Impact of the Tax Rate Change & Restriction of Assessed Losses on Income Taxes (IAS 12) Webinar
During the 2022 Budget Speech held on the 23rd of February 2022, the Minister of Finance announced a reduction in the corporate tax rate from 28% to 27% for years of assessment ending on or after 31 March 2023. Furthermore, the set-off of assessed losses in determining a company’s taxable income will also be restricted.
The impact of these amendments on the measurement, recognition and presentation of current and deferred tax can be confusing.
The webinar aims to:
- Provide a high-level understanding of the background and reasons to the above-mentioned amendments to the Income Tax Act.
- Provide participants with an understanding of the impact of the announced rate change in measuring current and deferred tax under IAS 12 Income Taxes.
- Provide with insights into how the restriction of the set-off of assessed losses will impact management’s assessment of the recognition of a deferred tax asset in respect of unused tax losses.
The webinar will contribute to 1.5 hours CPD/CPE.
R575.00 (inclusive of VAT) / R500.00 (exclusive of VAT)