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Cross-border transactions: Understanding Double Tax Agreements (DTAs)
Doing business cross border creates a number of business and tax issues which are often very complex and interrelated.
Amongst other things, the impact of the application of a double tax agreement (also referred to as tax treaties), must be considered in order to determine the tax consequences of cross-border transactions.
After completing this webinar you will:
- have a basic understanding of the taxation of income in South Africa based on residency and deemed source;
- understand the principles of Double Tax Agreements (DTAs) and the importance thereof when dealing with cross-border transactions;
- understand how DTAs generally allocate taxing rights;
- demonstrate an understanding of how business profits are taxed through the interpretation of the relevant DTA articles;
- demonstrate the ability to determine whether the activities carried out in a foreign country constitute a “permanent establishment” in that foreign country; and
- understand how other income (i.e. income not dealt with in any specific DTA article) are taxed through the interpretation of the relevant DTA article.
The webinar will contribute to 2 hours CPD/CPE.
Cost:
R632.50 (inclusive of VAT) / R550.00 (exclusive of VAT)
2022 Cross-border transactions: VAT considerations webinar-on-demand
The Value-Added Tax (VAT) system in South Africa is a multi-stage tax on the consumption of goods and services.
It is also a destination based taxed, i.e. taxed in the country of consumption. For example, goods and services exported from South Africa may be zero-rated; or goods and services imported into South Africa may be subject to VAT on importation.
There is another level of complexity in ensuring the correct VAT treatment of the international supply of goods and services.
The purpose of this webinar is to provide the participant with an understanding of the key VAT principles that comes into play when transacting cross-border.
The session covers:
- Importation of goods
- Who is liable for VAT on importation of goods?
- Customs value of goods imported.
- Whether Customs VAT paid on the importation of goods may be claimed as input tax.
- The documentary requirements to substantiate an input tax deduction for VAT paid on importation of goods.
- Imports by agents on behalf of a foreign supplier.
- “Imported services”, including the VAT principles in respect of foreign suppliers of electronic services.
- Export of goods
- Meaning of “exported”.
- Difference between direct and indirect export of goods.
- Requirements to zero-rate the direct export of goods under Interpretation note 30.
- VAT treatment of indirect export of goods under Regulation 316.
- VAT 201 return.
- Export services with a focus on the zero-rating of services supplied to non-residents.
- Supplies to a foreign independent branch.
The webinar will contribute to 1.5 hours CPD/CPE.
Cost:
R474.38 (inclusive of VAT) / R412.50 (exclusive of VAT)
Cross-border transactions: Withholding Taxes on Outbound Transactions
When doing business cross-border, planning for and correctly implementing controls and processes on the various withholding taxes which may impact your business is important, in terms of managing risk and identifying opportunity.
The webinar focuses on the following income/expenditure streams flowing from South Africa:
- Royalties
- Interest
- Dividends
For each of the above streams we work through a practical example which will allow participants to apply the tax principles to the relevant income stream.
After completing this webinar-on-demand you will:
- be able to explain the purpose of withholding taxes;
- understand when withholding taxes are imposed under the South African tax legislation in respect of royalties, interest and dividend payments;
- know the withholding tax rate to apply (iro the above income streams), when the tax should be withheld and the required forms to be completed;
- understand how the application of a double tax agreement can reduce the withholding tax rate; and
- demonstrate the ability to apply the theory discussed to fact patterns (for each type of income stream).
Please note that the webinar will not cover Transfer Pricing and Exchange Control
The webinar will contribute to 2.5 hours CPD/CPE.
Cost:
R790.63 (inclusive of VAT) / R687.50 (exclusive of VAT)
Foreign Withholding Taxes
Doing business cross border creates a number of business and tax issues, which are often very complex and interrelated.
This webinar is a basic introduction to some of the key tax considerations when expanding cross-border. The focus of the workshop is on withholding taxes of inbound payments, the rebate available in respect of foreign taxes paid by the South African taxpayer and the tax accounting of foreign withholding taxes.
We will work though a comprehensive practical case study as a practical illustration of the theory discuss. The case study looks at a South African company wishing to expand its manufacturing operations into Africa.
After completing this webinar you will:
- have a basic understanding of the taxation of income in foreign countries;
- have a basic understanding of the taxation of foreign income in South Africa;
- understand the unilateral relief available under the South African tax legislation in respect of double taxation (i.e. section 6quat foreign tax rebates);
- understand how to account for foreign withholding taxes in the accounting records; and
- be able to apply the theory to a practical case-study.
Please note that the webinar will not cover Transfer Pricing and Exchange Control Regulations.
The webinar will contribute to 2 hours CPD/CPE.
Cost: R632.50 (inclusive of VAT) / R550 (exclusive of VAT)