Course Recording

Interest and income taxes, calculations and deductibility

Recording Link
Firm/Group/Company - R1460.50 (VAT Incl.)
Individuals - R598.00 (VAT Incl.)
Recording Link
Price (MLU Subscriber):
Firm/Group/Company - R1092.50 (VAT Incl.)
Individuals - R460.00 (VAT Incl.)
Presenter: Ms Carmen Westermeyer (Wortmann)
CPD Hours: Attending the course and successfully completing the post-assessment, will grant you 2 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.
Platform: Web Based (Online)
Course Facilitator: Carmen Westermeyer
T:  0118861395
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SAIT members: Please remember that in order to access your member discount for this webinar, your delegate profile with ProBeta Training MUST reflect your SAIT membership number as member discount is applied automatically. No manual credits will be accommodated from Monday, 18 October 2021, should your delegate profile not be updated yet. You may access the instructions to update your delegate profile at 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, Audit managers, Audit partners, Ethics officers