Available Course
S24J, interest and deductibility
>> Click here to book this training as an In-House course <<
| Duration: | 2.00 |
| CPD Hours: | Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc) |
| Course Facilitator: |
Carmen Westermeyer
T: 0118861395 E: gillian@probetatraining.co.za |
| Back | |
Interest expenses and interest income are line items for virtually every single taxpayer. It is however also a section that creates serious confusion. How is this amount to be calculated? When can it be deducted? Are there any other considerations?________________________________________
The aim of this session is to cover the provide you with answers to those questions. The following will be covered:
• What are the common law requirements and rules with respect to debt and charging interest?
• Can charging/not charging interest give rise to donations tax?
• What is s24J and how do we calculate interest for income tax purposes?
• How can SARS penalize us for charging interest?
o Section 8F and 8FA
• When is interest paid deductible?
• Disallowance of interest deductions (anti avoidance provisions)
Investment managers
Financial managers
Auditors
Bookkeepers
Financial accountants
Third year SAICA trainees
Fourth year SAICA trainees