Accounting
2020 Tax Relief Measures during Covid-19: Webinar 6: COVID-19 and the Large
CPD Hours: 2
Price: Complimentary
Title / Topic
2020 Tax Relief Measures during Covid-19: Webinar 6: COVID-19 and the Large
WEBINAR TOPICS:
We will inter alia discuss the following:
- The implications of the care and maintenance phase for the mining company. Of main concern is the fact that certain costs that would otherwise have been tax deductible, are deemed to be capital expenditure during any period of non-production.
- Availability of Section 11(e) and other allowances during periods on non-production.
- The valuation of stock at year-end. This may be relevant where excessive stock levels are present due to decreased demand.
- Tax treatment of increased funding required due to decreased activities. The funding may be obtained from connected parties and non-connected parties and may take the form of equity, loans or hybrid instruments.
- The tax treatment of retrenchments, reorganisations, mothballing of plants and related activities related to reduced activities.
- A recap of the treatment of bad and doubtful debts from a VAT and income tax perspective. Link between IFRS 9 and section 11(j) and 11(jA) for the large corporate.
PRESENTER:
Johan Heydenrych
