The submission and payment of Income Taxes are two inevitable realities for Companies and the professionals that are charged with the responsibility of handling the tax affairs of these entities.
Join us for a return visit to the basic principles of the Income Tax calculation for Companies, with a practical approach throughout the process.
Please note that the content covered in this session is aimed at addressing the principles and application thereof on a basic to intermediate level. For more advanced sessions on specific topics, please refer to the our website.
This session is set up to address the inputs and working of the Tax calculation for Companies, including but not limited to:
• Inclusions into Gross Income including prevalent court case principles
• Exemptions from Taxable Income
• Allowable and prohibited deductions and losses including capital allowances
• Considerations for trading stock
• Considerations for foreign exchange differences (S24I) and interest (S24J)
• Capital gains tax
• Considerations with regards to connected persons
Financial managers, Tax Practitioners, Auditors, Bookkeepers, Financial accountants, First year SAICA Trainees, Second year SAICA trainees,
