MODERN  APPROACH TO LEASE ACCOUNTING AND TAXATION: Physical – 25th – 26th Nov, 2021: Virtual – 2nd – 3rd Dec. 2021

Understanding the principles and treatment of taxation in Leasing business, as well as the accounting recognition and measurement requirements for both Operating and Finance Leases, are very important for effective lease operations. Practitioners need to be alert at all times to frequent changes in accounting and taxation guidelines to facilitate appropriate documentations, pricing and structuring and meet financial reporting requirements.

This programme will expose you to contemporary issues including guidelines on tax implications for leases and the applications of International Financial Reporting Standard (IFRS 16) on Leases.

*COURSE OUTLINES* 

Accounting for Leases* 

• * Accounting Environment: Current  Trends and developments
• * Direct Finance Lease Accounting 
• * Sales Type Lease Accounting 
• * Operating Lease  Accounting 
• * Leverage Lease Accounting  
•  Implications of International Financial Reporting Standard (IFRS 16) on Leasing.

Tax Considerations and Analysis in Leasing* 

• *  Overview of current Tax Administration and Fiscal Policies 
• *  Understanding Tax Laws with direct impact on Leasing:
• ·        Companies Income Tax Act
• ·        Value Added Tax Act
• ·        Capital Gain Tax Act  etc
• *   The concepts and applications of Capital Allowances, VAT, Capital Gain tax, Withholding Tax etc
• *  Analysis of Federal Inland Revenue Services Guideline (IFRS) on Tax implications on Leasing 
• *  Stamp Duties consideration
• *  Implications of International Financial Reporting Standard (IFRS 16) and Taxation on Leasing.

TARGET PARTICIPANTS 

 *Physical* 

 *Virtual* 

Account details:

Contact: 08023176691, 08023179048