IFRS for SMEs Section 29 Income Tax 2020


Date: Mar 17, 2020 - Mar 17, 2020

CPD hours: 2 Hours

Time: 09:00 - 11:00

Event Type: Webinar

Presenter: Anton van Wyk CA(SA)
CA(SA)

As part of the 2015 updates to the IFRS for SMEs, the calculation of deferred tax in terms of Section 29 of the IFRS for SMEs was fully aligned with IAS 12 Income Taxes in full IFRS. The amendments were effective from 1 January 2017.

Overview   

As part of the 2015 updates to the IFRS for SMEs, the calculation of deferred tax in terms of Section 29 of the IFRS for SMEs was fully aligned with IAS 12 Income Taxes in full IFRS. The amendments were effective from 1 January 2017.  

We know that many accounting and tax practitioners find deferred tax calculations tedious and it is clearly not a favourite topic of many. That is why we have brought in an expert to take an in-depth look at the correct approach to take when calculating income taxes, especially the principles relating to the calculation of deferred tax.  

After this webinar you will see that deferred tax calculations CAN be understood clearly! 

Join Anton van Wyk M.Com, CA(SA) on 18 February 2020 as he unpacks IFRS for SMEs Section 29 Income Tax and explains it in a clear and understandable manner.

This webinar is part of a series on IFRS for SMEs. The series will cover selected IFRS for SMEs topics that every accounting professional should fully understand in their day to day work. If you are interested in booking for the entire series, click here.  


Learning objectives  

By the end of this event the participant should: 

  • Understand the purpose of IFRS for SMEs Section 29 Income Tax. 

  • Understand the contents of the Standard; 

  • Understand how to correctly calculate deferred tax;  

  • Understand how to calculate income taxes; and 

  • Know how to practically apply the Standard as a whole.  


Content 

The webinar will cover the following topics:  

  • Introduction to IFRS for SMEs Section 29 Income Taxes. 

  • Recognition of current tax assets and tax liabilities.  

  • Measurement of current tax assets and tax liabilities. 

  • Deferred tax:  

    • Recognition. 

    • Presentation. 

    • Tax bases of assets and liabilities. 

    • Temporary differences. 

    • Discounting deferred tax assets and liabilities. 

    • Offsetting and when it's allowed. 


Obtaining your CPD certificate 

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

All attendees are issued with a CPD certificate available in an online profile. 


About the presenter 

Anton van Wyk M.Com, CA(SA) 

Anton van Wyk is a chartered accountant and independent consultant in International Financial Reporting Standards (IFRS and IFRS for SMEs). As former subject head of Financial Accounting at various higher education providers (including the University of Johannesburg and Monash University South Africa), he has gained valuable insights into and understanding of the important principles underlying the International Financial Reporting Standards (IFRS). 

Anton is a well-known and popular presenter who has presented numerous IFRS updates for several accounting bodies across South Africa. He is known for his ability to simplify and highlight the most important principles contained in IFRS, whilst keeping the learning process enjoyable for attendees. 


Who should attend 

The following persons will benefit from attending this webinar: 

  • Professional Accountants including: RA(SA), CA(SA),PA(SA) and BAP(SA); 

  • Accounting officers;  

  • Tax practitioners; and 

  • Bookkeepers. 


Price             

  • R 475.00 - Online admission - Individual. 

  • R 950.00 - Online admission - Company. 


Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here 

 to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here 

 to find out about the Technical Resource Centre & CPD Subscription options. 


Additional material 

By attending this webinar you will be provided with: 

  • Summarised slide presentation 

  • Reference documents and / or course material where available 

  • You can ask questions during the webinar and you will also have access to me the presenter after the webinar 

 

 

 

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Venues & Dates

The following venues and dates are available for this event.

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