M26083 – VAT in Financial Services (Online)
Registration Time: 09:00
Session Time: 09:15 – 12:30 including a 15-minute break
Speakers: Mr Kenneth Cremona & Ms Michela Scicluna
Venue: Online Webinar
Participation Fees
MIA Members: €40.00 | Non-MIA Members: €75.00 | Retired Members: €20.00 | Students: €30.00
Group bookings for 3 or more participants available.
Background Information
Financial services remain one of the most complex areas of VAT due to wide-ranging exemptions, evolving interpretations and the practical challenges of input tax recovery. This session provides a structured overview of the VAT landscape for financial institutions, supported by practical examples and industry-specific case studies covering outsourced functions, cross-border transactions and partial exemption methods.
Specific topics to be covered
- VAT treatment of common financial services.
- Scope and limitations of VAT exemptions.
- Input VAT recovery and partial attribution challenges.
- Cross-border transactions and outsourcing arrangements.
- Practical financial services VAT scenarios.
Why is the session if relevance to our members?
This session equips attendees with clarity on exemption boundaries, recovery methods, and
real-world scenarios that frequently lead to errors. Whether you are a seasoned VAT specialist or
new to the sector, the session offers practical insights that help reduce compliance risk and
improve the accuracy of VAT reporting.
Target Audience
Professionals working in or advising banks, investment firms, insurance companies, fintech operators, compliance teams, accountants and tax practitioners.
Speakers’ Profiles
Kenneth Cremona graduated with a Master in Accountancy from the University of Malta in 2015. Kenneth joined RSM Malta in 2016, initially working on Income Tax Compliance dealing with clients established in multiple industries including Gaming, Immovable Property, Investments, Pharmaceuticals and Retail. In 2019, he specialised in VAT advisory and was promoted to a Manager in 2022. Kenneth is also a CPA warrant holder and received the Professional Certificate in Taxation issued by the Malta Institute of Taxation in 2017.
Michela Scicluna joined the University of Malta in 2012 and obtained her Bachelor of Commerce
Degree in Accounting and Marketing. Following this, she joined one of the Big Four firms
in 2015, simultaneously pursuing her ACCA studies. In 2019, she transitioned to a midtier firm, focusing her expertise on Indirect and Direct Taxation. In June 2019, Michela
obtained her ACCA Qualification and became a member of both MIA and ACCA. In 2021,
Michela successfully completed the MIT Course in Taxation provided by the Malta
Institute of Taxation. Further enhancing her professional credentials, she secured her
CPA Warrant in September 2021. Michela is now a Manager currently specialising in
Indirect Taxation at RSM Malta
CPE Competencies
3 Core
