Available Course

Leases – Taxation vs Accounting

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Duration: 2 Hours
CPD Hours: Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Course Facilitator: Corlia Faurie
T:  0118861395
E:  gillian@probetatraining.co.za

It is common practice for entities to enter into lease agreements as an alternative to purchasing cash, as it alleviates the pressure on immediate financing. However, when it comes to accounting for the financial and taxation reporting of these assets and liabilities, it may feel as though the transaction might have been more of a burden than initially bargained for. For this reason, ProBeta Training offers sessions on this topic, delving into the comparison between the accounting and taxation aspects of these transactions.

This session is set up to address the application of the relevant accounting standards and taxation laws, including but not limited to: • A comparison between the accounting treatment of leases (including operating and finance leases) and the taxation treatment. This will be approached from: o The perspective of the purchaser o The perspective of the seller o The perspective of SARS and deferred tax implications • VAT implications of finance leases • Practical application of the principles covered • Overview of the deductions that may be limited in respect of leased assets

Financial managers, Tax Practitioners, Auditors, Bookkeepers, Financial accountants, First year SAICA Trainees, Second year SAICA trainees, and Third year SAICA trainees