Comparing the Tax Treatment of Foundations to that of Trusts

Course Outline

The lecture will provide participants with an overview of the practical implications of Foundations under Maltese Law. It will outline the background of the 2007 Legal Persons and Foundations legislative project and will highlight similarities and differences between foundations and other legal institutes. It will also review the tax treatment of Foundations under the recently enacted Foundations (Income Tax) Regulations, 2010 (L.N. 312 of 2010) and will compare such tax treatment to that of trusts.

Who should attend?

The course is aimed at notaries, accountants, other professionals and their staff and all other persons who wish to receive practical and updated information on the Practical Implications of Foundations and the Tax Treatment of Foundations and Trusts.

Accreditation / Certification

This Course has been accredited with ?? hours of structured CPE and qualifies for the attainment of Professional Competencies in terms of the MIA CPE Regulations.


Institute of Legal Studies Tuition Centre, 11/12 Vincenti Buildings, Strait Street, Valletta, VLT 1432.


Registration costs €35 including VAT. If you are interested kindly use our online registration form.


Tuesday, 28th September, 2010

Foundations: The Practical Implications
Lecturer: Dr. Anthony Cremona

Comparing the Tax Treatment of Foundations to that of Trusts
Lecturers: Dr. Nadia Cassar & Ms Amanda Agius

About the Lecturers

Anthony Cremona, LL.D., M.A. (Fin.Serv.), Mag. Jur. (Intl Law), TEP read law at the University of Malta between 1991 and 1997. He was conferred the degree of LL.D. in 1997 after presenting a thesis on trust law. He read for a Masters degree in Financial Services at the University of Malta in 2000. He also read for a Magister Juris in International Law at the same University graduating in 2003 after presenting a thesis on the subject of „International Law aspects of Double Taxation Treaties from a European Law perspective.‟

He was admitted to the Bar in January, 1998 and currently practices both before the Inferior as well as before the Superior Courts. He is a Partner in the Trust Practice with the law-firm, Ganado & Associates, Advocates, which law-firm was entrusted with the task of leading the Project Team taking care of the Trust Law reform project that culminated in the extensive 2004 amendments to the Maltese trusts law (and other related laws). He has contributed to various international and local journals on matters relating to trust law and, from time to time, also sits on various sub-committees of the Institute of Financial Services Practitioners that deal with trust related issues. He is a member of STEP (Malta), of the Institute of Financial Services Practitioners, of the Malta Institute of Taxation and of the Malta Camera degli Avvocati. He is also a visiting lecturer at the University of Malta.

Amanda Agius, B.Accty (Hons), Dip Tax, MIA, MIT, CPA is a Certified Public Accountant and has specialised in taxation since graduating from the University of Malta in 2006. She has worked with one of the big four audit and accountancy firms in tax advisory and tax compliance services. Amanda provides tax advisory services to international clients and specialises in Corporate Taxation and Value Added Tax. She has also completed the Diploma in Taxation by the Malta Institute of Taxation.

Dr Nadia Cassar, LL.D., LL.M. (London) graduated as lawyer from the University of Malta in 2003, following which she proceeded to read a LL.M. in Tax Law from Queen Mary & Westfield College, University of London. She returned to Malta where she joined PricewaterhosueCoopers in the tax and legal department. She joined Ganado & Associates in 2009. She has dealt with and continues to deal with international corporate tax issues, with her advice covering both direct and indirect taxation.

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