Accounting for Property, Plant and Equipment (IAS 16) and Intangible Assets (IAS 40) and Insights into the Capital Allowance Framework and Capital Goods Scheme

This training sessions will provide a focused overview of two accounting standards: IAS 16, Property, plant and equipment and IAS 40, Investment property. We will explore key recognition and measurement requirements under IFRS. Participants will also gain insights into the Capital Allowance framework, including tax depreciation rules, and the Capital Goods Scheme (CGS), highlighting how VAT is adjusted on high-value capital assets. The training will bridge the gap between accounting standards and tax regulations, equipping attendees with the knowledge to ensure compliance and optimize asset management.

The Speakers

Dr Melanie Ciappara qualified as a lawyer from the University of Malta and further pursued her studies in international taxation at Leiden University, the Netherlands, where she obtained an Adv. LLM in International Taxation. Melanie has over ten years of experience, both in Malta and abroad, where she specialised in providing a variety of services to corporate and private clients, ranging from international tax advisory to tax compliance services.

She is a manager within the tax practice at RSM.

Rachel Mamo graduated with a Master in Accountancy from the University of Malta in 2020. Having joined RSM Malta in 2015, Rachel is now a senior accountant within the Outsourcing Department. Within this department, Rachel specialises in accounting, with a large portfolio of established clients within various industries, particularly, gaming, manufacturing, investments.