Controlled foreign companies
|CPD Hours:||Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
Globalisation is an ever-increasing reality, especially in South Africa. With more operations expanding into the global economy, the technical details of offshore transactions becomes ever more relevant to all. This session aims to look at the criteria, calculations and pitfalls of s9D, so that you can remain compliant.
The aim of this session is to break down the core concepts of controlled foreign companies for all parties. This will include: • Who is a CFC? • What does it mean to be a CFC? • Calculation of net income • Exemptions and deductions available • Changes proposed by Treasury and the possible way forward
Any person who is looking to gain an understanding of the tax consequences of offshore transactions would benefit. Any delegate that is looking to get a refresher on the above topics would also be welcome.