Given the fundamentally different approaches to how leases are accounted for in terms of International Financial Reporting Standards (IFRS), the Income Tax Act and the VAT Act, leases have become extremely complex to deal with in practice. The aim of this webinar series is to look at the principles that are applied in each of those areas and how it influences the financial records and the respective tax returns. In order to make an informed decision when entering into a lease agreement, a holistic understanding of all the consequences is necessary. The first session will focus primarily on IFRS and the second session on tax.
Some of the key aspects that we will cover include:
We aim to unpack these questions during these two webinar sessions. By having both a IFRS and a tax specialist sharing their expertise, delegates are guaranteed to get a complete and holistic view of the topic.
After attending this webinar series, delegates will have gained an understanding of the following competencies:
This webinar series is aimed at tax practitioners, accountants, financial managers, chartered accountants, tax managers, business owners and all parties who need to understand the financial consequences of a lease.