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2015 BDO - Debt Reduction
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2015/11/18
When: Wednesday 18 November 2015
8:00 for 8:30 – 12:00 (Registration and light breakfast from 8:00)
Where: BDO Johannesburg - Spencer Boardroom, 4th floor.
22 Wellington Road
Parktown
Johannesburg, Gauteng 
South Africa
Contact: Silvia Motaung


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BDO: DEBT REDUCTION

Overview

The current economic environment has led to numerous debt reductions both within and outside of controlled relationships as taxpayers' solvency are increasingly stretched to the limit. As advisors, we deal with numerous write-offs and capitalizations on a daily basis where clients are struggling to identify the potential tax implications associated with such actions. In this regard it is important that clients be made aware of the potential pitfalls that may be encountered from a tax perspective.

This practical workshop will cover:
  • The debt reduction rules contained in section 19 on the Income Tax Act and paragraph 12A of the Eight Schedule;
  • Other sections that debt reductions could invoke; and
  • Loan capitalizations and the risks associated therewith.
These principles will be demonstrated through various case studies.

Who will benefit:

Finance Professionals, Financial Managers, Financial Directors, Tax Managers, Tax Directors, Business owners.

Click here to refer to the latest article which the presenters have published on this topic:

Presenter

Gardner van Niekerk - Corporate Tax Consulting, Senior Manager

After completing his articles at Ernst & Young Inc in 2011, Gardner moved to Ernst & Young Tax department where spent 3 years in the corporate tax field performing tax audits, tax due diligences and other tax advisory services. Gardner joined BDO Tax in February 2015. Gardner has extensive experience in taxes relating to clients in the financial services, mining, construction and retail sectors.

Erich Bell: Corporate Tax Senior Consultant BDO South Africa
B.Com (honours) Taxation (Cum laude), currently busy with an M.Com in South African and International Taxation

Erich has tax technical experience across various taxes. Prior to joining BDO as a senior consultant, Erich was the former Acting Head of Tax Technical at the South African Institute of Tax Professionals were he fulfilled an important role in liaising with National Treasury and SARS on tax technical matters. During his pre-graduate and post graduate studies at the University of Pretoria, he received numerous accolades for exceptional academic performance. He is a regular contributor to tax technical publications and is a co-author of Silke on Tax Administration.
CPD

This event will secure 3 ½ hours verifiable output CPD points/units.

Including the following professional bodies. (SAICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT)
 
 
Event Investment

Cost: R1 150 per person (including VAT). This includes refreshments and electronic notes.
 

 

This event is brought to you by:





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.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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