About the seminar:

This half-day seminar presented by esteemed experts Rob Stretch and David Clegg is an ideal opportunity to be taken through the latest tax amendments in a comprehensive and practical manner. Several important amendments have been introduced in the last year. Some were unexpected, in particular the dramatic moratorium on parts of the Corporate Rules and then the partial reversal on this, the limitation of the deduction of interest on the acquisition of a business in certain circumstances and the other amendments to the Corporate rules. All have added to the confusion. Others such as the new legislation on the treatment of contingent liabilities on the sale of a business, the entire new Research and development section and the introduction of the concept of a perpetual instrument, require further clarification. In addition to the legislative amendments there will be an update on important court decisions published in the past 12 months and a further update on anti–avoidance.

Who should attend?

• Tax specialists and SARS officials
• Practising accountants and lawyers
• In-house tax managers and their staff
• Financial directors and managers and business owners

The Programme

• Fringe benefits and medical credits
• Rebates on foreign taxes
• Introduction of the concept of perpetual instruments
• Research and development incentive
• Corporate rules, limitation on deduction of interest and anti-avoidance
• The new 'source rules'
• The CFC rules and amendments to the 'business establishment' test
• Headquarter companies update
• Amendments to transfer pricing including thin capitalisation
• Latest cases and Interpretation notes

Rob Stretch BCom (Hons) CA (SA)
Rob completed his BCom degree at the University of Natal and qualified as a Chartered Accountant in 1980. Thereafter, he attended the University of Cape Town where he obtained a BCom Honours degree in taxation. Rob was admitted as a partner in Ernst & Young in 1986. He is presently a senior partner in the Tax Advisory division of Ernst & Young. He has extensive experience in all aspects of taxation, both direct and indirect, and is co-author of LexisNexis Butterworths Income Tax in South Africa, and the Income Tax Practice Manual.

David Clegg
David holds a BCom LLB (UCT): BCom Hons (Tax). He is an Advocate of the High Court and Consulting Counsel to Ernst & Young and a National Technical officer at Ernst & Young, South Africa. David has 34 years of consulting experience in all aspects of South African tax and is the author/editor of a number of tax publications and over 140 published articles in specialist journals.

Dates and venues
28 February 2012 – Johannesburg, Hilton Hotel (011-322 1888)
29 February 2012 – Durban, Elangeni Hotel (031-362 1300)
01 March 2012 – Townhouse Hotel (021-465 7050)

The Fees (VAT Inclusive)
One delegate – R2 100.00
Two or more delegates – R1 890.00 per delegate