In the 2007 Budget Review, Government announced the phase-out of the secondary tax on companies (STC) in favour of a dividends tax in two phases. Phase one, which was effective from 1 October 2007, saw the rate of STC reduced and the tax base broadened through the closing of commonly exploited loopholes.

Phase two which entails the actual conversation of the STC into the dividends tax has been delayed because of its contingency on the revision of international tax treaties. It is anticipated that phase two will be completed in the later part of 2010. Many of the provisions that will apply to the dividends tax were enacted in 2008. Significant technical amendments were made to these provisions in 2009 and additional provisions were also enacted in 2009.

Join the Mitchell brothers at this half-day event as they delve into all the provisions that are going to apply to the new tax and ensure you have a proper understanding before it is comes into operation.

Who needs to attend:

• Tax practitioners consultants and auditors
• Company stakeholders
• Finance managers
• Chief financial officers
• Financial planners and advisors
• Investments planners and consultants

The Mitchell Brothers will be dealing with the following key topics:

1. Definition of a Dividend
2. Contributed Tax Capital
3. Basic Principles
4. Distribution of  Shares
5. In Specie Valuations
6. Withholding Requirements
7. Foreign Dividends
8. Exemptions
9. STC Credits
10. Rebate for double taxation
11. Erroneous Withholding Refunds
12. Collective Investment Schemes (unit trusts)
13. Corporate Restructuring Rules
14. Passive Holding Companies
15. Value Extraction Tax
16. Other Anti Avoidance Provisions

The Mitchell Brothers, Kevin & Lindsay, have been presenting tax seminars for more than two decades.

Kevin Mitchell BCom (Natal) BCom (Hons) (Cape Town), CA(SA). Founding Partner: Mitchells' Chartered Accountants' and Honorary Professor in the School of Law at the University of KwaZulu-Natal. Kevin serves on the Editorial Panel of SAICA's taxation publication 'Integritax' and as a member of the Special Court for Hearing Income Tax Appeals. He has served on the Public Accountants and Auditors Board Education Requirements Committee, SAICA's National Taxation Committee and the Taxation Committee of the Eastern Region.
Lindsay Mitchell BCom, MAcc, DEcon (Natal), CA(SA). Professor in the Tax Section of the School of Accounting at the University of KwaZulu-Natal. Lindsay is the co-author of Graded Questions on Income Tax in South Africa, The Tax Workbook and Belastingswerkboek. He is author of the book Tax-Effective Investments published by Butterworths and is also the managing editor of both Income Tax Reporter and Tax Planning, two journals published by LexisNexis Publishers. He serves on various committees and sub-committees of SAICA's Eastern Region.

Dates and venues 
02 August 2010 – Cape Town, Vineyard Hotel (021-657 4590)
04 August 2010 – Johannesburg, Southern Sun Grayston Hotel (011-783 5262) FULLY BOOKED
05 August 2010 – Durban, Southern Sun North Beach Hotel (031-332 7361)
25 August 2010 – Johannesburg, Balalaika Protea Hotel Sandton (011-322 5000) ADDITIONAL VENUE

The Fees (VAT Inclusive)
One delegate – R 1 900 incl. VAT
Two or more delegates – R1 710 incl. VAT per delegate