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.
We offer a dedicated session on this topic, delving into the comparison between the accounting and taxation aspects of these transactions.
This session will address matters including, but not limited to, the following:
• 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
☒Third year SAICA trainees
