2017 Annual Tax Bill Update seminar

The 2017 year included some exciting and challenging new tax developments, such as the changes to the foreign income exemption and the further expansion of section 7C to the Income Tax Act dealing with donation tax and interest-free loans to trusts. Corporates were not left behind with changes to share buy backs transaction, relief for group loan debt waivers, addressing debt capitalisation and extension of the CFC regime to foreign trusts. In addition to significant legislative amendments it also included more reports issued by the Davis Tax Commission and court cases providing interpretation of key tax legislation. This half day seminar will provide a practical overview of the important 2017 tax bill amendments, as well as the tax cases, interpretation notes, and advanced tax rulings that arose during the year.