Tax Happy Hour – 22 May 2024

Overview

In this session we will deal with Finance and Business Services – Asset Finance.

Assets may be financed in a variety of means including but not limited to the following:

• Term loans
• Operating leases
• Finance leases
• Instalment sale agreement
• Sale and Leaseback arrangements

The financing of assets may result in a disconnect between the accounting and tax treatment of assets, rental payments and interest recognition for example where finance leases are capitalised or IFRS 16 is applicable.

The correct income tax and VAT treatment is complex for both the borrower/lessee and the financier/lessor.

In the May 2024 Tax Happy Hour we will explore the Income Tax and VAT tax pitfalls and opportunities arising from asset finance deals. We will also consider the correct deferred tax treatment of adjustments relating to asset finance deals.

Please join us for this highly informative and practical session.

Information

Format: Recording of Online Live Streamed event
Recording: Loaded to your CIBA Academy profile

Content/Topics

• Sections 11(a), 11(e), 12C, 24J, 23A and 23G of the Income Tax Act.
• Sections 11G, 8F, 8FA, 23M, 23N, 24O of the Income Tax Act
• IFRS 16
• Definition of Instalment credit agreement in S1 of the VAT Act

How to register

Select the Register Now button.

After registration

1. After successful registration, the event will be listed as a course under your CIBA Academy profile. Login, My Dashboard, My Courses. Select start next to: Tax Happy Hour – 22 May 2024. 

Price

The event is free to attend.

Certificate

The following CPD is awarded: 1 Unit Tax.

Presenter

Johan Heydenrych CA(SA), M.Com(Tax)
Kreston South Africa
Johan completed his B. Com (Accounting) (Hons) cum laude and was awarded “Best student in Audit 700”. He has been offering specialised taxation services since 1991 across all industries. Johan was a tax partner at KPMG from 1997 to 2020 and is currently a partner in the Kreston SA network specialising in taxation. Johan is well-known for his expert presentation skills and entertains the audience with his extensive experience and stories.

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