This course is aimed at providing an overview of the tax consequences for both the franchisee and the franchisor of the common transactions entered into between them. It's not always that simple to determine who is actually responsible for the expense and whether it is of a capital or revenue nature.
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.
