VAT and Immovable Property

The VAT treatment of transactions related to immovable property often gives rise to several questions/difficulties including:

• VAT Treatment – Which transactions are Vatable, Exempt or Reduced rated
• VAT Refund - Right of VAT Refund and Partial Attribution
• Capital Goods Scheme – When are adjustments to past input VAT incurred required
• VAT Registration - Eligibility to register as a small Enterprise (Article 11)
• Special Schemes – Tax in Danger and when is it applicable
• Recent/ Upcoming Updates (if applicable)

During the session we will discuss in detail the main VAT provisions pertaining to immovable property and related transactions with an emphasis on the issues above referring to specific situations and scenarios which will be discussed in a user-friendly manner whilst encouraging questions from the attendees to make the session as relevant as possible.

The Speaker

Saviour Bezzina is the manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters. Saviour was awarded the 2007 MIA prize as the best student who graduated in the Bachelor of Accountancy (Hons) Degree Course Group 2004/2006.