This course provides a thorough understanding of corporate tax fundamentals, including continuity tests, tax loss management, and imputation credit compliance. Participants will explore key case law, Inland Revenue Department (IRD) guidelines, and best practices for navigating corporate tax obligations. Through practical examples and case studies, this course equips tax professionals and business leaders with the knowledge to make informed decisions, address compliance risks, and implement effective strategies for managing corporate taxes.

Some of the highlights, include:

• The Business Continuity Test
• Debt Remission Within an Economic Group
• Income tax treatment of COVID Support payments received by Shareholder Employees
• The Tax Loss Carry-Back Scheme
• Changes to the LTC eligibility criteria
• The new rules for distribution of Tainted capital gains
• Provisional Tax Attribution Rules
• Restoration of stuck off company
• Corporate Management Fees
• Shareholder Current Account - Paid Doesn’t Always Include Credited
• Deduction of Legal Fees on action on behalf of a company
• The IR View on Dividend stripping

In two sessions, you will receive an update on relevant tax changes affecting corporate SMEs. This will help you chart your course for the forthcoming year.

Suited to:

Intermediate to senior accountants in public practice and any accountants working for privately owned companies.