events | 01 February 2021

Income Tax Consolidation & VAT Grouping - The Salient Points and Practical Aspects

The session will delve into recent VAT and income tax changes through which separate entities can be regarded as one taxable person for VAT purposes and as a single fiscal unit for income tax purposes.

Course Description:

The first part of the session we will delve into the application and implications associated with the setting up of a Malta VAT Group. The session will start off by giving a brief overview of relevance of VAT Grouping in light of VAT law and VAT principles and then goes on to highlight:

i. The conditions that need to be fulfilled for a taxable person to be entitled to create and join a Malta VAT Group;
ii. The VAT saving opportunities associated with VAT Grouping – this will be done by means of illustrative examples of how VAT Grouping can be applied in the gambling and financial services industries; and
iii. Additional implications associated with the setting up of a Malta VAT Group and factors that need to be taken into account in assessing whether to join a Malta VAT Group

During the second part of the session we will brush up on the relevant income tax obligations of companies, including the application of the tax refund system and the implications associated with the recent introduction of the rules relating to tax consolidation. We will go through the technical guidelines issued by the Maltese Tax Authorities.

Target Audience:

Accountants, lawyers and other professionals who would like a better understanding of tax consolidation rules and how they interact with the current partial tax refund system as well as accountants, lawyers and other professionals seeking to gain an appreciation for VAT Grouping rules, particularly professionals dealing with VAT matters of entities in the gaming, financial services and insurance industries.

Learning Outcomes:

As a result of the session you should be able to identify the key points to consider when determining whether to opt for consolidation, thereby making use of opportunities for tax efficiency for your group. Participants will have the opportunity to put forth questions both before and during the live session.

Date: 08/04/2021

Time: 09:00 – 10.15

Venue:Live online session – details of how to join the meeting will be sent once registration is complete

Fee: €30

CPE Hours: This course qualifies for 1 hour of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.


Kindly note that this session entitles the attendee to 1 KPMG Loyalty Rewards. After collecting 60 Loyalty Rewards, attendees will be entitled to a free CPE session of their choosing. Visit our Loyalty Rewards page to learn more.

Moreover, for every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!

Discover more courses from our KPMG Learning Suites.


Is your employer paying for your CPE seminars? Contact us on kla@kpmg.com.mt to discuss how the employer can benefit from our offers.

Cooperation Partners
  • Malta Employers' Associations
  • Malta Association of Credit Management