Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Carmen Westermeyer
0118861395
gillian@probetatraining.co.za
Leasing is an area that is often misunderstood from a tax point of view. This session aims to look at the difference between sales of assets, leasing of assets and deferred sales.
After attending this course, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in most situations and environments:
• How to account for an instalment sale agreement for Income Tax and VAT purposes
• How to account for a sale of an assets for Income Tax and VAT purposes
• How to account for a lease for Income Tax and VAT purposes
The aim of this session is to cover the difference in meaning between sale, instalment sale agreement, instalment credit agreement and lease from both a VAT and Income Tax perspective. This course will cover:
• The legal aspects of the various ownership transfer methods
• The differences in interpretation between Income Tax and VAT
• The potential income tax recoupment’s from leases
• How it all should be accounted for from an Income Tax and VAT perspective
All taxpayers, tax professionals, accountants and auditors seeking more information on this topic..
