The Malta Institute of Taxation is next month to host the first general assembly of the re-founded Confédération Fiscale Européenne, the umbrella organisation of the tax advising profession in Europe of which the MIT is a member.

The CFE has been founded afresh as an international non-profit organisation under Belgian law.

Originally founded in Paris in 1959, the CFE now embraces national organisations from 28 European states with more than 200,000 tax advisers. The CFE considers its functions to be the safeguarding of the professional interests of tax advisers, assuring the quality of services provided by advisers, exchanging information about national tax and professional laws, and seeking to contribute to the coordination of tax law in Europe.

The signing ceremony of the re-foundation documents took place in Brussels.

The Malta Institute of Taxation has been a CFE member for the last 10 years. It has participated in the re-foundation of CFE and MIT honorary secretary George Farrugia signed the constitution act on behalf of the Institute.

This re-foundation had become necessary due to certain restrictions and dated requirements of French law. No great changes in structures or purposes of the CFE were made as a consequence of the transfer. The CFE had its registered address in France, but its administrative offices were first based in Bonn and later in Berlin before they moved to Brussels several years ago. The new registration becomes final with the issue of a Royal Decree, which is expected to be granted within the next few weeks. This is roughly equivalent to the grant of a charter under the more familiar British practice.