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Faculty of Economics and Finance Representatives Join Tax Training Session for Indonesian Lecturers

06/25/2024

"JUNE 21 - By updating and sharing information on this issue and promoting international educational activities, Mr. Nguyen Thanh Lam, Deputy Dean of the Faculty of Finance and Accounting, conducted a sharing and training session for Indonesian lecturers. The session was hosted by the Swadaya Institute of Communication and Business (SWIN) on the topic of 'Taxation Aspects in Transactions Between ASEAN Countries and Tax Aspects in IFRS.''

The training session provided an oppotunity to share knowledge and exchange studying experiences with international peers.

"Throughout the training, Mr. Nguyen Thanh Lam analyzed and presented various issues related to determining the differences between pretax financial income and income tax, described temporary differences that result in future tax obligations, the disparities arising from deductible amounts in the future, non-recognition of deferred tax assets, presentation of income tax expense in the statement of financial performance, and various temporary and permanent differences."

Mr. Nguyen Thanh Lam analyzed and widened aspects of the tax problem

According to his presentation, the organization must submit the income tax return following the instructions of the appropriate tax authority. Because IFRS and other tax policies differ in some areas, the reported amounts often vary: Income tax expense (IFRS) and income tax payable (tax authority).

Additionally, Mr. Nguyen Thanh Lam emphasized that there were significant differences between financial and tax reports, comparing investor, and lender reports with IFRS.

Many clear images and, examples were added throughout the training session

"He brought many specific illustrative problems to the training session to facilitate an understanding of income tax accounting. He also asked interactive questions such as: 'What are the influences of recognizing revenue differently under IFRS compared to tax accounting?', and showed the proportions through an IFRS statement report and a tax report, using numerous examples to clarify receipts/taxable profits after being recognized as financial income, etc."

Mr. Nguyen Thanh Lam exchanged and solved the students’ problems and responses

Mr. Nguyen Thanh Lam’s training session on “Taxation Aspects in Transactions Between ASEAN Countries and Tax Aspects in IFRS” received high ratings and considerable attention from Indonesian lecturers. The professional lesson, updated with new information and delivered through vivid communication, effectively engaged the participants.

This activity is an opportunity to share experiences, enhance abilities, and promote the overall development of educational and training foundations in Finance and Accounting. It also serves as evidence of the collaboration and exchange between UEFA, universities, and educational institutions in the ASEAN region.

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