This webinar unpacks SARS Interpretation Note 91 (Issue 3), explaining the updated tax treatment of debt concessions and compromises. It highlights key changes from Issue 2, legislative updates, exclusions, and practical application of section 19 and paragraph 12A for accurate compliance and risk management.
The session provides a structured walkthrough of Interpretation Note 91 (Issue 3), focusing on the practical tax consequences of debt concessions under section 19 and paragraph 12A of the Eighth Schedule. It contrasts Issue 2 and Issue 3, explains expanded exclusions, updated definitions, measurement rules, and illustrative examples, and highlights common pitfalls faced by taxpayers and advisors.
Key Topics Covered:
• Overview of debt concessions and compromises
• Key differences between Issue 2 and Issue 3 of Interpretation Note 91
• Application of section 19 and paragraph 12A
• Expanded exclusions and exceptions
• Measurement of debt benefit and ordering rules
• Practical examples and compliance risks
• Internal and External Auditors
• Accountants
• Tax practitioners and advisors
• Financial managers and CFOs
• Company secretaries
• Legal and corporate finance professionals
• Anyone dealing with debt restructurings or loan waivers
