Corporate Income Tax: The clockwork of Companies Taxes
|CPD Hours:||Attendance at this seminar will secure 3 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
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. This course is the first in our three-part series, and aims to assist taxpayers with understanding the principles on which the taxation of companies is based.
This session will cover the following: • Gross income and distinguishing between revenue and capital in nature • Income that is exempt for tax purposes • Allowable and prohibited deductions and losses including capital allowances and CGT (this will not be an in-depth discussion – for dedicated sessions on these matters, please see other courses available) • Possible adjustments to be made for trading stock, foreign exchange differences (S24I) and interest (S24J) • Various miscellaneous tax rules and possible anti-avoidance measures for companies to look out for • Administrative process for the submission of returns and the IT14SD reconciliation
Those charged with the responsibility of submitting taxes for companies, including tax professionals and financial officers or directors. Auditors will also benefit from this course, as it covers the same principles required when auditing the tax liability and expense.