Taxation of Forex and Interest - Section 24I and 24J

Price:
R448.50 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Corlia Faurie
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


This lesson aims to address the following:
• Overview of basics what is forex and interest, and how does it impact on your taxes?
• What do forex gains and losses and interest consist of? A LOT of definitions
• Other tax provisions that impact on forex and interest
– Exemptions
– Translation of foreign currency amounts to ZAR
– Loans made to trusts
– Interest with SARS
– Limitation of deduction of certain amounts of interest
– Employee and shareholder loans