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Tax implications of corporate restructuring activities
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Every company, whether large or small, is involved in corporate restructuring activities at some stage. This may be in the form of a transaction as simple as a change in shareholders or a complex empowerment transaction or merger at the other extreme. These transactions have tax implications for among other shareholders and the companies involved that have to be factored into the decision-making process.

2013/07/26
When: 2013/07/26
08:30am - 13:00pm
Where: Webinar online session
Presented live from Gauteng
Contact: Ingrid Erwee
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OVERVIEW:

Every company, whether large or small, is involved in corporate restructuring activities at some stage. This may be in the form of a transaction as simple as a change in shareholders or a complex empowerment transaction or merger at the other extreme. These transactions have tax implications for among other shareholders and the companies involved that have to be factored into the decision-making process. These implications are not necessarily adverse, if transactions are structured in a tax efficient manner within the framework of the tax laws.

The complex nature of the tax laws governing these transactions coupled with the fact that the transactions are often of a high value result in it being critical to get the tax correct when planning such an activity as these transactions are bound to attract closer attention from SARS.

This seminar is aimed at providing delegates with an overall awareness of the tax implications and efficient structuring opportunities to consider as well as tax risks that may arise when undertaking corporate restructuring activities.


COURSE CONTENT:

The seminar covers the tax implications, structuring opportunities and tax risks arising from the following broad categories of restructuring activities:
Share transactions by companies

  • Share buy-back transactions; and
  • Share issue transactions.

Transfer of assets and shares

  • General considerations when structuring transfers of assets;
  • Common issues arising from the transfer of shares; and
  • Making effective use of the corporate roll-over relief provisions.

Restructuring activities involving loans

  • Some important funding considerations in respect of restructuring activities;
  • Use of loans between a related companies as well as between a company and its shareholders; and
  • New tax regime governing the write-off or extinguishment of loan

PRESENTER/S:

Professor Pieter van der Zwan

Pieter is an associate professor at the North-West University (NWU) where he is the leader of the Taxation Program. He teaches taxation to honours chartered accountancy and masters degree students. He received the award as the best lecturer on the NWU's Potchefstroom Campus in 2011.

He is a qualified Chartered Accountant. He completed his articles at KPMG and spend time in KPMG's technical department after completing his articles. Since joining the NWU, Pieter has been involved in private practice as a technical advisor to audit firms and companies on tax and IFRS matters. In addition, he has also presented numerous tax and IFRS seminars and workshops to auditors, accountants and finance divisions of companies over the past 4 years.

Pieter has published a number of articles in accredited academic journals and also makes regular contributions to tax and accountancy magazines (including TaxTalk).


WHO SHOULD ATTEND:

The seminar has been designed in such a manner that the following persons would benefit by attending:

  • Tax advisors, both those advising large as well as smaller companies;
  • Financial managers, in-house tax specialists, financial directors and project managers involved in structuring and planning corporate activities; and
  • Auditors and accountants.

CPD:

Attendance will secure 2 hours Output verifiable CPD points/units.


EVENT INVESTMENT:

SAIT Members: Free

 

WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

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