CPE Event Details
Liquidations considerations – Tax and Accounting Perspective (M1733)



Registration Time: 13.15

Session Time: 13.30 - 16.45 including a 15-minute coffee break 

Speakers: Clifford Delia & Roderick Borg
Venue: Lower Ground, Tower Training Centre, Swatar



The shareholders of a company may resolve to place a company into voluntary dissolution. Approaching the end of an entity’s life could be a tough decision, yet an array of issues may complicate the process further.  However, planning the steps ahead and managing the risks associated therewith shall facilitate the process. A number of stakeholders have a significant and restricted role in an entity’s liquidation and winding up process.  Various legislative, accounting and fiscal implications are to be considered in the final stages of an entity’s life cycle.
  • To walkthrough the dissolution and winding up process of a Maltese company and partnership as well as the powers and duties of liquidators and directors as outlined by the Companies Act.
  • To explain the academic and practical aspects of a selection of cases which liquidators, directors, shareholders and corporate service providers may encounter.
  • To examine the accounting, income tax, VAT, capital gains and duty on documents implications which arise throughout the process.

  • Key concepts and definitions;
  • Different circumstances of winding up;
  • Practical aspects from a liquidator’s perspective;
  • Alternatives to strike off a company’s name from the Registry of Companies other than winding up;
  • The dissolution and winding up process of a member’s voluntary winding up;
  • Income Tax, Capital Gains, VAT and Duty on Documents considerations with respect to dissolution and winding up;
  • Group restructuring considerations;
  • Final stages of liquidation and application for strike off ;
  • Accounting issues and winding up accounts;
  • Illustrative example of winding up accounts and scheme of distribution. 

Roderick Borg an accountant by profession, joined the tax function of KPMG after graduating with a first class degree in both the B. Com course and the B. Accty (Hons) course from the University of Malta. In 2010, Roderick was awarded the diploma in taxation with distinction from the Malta Institute of Taxation. Roderick is currently a Senior Manager involved in the provision of direct and indirect tax compliance and advisory services to domestic and international corporate and individual clients.
Clifford Delia is a Director at KPMG and holds a Bachelor of Accountancy Honours degree from the University of Malta as well as a Tax Diploma from the Malta Institute of Taxation and a Diploma in VAT Compliance from the Institute of Indirect Taxation. He is a Certified Public Accountant and a fellow of the Malta Institute of Accountants. Clifford has over thirteen years of post-qualification experience with KPMG in Malta and Ireland focusing mainly on advising and assisting high profile international and local clients in financial reporting and indirect taxation. He spent the earlier part of his career working within KPMG’s audit and information risk management functions. In 2008, Clifford joined the firm’s tax department where he currently leads the accounting support and VAT compliance function of the firm.


MIA Members: €32.50
Non-MIA Members: €65.00
Retired Members: €10.00
Students: €16.25

Individual bookings are to be placed and paid online (below). 
Group bookings and Retired MIA Members are requested to fill in the registration form and send it by post along with payment. 


Start Date: 28/11/2017


End Date: 28/11/2017


Service Provider: The Malta Institute of Accountants


Type Hours
Core 3.00


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