Attending the course and successfully completing the post-assessment, will grant you
1 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
Many taxpayers are unaware of the fact that withholdings tax might be applicable to the transactions they enter into, even more so when they are responsible for the withholding itself.
International transactions might attract withholdings taxes, and it is important that the parties to these transactions are aware of their position and responsibility when it comes to the tax consequences thereof.
This course aims to provide an understanding of these withholding taxes and the responsibilities attached to them.
This session will cover the following:
• Conversion of amounts in foreign currency to ZAR for purposes of declaring it for tax purposes
• Amounts paid / payable to / in relation to:
o Foreign entertainers and sportspersons
o Royalties
o Interest
o Fixed property
• Exemptions from withholding tax or otherwise from normal income tax
• Administrative provisions for the submission of declarations and returns
All taxpayers who engage in international transactions with non-residents, and tax professionals managing their affairs.
