While franchises may operate as most other corporate entities, there are various characteristics that separate franchises from the rest. The same is true for taxes, as there are specific rules that need to be considered afresh when dealing with franchises, even though we are familiar with the general application thereof.
We offer a session to look at the taxation of franchises, and how to apply general and specific rules to them.
This session will address the following:
• Brief discussion on the background of franchises
• Brief discussion of the general tax principles applicable to franchises
• Specific transactions relevant to franchises, and the application of the tax principles to these items (from the perspective of both the franchisor and franchisee)
o Franchise fees and intellectual property
o Royalties
o Costs / obligations in terms of franchise agreement
• VAT considerations
All franchisees and franchisors might benefit from this course.
