Partnership businesses are rather unique when it comes to their income tax consequences. Compared to companies, the partnership business is not seen as a separate legal entity, and this puts into question how to deal with the partnership business’ income and expenses for tax purposes. Is the partnership business taxed, its partners or both?
Introducing a practical webinar to help accountants, tax practitioners, auditors and partners in a partnership business understand the tax implications.
A practical discussion will be held addressing all of the following:
- Legal status of partnerships and its partners
- Income tax rules for income and capital gains tax
- Income tax deductions for the business
- VAT and Other tax considerations
