Accountants' Discussion Forum: Navigating the Complexities of Trust Administration: Strategies for Tax Efficiency and Legal Compliance
CPD Hours: 2
Price: R380.00
Accountants' Discussion Forum: Navigating the Complexities of Trust Administration: Strategies for Tax Efficiency and Legal Compliance
Presenters : Carmen Westermeyer CA(SA) , Caryn Maitland CA(SA)
Overview
The rapid globalisation of wealth management, coupled with the increasing focus on trusts by regulators in South Africa, has created a perfect storm of challenges for professionals involved in trust administration. As the legal and regulatory landscape continues to evolve, with heightened reporting requirements, enhanced due diligence, and a push for beneficial ownership transparency, it is essential for financial advisors, accounting practitioners, trustees, and legal practitioners to stay ahead of the curve.
Join renowned experts Caryn Maitland CA(SA) and Carmen Westermeyer CA(SA) on 25 April 2024 from 10:00 a.m. to 12:00 p.m. as they share their invaluable insights and practical strategies for managing trusts in the era of globalized wealth management and increased regulatory scrutiny. With decades of combined experience and a track record of success in navigating complex trust administration issues, Caryn and Carmen will provide attendees with the essential knowledge and skills needed to thrive in this challenging environment.
Learning objectives and competencies developed
Through real-world case studies, practical examples, and an in-depth analysis of the latest regulatory developments, this webinar will equip you with:
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A comprehensive understanding of the current trust landscape, estate planning best practices, and the evolving regulatory environment in South Africa.
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Critical insights into the significance of residency for tax and compliance purposes in South African trusts, considering the increased reporting requirements and international cooperation efforts.
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Actionable strategies for optimizing the tax treatment of trusts, focusing on resident vs. non-resident trustees and beneficiaries, while ensuring compliance with enhanced due diligence and beneficial ownership transparency requirements.
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Proven techniques for effectively applying South African compliance requirements in the management of trusts, mitigating the risks of enforcement actions and penalties.
Content to be discussed
The following topics are under discussion for this month:
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Overview of the trust landscape.
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FIC requirements for non-residents.
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Masters requirements for non-residents.
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income Tax Act No 58 of 1962 - s 25B and non-residents.
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Definition of place of effective management.
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Double taxation agreements.
