
CPD EVENTS
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INTRODUCTION
Section 138A of the Income Tax Act, 1967 (the Act) provides the Director General of Inland Revenue (DGIR) the power to make a Public Ruling in relation to the application of any provisions of the Act. Public Rulings set out the interpretation of the DGIR in relation to the relevant tax law and the procedural matters applicable. In the Self- Assessment system, taxpayers have the responsibility to ensure that the tax returns are files in accordance with the Act, Public Rulings and Guidelines issued by the DGIR. There have been many Public Rulings issued by the DGIR and its important for taxpayers / consultants to know the Public Rulings well. In this workshop, the speaker will go through selected Public Rulings (as below) that have been issued in the last two years with the participants and highlight the salient points and issues.
COURSE OUTLINE
Public Rulings
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Public Ruling No. 10/2023 – Pioneer Status Incentive
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Public Ruling No. 9/2023 – The Deceased Part 1 – Introduction
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Public Ruling No. 9/2022 – Property Development
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Public Ruling No. 6/2022 – Accelerated Capital Allowances
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Public Ruling No. 1/2022 – Time Limit for Unabsorbed Adjusted Business Losses Carried Forward
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Public Ruling No.4 /2021 – Taxation of income rising from Settlements
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Public Ruling No.3 /2021 – Special allowance for Small Value Assets
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Public Ruling No.1 /2021 – Taxation of unit holders of REITS / Property Trust Funds
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Public Ruling No.9 /2020 – Taxation of Trusts
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Public Ruling No.7 /2020 – Appeal Against an Assessment and Application for Relief
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Public Ruling No.4 /2020 – Tax Treatment of any sum received and a debt owing that arises in respect of services to be rendered
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Public Ruling No.3 /2020 – Tax Treatment of stock in trade Part II – Withdrawal of Stock
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Public Ruling No.2 /2020 – Tax Treatment of stock in trade Part I – Valuation of Stock
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Public Ruling No.10 /2019 – Withholding Tax on Special Classes of Income
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Public Ruling No.4 / 2019 – Tax treatment of wholly & partly irrecoverable debts and debt recoveries