Webinar Training Course
Interest and income taxes, calculations and deductibility
| Price: |
Firm/Group/Company - R1552.50 (VAT Incl.)
Individuals - R517.50 (VAT Incl.) |
| Price (MLU Subscriber): |
Firm/Group/Company - R1164.38 (VAT Incl.)
Individuals - R388.13 (VAT Incl.) |
| SAIT Members: | Access your member discount with us by consulting the member instructions here BEFORE making a booking Here. Should you be unsure as to whether you have updated your profile correctly, please contact us BEFORE making a booking. NO MANUAL DISCOUNTS OR CREDITS WILL BE ISSUED. |
| Presenter: | Ms Carmen Westermeyer (Wortmann) |
| Date: | 15 Mar '22 |
| Times: | 09h00 - 11h00 |
| Duration: | 2 |
| CPD Hours: | Attending the course and successfully completing the post-assessment, will grant you 2 hour/s verifiable CPD, recognised by the various professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the CPD certificate will only be issued once the post-assessment has been completed. |
| Platform: | Web Based (Online) |
| Contact Person: |
Carmen Westermeyer
T: 0118861395 E: gillian@probetatraining.co.za |
| Back Book Now | |
Interest expenses and interest income are line items for virtually every single taxpayer. It is however also a section that creates serious confusion. How is this amount to be calculated? When can it be deducted? Are there any other considerations?
The aim of this session is to cover the provide you with answers to those questions. The following will be covered:
• What are the common law requirements and rules with respect to debt and charging interest?
• Can charging/not charging interest give rise to donations tax?
• What is s24J and how do we calculate interest for income tax purposes?
• How can SARS penalize us for charging interest?
o Section 8F and 8FA
• When is interest paid deductible?
• Disallowance of interest deductions (anti avoidance provisions)
Investment managers, Financial managers, Auditors, Bookkeepers, Financial accountants, Third year SAICA trainees, Fourth year SAICA trainees, Audit managers, Audit partners, Ethics officers