Registration Time: 13:15
Sessions Time: 13:30- 16:45  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

This session addresses one of the most intricate areas of VAT: immovable property transactions. It will delve into the VAT treatment of property sales, leases, and development projects, while placing special emphasis on the role and implications of Tax in Danger Certificates. Participants will gain clarity on compliance obligations, risk mitigation strategies, and practical considerations for handling property-related VAT issues.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

• VAT Framework for Immovable Property

   o Scope of VAT on property transactions under Maltese and EU law
   o Exemptions and options to tax
   o Common compliance challenges
• Tax in Danger Certificates
   o Purpose and legal basis
   o When and why they are issued
   o Impact on property transactions and VAT obligations

• Risk Management and Practical Issues

   o  Handling VAT in property development and leasing
   o Documentation and audit readiness
   o Strategies for mitigating exposure in high-risk transactions
• Future Outlook
   o Legislative trends and potential reforms
   o Best practices for staying compliant in a changing regulatory environment

Target Audience

Tax professionals, accountants, auditors, legal advisors, property developers, and real estate professionals involved in VAT compliance for immovable property transactions.

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

EVeNT CPE COMPETENCies

3  Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

DISCLAIMER

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Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.