Our live webinars are recorded and subsequently offered on-demand to those who could not join the live dates.
3-Part Webinar Series: A Practical walk-through the Basic Corporate Tax Calculation
This webinar series has been designed to guide participants step by step through the essential corporate tax principles relevant when preparing a Corporate Tax Calculation.
The purpose of this session is to provide a broad overview of the main areas to consider during the calculation process. Although this webinar can be attended independently, it is also part of our wider Corporate Tax series, in which specific topics will be explored in greater depth in the other sessions.
The webinar is structured around the basic framework of the Tax Calculation
This webinar series will contribute to 4.5 hours CPD/CPE
Tax Principles for Fixed Assets 2-Part Webinar Series
In this webinar series we revisit the core tax principles associated with capital expenditure. We present a clear and practical framework to support your decision-making when classifying expenditure on fixed assets—covering topics such as when costs should be capitalised and which capital allowances may apply. We also discuss the tax implications of disposing of assets that qualify for allowances.
Part of our material is a comprehensive training manual, featuring essential information and practical examples, which serves as a valuable reference.
Practical examples are incorporated explaining key principles.
The outline of this webinar series is as follows:
Part 1:
Basic Framework: Classification of Capital Expenditure
We discuss the basic tax theoretical framework to apply when making decisions on how to classify expenditure incurred relating to “repairs and maintenance” and focus on the following key sections of the Income Tax Act:
a. Section 11(a) & 23(g) - General deduction formula
b. Section 11(d) - Deduction of expenditure on repair of property
Major Categories of Capital Allowances
This session works through the key principles of the following major categories of assets allowances:
· Section 11(e): Wear & tear allowance on non-manufacturing plant or equipment
· Section 12C: Manufacturing plant or equipment allowance
· Section 12B: Renewable energy allowance
· New Section 12V: Assets used in domestic production of electric and hydrogen-powered vehicles
· Section 13(1): Manufacturing building allowance
· Section 13quin: Commercial building allowance
Part 2:
Disposal of Fixed Assets: Recoupments & Capital Gains/Losses
In this session we quickly refresh the key tax principles regarding recoupments and capital gains when disposing of a fixed asset.
Capital Gains Tax is dealt with in detail in the Basics of Capital Gains Tax for Corporates webinar.
Leased Assets
This session refreshes the key principles regarding the tax treatment of leased assets, including recoupments and capital gains tax principles. We also work through basic examples on order to understand the practical application of these principles.
In this session we cover:
Capital allowances available to the lessor & lessee:
· Section 11(g): Leasehold improvement allowance
· Section 11(f): Deduction of lease premiums
· Section 11(h): Lessor Special Allowance
· Limitation of deductions available to lessor (Section 23A)
· Section 8(5) recoupments
CPD - 4 hours
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Basics of Capital Gains Tax for Corporates
Capital Gains Tax (CGT) has formed part of South African tax legislation since 2001, but navigating its calculation and application can still pose challenges for businesses. As every company holds assets and must account for gains or losses on their disposal, a clear grasp of CGT is essential for accurate tax compliance.
This webinar is designed to demystify the fundamentals of capital gains tax for corporates. We cover the key principles, highlight common pitfalls, and shed light on some of the more complex considerations relevant to the preparation and review of capital gains or losses during the annual assessment process.
This webinar gives you a practical understanding of:
- When CGT is triggered for corporates
- How CGT integrates into the broader corporate tax calculation
- The step-by-step process for calculating taxable capital gains or assessed capital losses
- The essential components of a basic CGT calculation
- How and where to disclose capital gains on the ITR14 Tax Return
- The impact of CGT on provisional tax estimates and payments
- This session is ideal for finance professionals, tax practitioners, and anyone involved in corporate tax compliance.
CPD/CPE: 2 hours
The Basic Tax Consequences of Company Distributions
Distributions made by a company to its shareholders can either be a dividend or return of capital. In short, a reduction in contributed tax capital (CTC) is not a dividend but a return of capital.
Various amendments have been made to the definition of CTC over the past few years. It is of utmost importance to understand these terms as the taxation is completely different.
The aim of this webinar is to simplify these tax technical terms and their resulting tax consequences.
This webinar is a great follow up to our Basic of Capital Gains Tax for Corporates webinar.
The outline of this webinar is as follows:
Overview of Company Distributions
We will commence the webinar with a high-level of how company distributions are treated for tax purposes. This session will cover:
- Definition of Dividend and Return of Capital
- High-level overview of Dividends Withholding Tax
Contributed Tax Capital
When determining whether a company distribution is treated as a dividend or a return of capital, it is important to understand what Contributed Tax Capital is as defined. This session is aimed at simplifying this technical definition that has undergone various changes over recent years.
Taxation of a Return of Capital
The tax treatment of a return of capital depends on the purpose for which the share in respect of the return of capital is received or accrued. During this session we will discuss the tax implications of a return of capital as well as the provisions in respect of company distributions in the following specific events:
- Share buy-backs
- Winding-up, liquidation or deregistration of a company (par 77)
Dividend stripping rules
The Income Tax Act contains various anti-avoidance provisions. Specifically in the context of company distributions we will discuss:
- Dividend stripping (par 19)
- Dividends treated as proceeds (par 43A)
CPD - 2 hours
A Practical Approach to Accounting for Deferred Tax 2-Part Webinar Series
IAS 1 Presentation of Financial Statements requires an entity to prepare its financial statements (except for cash flow information) on the accrual basis. This means that the accounting tax charge should reflect the tax consequences of the amounts recognised in the specific financial year, regardless of whether amounts have been included in taxable income or not.
The difference in when amounts are added or deducted for tax or for accounting requires an adjustment - an accounting entry called deferred tax.
Deferred tax calculations are challenging for many and in this webinar series we aim to break it down for you by following a systematic approach. Once comfortable with the basic principles of deferred tax (Part 1), we will discuss some of the more complex areas that need to be considered (Part 2).
During Part 1 of the webinar series will also cover the key processes and controls necessary to produce an accurate and complete tax calculation, and is designed around the key proofs and workings that should be prepared for any tax calculation:
- The tax rate reconciliation – with a focus on permanent differences.
- The deferred tax proof – with a focus on temporary differences and IAS12 principles.
- The fixed asset proof.
Each of these proofs and reconciliations is explained in a practical manner. For each of the proofs or reconciliations, the theory to key adjustments is explained, but more importantly, participants will work through a number of worked examples which explain the application of the theory. A detailed agenda is listed below.
The webinar will contribute to 5 hours CPD/CPE.
Cost:
R2 271.25 (inclusive of VAT) / R1 975.00 (exclusive of VAT) per delegate