Cross-Border Transactions: Understanding Double Tax Agreements
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 (DTA’s) and the importance thereof when dealing with cross-border transactions;
- understand how DTA’s generally allocate taxing rights;
- understand the impact of the Multi-Lateral Instrument on the interpretation and application a DTA’s;
- 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.