The submission and payment of Income Taxes are 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 based on an overview only. For more advanced sessions on specific topics or items, please refer to the our booking site.
This session will address matters including, but not limited to, the following:
• 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
• Prepaid taxes and rebates available to companies
• Administrative provisions for the submission of returns
