Navigating Taxation and Compliance under IFRS Frameworks

Navigating Taxation and Compliance under IFRS Frameworks
Objectives:
By the end of this course, participants will be able to:
• Understand the fundamental principles and applications of the International Financial Reporting Standards (IFRS) in taxation.
• Identify and address compliance challenges within IFRS frameworks.
• Analyze the impact of IFRS on tax reporting, planning, and deferred tax calculations.
• Develop strategies for aligning tax compliance with IFRS reporting requirements.
• Gain insights into managing tax risks and ensuring accurate disclosures under IFRS.
• Apply IFRS standards to handle cross-border taxation and international compliance effectively.

Course Content:
Introduction to IFRS Frameworks and Taxation
• Overview of IFRS and its objectives.
• Key IFRS standards affecting taxation (IAS 12, IAS 37, etc.).
• Relationship between IFRS and local tax laws.
• The role of IFRS in global tax harmonization.
Deferred Tax under IFRS
• Concept and calculation of deferred tax.
• Temporary differences and their tax implications.
• Recognizing and measuring deferred tax assets and liabilities.
• Practical examples and case studies.
Tax Compliance Challenges under IFRS
• Key compliance requirements for IFRS reporting.
• Challenges in aligning tax rules with IFRS standards.
• Managing discrepancies between accounting and tax treatments.
• Ensuring accurate tax disclosures in financial statements.
Tax Implications of IFRS on Specific Transactions
• Taxation of leases under IFRS 16.
• Revenue recognition and its tax impact (IFRS 15).
• Tax considerations for financial instruments (IFRS 9).
• Implications of business combinations (IFRS 3).
Cross-Border Taxation and IFRS Compliance
• Handling cross-border tax challenges under IFRS.
• Transfer pricing and its alignment with IFRS.
• Managing tax treaties and double taxation issues.
• Case studies on international tax compliance.
Tax Risk Management under IFRS
• Identifying and assessing tax risks in IFRS reporting.
• Strategies for minimizing tax risks.
• Role of technology and automation in managing tax compliance.
• Ensuring compliance during audits and inspections.

DATE:

1ST BATCH: 25th – 28th Mar,           2025   

2ND BATCH: 7th – 10th Oct,               2025