Price:
R506.46 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Carmen Westermeyer
Duration:
120 Minutes
Additionals:
R506.46 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Carmen Westermeyer
Duration:
120 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
Foreign exchange is becoming an everyday occurrence for almost every taxpayer. This is due to increased offshore investment for individuals, globalisation of trade and even just because of easier travel. In light of this SARS has finally replaced the old Practice Note with Interpretation Note 101. Do you fully understand how to correctly reflect these transactions in your tax return?
The aim of this session is to cover the core ideas of s24I, s25D and para 43 of the Eighth Schedule and how they apply to foreign exchange items. The main topic areas to be covered are:
• How do I translate transactions?
• Translation requirements for foreign debts or foreign assets
• Calculation of capital gains or losses with respect to foreign assets
• Special Rules housed in these sections
The aim of this session is to cover the core ideas of s24I, s25D and para 43 of the Eighth Schedule and how they apply to foreign exchange items. The main topic areas to be covered are:
• How do I translate transactions?
• Translation requirements for foreign debts or foreign assets
• Calculation of capital gains or losses with respect to foreign assets
• Special Rules housed in these sections