Withholding taxes are a fact of life. Royalties however go beyond just the withholding tax requirements. Are you entitled to a deduction? Is the income capital or revenue? Where is the source of the amount?
After attending this course, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in most situations and environments:
• Calculation of the royalty
• Completion of the relevant returns
• Understanding of the administrative provisions
This seminar will cover the following areas:
• What is the source of the royalty?
• What deductions are available and limitations to those deductions
• What is tainted intellectual property?
• Who is responsible?
• What are my administrative requirements?
This course would be useful for all staff who have a responsibility to submit returns. The course will provide guidance with regard to the appropriate valuation techniques that must be used for these items. Any delegate that is looking to get a refresher on the above topics would also be welcome.
