Time: Friday, Dec 18, 2020, 10:00 AM Singapore

Decoding cryptocurrencies 1: Accounting and tax issues facing the new kids on the block.

Join us at the first of our two-part crypto webinar series: Cryptos aren’t just for Christmas (They are for life).

Our head of Tax, David Sandison and Financial Reporting Advisory leader Chetah Hans, will be trying to help businesses decode the fundamental issues around accounting for, and the taxation of, transactions in digital tokens, more commonly referred to as “cryptos".

Cryptos such as Bitcoin, have established themselves in less than a decade, as a new asset class to be reckoned with. They are here to stay, and you ignore them at your peril. As the world has never seen their likes before, significant questions arise as to how to recognise, measure and disclose transactions in them. And since there are no current accounting standards that specifically address their treatment, it becomes a question of reaching for existing Financial Reporting Standards to determine how they should be approached.

The same applies to tax. Current legislation does not specifically cater for their existence, and so the tax treatment rests on identifying which aspects of existing law might best be adapted to fit.

In this webinar, we highlight the fundamental accounting and tax questions that are currently being debated, and share our views on how accounting and tax rules could be applied to a whole variety of common situations.

Watch the webinar recording and get the slides here

David Sandison David joined the firm in July 2019 to head up the Tax practice, after a 35 year career in international tax with a big four accounting firm in London, Melbourne and Singapore (as a well as a five-year “post retirement” spell running his own tax practice). He leverages off that unique international experience to help his Multinational clients (big and small) structure and manage their cross-border business operations, not only from a tax perspective, but also from a commercial and practical perspective, having dealt with, in his time, clients in almost every industry and situation imaginable. One of his principle roles as tax practice leader, is to ensure that client solutions are comprehensively and coherently delivered by a well-trained, highly competent professional team.
Chetan Hans Chetan has more than 12 years of experience in servicing large national and multinational clients in the areas of Assurance, Indian GAAP, US GAAP and IFRS technical accounting advisory, specifically in the areas of financial instruments, leases, consolidation, revenue recognition and business combinations. Chetan has extensive international experience on advising clients on IFRS and US GAAP in India, United Kingdom and United States.

  • Location: Zoom
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