supplies of goods and services and receipt of both goods and services
Exempt without credit supplies
Treatment of Disbursements
Place of supply
Treatment of foreign VAT
Rights to Input VAT
Time of Supply
Utilisation of excess credits
Adjustment to filed returns and penalties for incorrect returns
The example to be discussed will range from simple issues to more complex ones in an interactive manner and all attendees will be provided with a copy of the finalised return with explanations to its compilation.
JOSEF MERCIECA is a Senior Tax Manager at BDO. Josef holds a first degree in Accounting and has worked with one of the Big Audit firms in Malta for four years, three years of which heading the indirect tax section of the firm. He also acted as the Tax Director for one of the longest established small audit firms for nearly six years where he headed both the direct and indirect tax department.
Josef is a member of the Malta Institute of Accountants (MIA) and the Malta Institute of Management and has lectured and delivered seminars and training on topics relating to VAT, local and international tax on various occasions, both in Malta and abroad. Josef was one of the contributing authors in "Principles of VAT Law" the first ever local publication on VAT in Malta and regularly authors articles on taxation. He is a lecturer with Richard Clarke Academy where he lectured Taxation (F6) for several years, nowadays focusing only on the full "Advanced Taxation" (P6) course and the revision course thereto. He also provides lecturing to MIM in respect of place of supply rules in the VAT diploma. Josef has a broad experience in advising local and foreign clients in the setup of tax efficient structures in particular involving international tax, capital gains tax, property transfer taxed and duty on documents and transfers.