STUDY IN YOUR OWN TIME with the comprehensive Tax Advanced Self-Study Package - 5 self-study courses included!

Tax Aspects of Corporate Formations and Asset-For-Share Transactions

Corporate reorganizations and the related tax implications are extremely complex. The Income Tax Act provides for tax-neutral transactions in specific circumstances, as set out in the corporate rules in sections 41 to 47. This tax relief is mirrored in the VAT and STT Acts. On the other hand, there are several anti-avoidance provisions in the Income Tax Act that must be carefully considered.

After completing this self-study course, delegates will know how the various corporate reorganization provisions operate.

Course Content:

• Types of corporate reorganizations
• Tax treatment of –
  • Company formations
  • Asset for share transactions
  • Company liquidations
  • Amalgamations
• Anti-avoidance provisions such as
  • Dividend stripping
  • Value mismatch transactions

Taxation of Trusts

Trusts have become a sought after vehicle to raise funds for various purposes, protect assets and provide financial security for dependents. Unfortunately they are also separate persons for tax purposes, and one needs to think carefully about the tax implications for trusts before simply creating one. We offer a dedicated session to discuss the tax workings of trusts.

Course Content:

• Income tax rules (including capital gains tax) governing the taxation between a donor, trust and beneficiary
• Rules governing loans granted to trusts
• Administrative provisions for the submission of trust tax returns

Withholding Tax on Interest and Dividends

Withholding taxes are a fact of life. How we account for them to SARS is however a different story.

Are you up to date with the latest changes? Do you know what’s required of you?

Course Content:

• What is a dividend?
• What is interest?
• How should the withholding tax be calculated in each case?
• Who is responsible?
• What are my administrative requirements?

Tax Implications of Fixed Property Transactions

Property transactions can lead to various tax implications. From Transfer duties to VAT or income tax. It is imperative that companies and individuals who sell properties are aware of these implications to avoid fines and penalties.

During this self-study course, the implications of the Transfer Duty Act, the VAT and Income tax Act on property transactions will be unpacked.

Course Content:

• Definition of fixed property
• Income tax implications
• Transfer duty or VAT
• Requirements when VAT is payable
• Requirements when transfer duty is payable
• Value of property
• Shari’a compliant financing arrangements
• Periodical payments
• Exemptions
• Information to be kept
• Penalties and fines

South African Tax Residency Vs. Legal Residency

Employers sending South African employees on extended foreign secondments face various practical challenges and tax residency is one of them. The challenge also arises on emigration of South African citizens. With the foreign remuneration exemption changing from 2020 it is imperative that companies as well as employees and individuals are aware of the tax consequences on foreign employment and emigration. These consequences go beyond normal income tax and PAYE, and will affect capital gains tax, estate duty as well as certain withholding taxes. This session is aimed at explaining these consequences.

Course Content:

• Determination of tax residency
• When do you cease to be a tax resident?
• Determination of legal residency
• When do you cease to be a legal resident?
• Consequences of remaining a tax resident after emigration
• Consequences of ceasing to be a tax resident after emigration
• The ping-pong effect on tax residency
• Exchange control consequences of leaving South Africa

All Included:

• Video presented courses
• Downloadable course material
• Certificate of training
• SAIT Accredited – 14 Verifiable CPD Points