Lease Accounting and Taxation

C

LEASE ACCOUNTING AND TAXATION

Accounting and Taxation for Leases are evolving especially with the advent of IFRS 16 lease accounting standard that has effectively taken off in January this year.  There are significant developments in the new accounting standard which include the elimination of off balance sheet financing. These developments will lead to changes in market dynamics, demand, product offering and decision making process. This programme is therefore packaged to bring lease and accounting practitioners to speed on the key ingredients of the standard, assessing its impacts and implementation strategy to achieve corporate objectives

Also,in recent times the treatment of the various taxes as they relate to leasing is of major concern to practitioner especially the application of the Guidelines on Tax Implication on Leases issued by FIRS. The programme will review these guild lines and other tax considerations that would enhance understanding and ease compliance. The tax implications of IFRS 16 will also be analysed.

ACCOUNTING & TAXATION IN LEASING OUTLINES

Accounting for Leases

• Accounting Environment: Current Specialised  Accounting Problems: Trends and Development
• Direct Finance Lease Accounting
• Lease Disclosure Requirements
• Sales type Lease Accounting
• Leverage Lease Accounting
• Consideration of current Accounting Standard, IFRS 9, 15 & 16 and Impact on financial statement (Lessors and Lessees)

Tax Considerations and Analysis

• Application of Tax Laws to Leasing: Current Trend and Development
• Advanced Cost recovery Concepts
• Alternative Minimum Tax
• Income Tax Consideration in Leasing
• Foreign Tax Credit
• Tax Issue Applicable to Corporate Tax Payers
• Relationship between tax and other aspects of leasing
• Implication of VAT and Withholding tax on Leasing Transactions
• Overview of Advanced Tax Structures

Date:               21st – 22nd February, 2019

Fee:                 Member: N69,500.00/Participant

                        Non-Member: N79,500.00/Participant

Time:              9.00a.m – 5.00p.m

Contact : 08023176691 , 08023179048 , info@elannigeria.org .