This webinar explores the taxation and VAT implications of corporate gifts in South Africa, covering how both the giver and receiver are affected under tax law. Participants will gain insights into income tax deductibility, VAT input claims, and potential tax liabilities associated with corporate gift-giving.
This webinar explores the intricate landscape of taxation and VAT implications related to corporate gifts in South Africa. Participants will gain a comprehensive understanding of the definitions and categories of corporate gifts, as well as the income tax and VAT implications for both the giver and the receiver. Attendees will learn how to navigate the complexities of corporate gift-giving while remaining compliant with South African tax laws. The session will also highlight common pitfalls and best practices to ensure businesses avoid potential tax liabilities.
Key Topics Covered:
• Definition and categorization of corporate gifts
• Tax implications for givers the Income Tax Act
• VAT conditions and restrictions on corporate gifts
• Tax implications for receivers
• Exemptions and limitations for employee gifts
• Special VAT rules for business-to-business gifting
• Practical examples and scenarios illustrating real-world applications
• Common pitfalls and best practices for corporate gifting
• External and internal auditors
• Compliance officers and risk management professionals
• Corporate governance and ethics officers
• Business owners
• Tax professionals
• Accountants
• Financial advisors
• HR managers who wish to deepen their understanding of taxation and VAT implications associated with corporate gifts under South African legislation
