Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, SAIT, SAIPA , ACCA, IACSA & IRBA).
JEANMARI VAN DER SCHYFF
jeanmari@probetatraining.co.za
Are you aware that several legislative and form changes have been introduced to the Income Tax Return for trusts (ITR12T)?
During this session, we will work through the new enhancements made to the ITR12 return. We will also follow a step-by-step approach to complete your Trust return via e-filing.
Step-by-step approach to complete your Trust return via e-filing.
The enhancements made to the Trust return due to changes in legislation:
Section 1 of the Income Tax Act – Definition of a trust amended to include more trusts
Section 6quat(1A) (a)(iii) of the Income Tax Act - trusts may now claim foreign tax credits
Section 25B of the Income Tax Act 58 of 1962 – Taxation of non-resident beneficiaries of trusts – taxed in the hands of the trust
Section 12H of the Income Tax Act 58 of 1962 – Learnership agreements
Section 25B(4) – (6) of the Income Tax Act – Limitation of losses.
Beneficial Ownership to be completed on the return.
