by pieter@pvdz.co.za | May 28, 2026 | Assets, Liabilities
IFRS 16 Leases (‘IFRS 16’) requires an entity to assess whether a contract conveys the right to control the use of an identified asset. Where it does, the contract is, or contains, a lease. The IFRS Interpretations Committee (‘IFRIC’) recently published...
by pieter@pvdz.co.za | Jan 25, 2022 | Assets, Expenses, Tax
The accounting treatment of VAT was considered by the IFRS Interpretations Committee (the IFRIC) during some of its meetings in 2021. More specifically, the committee considered a request that related to the treatment of non-recoverable VAT paid by lessees. Lessees...
