3-Part Webinar Series: A Practical walk-through the Basic Corporate Tax Calculation (Webinar 1 of our Corporate Tax Series of webinars)
This webinar series has been developed to take participants systematically through relevant corporate tax principles that are encountered when preparing a Corporate Tax Calculation.
The aim of this webinar is to give participants a high-level overview of key areas to consider when preparing the calculation. This webinar stands alone. However, it also forms part of our Corporate Tax series where certain topics are delved into more detail in future webinars (see below for information on the series)
The webinar is structured around the basic framework of the Tax Calculation:
|
Income Tax Act |
|
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Gross income |
Section 1: Definition |
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Less: Exempt Income |
Section 10 |
|
Income |
Section 1: Definition |
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Less: deductions, allowances and amounts to be set-off against income |
Section 11 – 19 & 23 |
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Add: Capital gain @ inclusion rate of 80% |
Section 26A & 8th Schedule |
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Less: Assessed loss carried forward |
Section 20 |
|
Taxable income (for the year of assessment) |
Section 1 & 5 |
|
Normal tax payable @ 27% |
Section 1 & 5 |
Participants will be able to identify and understand the core principles behind key areas that affect any corporate tax calculation and will be equipped to take a more holistic approach to their work tasks.
- Cost: R1 940.63 (inclusive of VAT) per person
- CPD: 4.5 hours