2011 Dividend Tax Seminar - Presented by Piet Nel B.Com(Hons) M.Com(Taxation) CA(SA)
About the Speaker :
Piet Nel is a Chartered Accountant (SA), a former associate professor in the Department of Taxation at UNISA and currently senior lecturer in the Department of Taxation at the University of Pretoria.
He is involved in the following professional actitivities :
- Member of the SA Institute of Chartered Accountants (SAICA)
- Current chairman of the Tax Comittee for the Regional Society of Chartered Accountants in Pretoria
- Member of the liaison committee (SARS / SAICA)
- Person responsible for taxation on the SAAA (an association for teachers in Accounting)
- Involved in the design of tax returns since 2003
- Past member of the national tax committee for SAICA since 2004 and is the current Chairman of the Northern Region Tax Committee of SAICA.
The new Dividend Tax will be implemented on 1 April 2012. The transition from STC to the Dividend Tax will bring about a fundamental change in the way dividends are taxed in South Africa and impacts materially on companies and investors alike.
The dividend tax legislation has been developed over the last four years and now that the implementation date is known, it is essential to integrate all the various provisions that have been promulgated and evaluate exactly how the tax will be implemented and how companies and investors must adapt to comply with the new legislation.
This focused and informative seminar will provide a comprehensive explanation of the new dividends tax, providing you with the tools you need to implement the necessary administrative processes in your companies and /or advise your clients on how the tax will affect them.
You cannot afford to miss this update!
Who Should Attend:
Tax practitioners, directors, business owners, advisors, auditors, accountants, bookkeepers and anyone else involved in company administration, business management and taxation.
- New 'dividend' definition
- The concept of 'contributed tax capital'
- What records must be kept by companies
- How returns of capital will be taxed
- Distributions by non-resident companies - Foreign dividends and 'foreign returns of capital'
- The deletion of value-extraction tax (VET)
- How non-dividend payments will be taxed
- Treatment and measurement of financial assistance
- How share buy-backs will be taxed
- Treatment of close corporations, co-operatives and not-for-profit companies
- How the new tax will impact on investment returns
Attendance will secure 4 hours verifiable CPD points, incl. other professional bodies i.e. (SAICA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA)