Carmel Said Formosa

Senior Tax & Business Development Manager at Acumum - Legal & Advisory Malta

About Carmel

I am a fully qualified and licensed accountant and auditor with 15 years' experience working in taxation. I have successfully assisted clients from around the globe in setting up tax efficient personal and corporate structures operating in or through Malta. After commencing my career in taxation working with the highest tax authorities in Malta, I have worked with a number of law firms in Malta operating in the financial services sector. During this period, I offered both direct and indirect tax consultancy services and assisted clients operating in diverse sectors.

Areas of practice

  • Tax Planning
  • Corporate Law
  • Tax Law
  • Fiduciary and Trustee
  • Audit and Accounting
  • Wealth Management
  • Banking
  • Company Formation
  • Other Consultancy

Specialization

  • International Taxation
  • VAT
  • EU Directives
  • Malta Double Taxation Treaties
  • Corporate Tax Planning
  • Trust and Wealth Planning

I am interested in the following jurisdictions

  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Aruba
  • Bahrain
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China
  • Colombia
  • Congo
  • Costa Rica
  • Cuba
  • Cyprus
  • Democratic People's Republic of Korea
  • Democratic Republic of the Congo
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • France
  • Gambia
  • Ghana
  • Greece
  • Guatemala
  • Guernsey and Alderney
  • Hong Kong
  • India
  • Indonesia
  • Iraq
  • Isle of Man
  • Israel
  • Italy
  • Ivory Coast
  • Japan
  • Jersey
  • Jordan
  • Kenya
  • Kuwait
  • Laos
  • Lebanon
  • Liberia
  • Libyan Arab Jamahiriya
  • Liechtenstein
  • Luxembourg
  • Malaysia
  • Malta
  • Marshall Islands
  • Mauritius
  • Mexico
  • Monaco
  • Morocco
  • Nigeria
  • Oman
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Puerto Rico
  • Qatar
  • Republic of Korea
  • Russian Federation
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • San Marino
  • Saudi Arabia
  • Singapore
  • South Africa
  • Spain
  • Swaziland
  • Switzerland
  • Syrian Arab Republic
  • Taiwan
  • Thailand
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Uganda
  • United Arab Emirates
  • United Kingdom
  • Uruguay
  • USA
  • Venezuela
  • Vietnam
  • Virgin Islands, United States
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe

I can help with

  • setting up of tax efficient corporate structures in Malta
  • providing tax advice on the application of both direct and indirect taxation
  • interpretation and application of EU Directives 
  • interpretation and application of double taxation treaties
  • personal tax planning
  • assisting clients apply for Malta Citizenship and residency 
  • the setting up of tax efficient royalty routing structures
  • setting up of trust, foundations and family trust 

Education / Training

  • PhD International Business & Taxation (DIBT), Vienna University of Economics and Business
  • M.Phil Accounting & Taxation (Exeter)
  • M.A. Financial Services
  • Advanced Diploma in International Business Taxation (ADIT, CIOT, UK)
  • Diploma in Indirect Taxation (CIOT, UK)
  • B.A. Hons (Accountancy)
  • B. Commerce (Accountancy & Management)

Experience

My background knowledge in taxation and financial services has provided me with the opportunity to lecturer in various universities in Europe and present my work at various conferences and workshops. I have taught international taxation, VAT as well as financial accounting both in Malta and abroad and have a PhD in International Business Taxation from the Vienna University of Economics and Business. I have also successfully published in leading academic journals. 

Carmel's Activities