Entries by nicholas@m7alpha.com

Embrace tech to address resource shortages and enhance compliance – MIA

Technology can be a major enabler for firms as well as for authorities and regulators, a key tool to address skills shortages, reduce the administrative burden and contribute towards a compliance-based culture in the Maltese jurisdiction. This was a key message emerging during the Malta Institute of Accountants’ (MIA) annual Digital Conference. Introducing the event, […]

Malta’s competitiveness, ease of doing business and improved compliance at heart of accountants’ Budget proposals

The Malta Institute of Accountants (MIA) has highlighted simplification, efficiency, reduced bureaucracy to facilitate business, compliance and competitiveness as top priorities in a set of proposals presented to the Hon. Minister for Finance and Employment Clyde Caruana, in view of the upcoming Budget 2024 and beyond. The initiatives presented to the Minister included a combination […]

Malta Institute of Accountants holds 59th AGM

Mr Mark Anthony Bugeja appointed as new MIA President The Malta Institute of Accountants held its 59th Annual General Meeting on 5th October 2023 at Villa Arrigo, during which seven of its members were elected to its Council. The elected members were Edmond Brincat, Mark Anthony Bugeja, Thomas Galea, Paul Giglio, Ronald Mizzi, Lucienne Pace […]

Right of VAT Refund

The right to deduct or claim VAT on expenses incurred in conducting an economic activity (input VAT) is one of the most important considerations for VAT registered persons. At first glance, the process may look straight- forward: receive the invoices, record them in the VAT return and proceed to claim VAT back. However, quite a […]

Remembering Mr Joseph N. Tabone

Although I pen this appreciation under my name, I know that I echo the sentiments of my fellow colleagues and leaders (past and present) who have worked for (and with), Mr Joseph N Tabone, the founder of Joseph Tabone & Co, later to become the firm it is today, KPMG in Malta. Much has been […]

Malta Institute of Accountants Biennial calls for a rethink of and reform in financial services

Rethinking and reforming the financial services industry was the underlying theme of the MIA Biennial Conference 2023, addressing the key areas that underpin the required reforms towards upgrading the competitiveness and reputation of the Maltese jurisdiction. Stakeholders from regulators and authorities, and industry professionals looked at how the Financial Services Strategy seeks to address existing […]

Take on Metaverse opportunities but address risks, accountants urge

The metaverse, as well as technological developments in the field of blockchain and AI, create a vast array of opportunities, according to Malta’s budding accountants, but establish new risk of abuse associated with money-laundering, tax evasion and financing of terrorism. A Forum hosted by the Malta Institute of Accountants’ (MIA) Young Members Focus Group highlighted […]