After attending this course, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in most situations and environments: • Calculating the tax consequences of Intellectual property payments, Initial Fees, Royalties, Advertisement and Training Fees • Understanding the VAT consequences of the transactions discussed above • Understanding the impact of withholding taxes in a franchise environment • Understanding basic income tax principles related to franchises • Understanding VAT in the context of franchise recharges

This seminar will cover the following areas • Income Tax consequences • VAT consequences • Impact of withholding taxes

This course would be useful for all staff who have a responsibility to complete the Income Tax or VAT returns of a franchise. It will also be useful for the accounting or auditing staff of persons involved in franchises. Any delegate that is looking to get a refresher on the above topics would also be welcome.