Event report
Back To | Webinar on Compliance for International Companies in South Africa
In collaboration with Wiltons, the French South African Chamber of Commerce and Industry (FSACCI) hosted an insightful webinar on Compliance for International Companies in South Africa on 7th November 2024.
This two-hour session brought together industry experts and participants eager to deepen their understanding of the critical compliance requirements for international businesses operating in South Africa.
Key Highlights
The webinar explored the important role of financing in cross-border operations, focusing on intercompany loans, group interest, and IFRS reporting.
Attendees benefited from a comprehensive breakdown of the South African tax environment, including practical strategies to navigate the unique compliance and accounting challenges faced by international companies.
Key topics covered included:
- Tax implications and strategic considerations for foreign companies in South Africa.
- Practical guidance on managing intercompany loans, interest, and group reporting under IFRS.
- Differences between tax and IFRS requirements concerning debt in South Africa.
- An overview of key legislation such as the National Credit Act and Exchange Control Regulations.
The session featured two distinguished professionals, whose insights were invaluable:
- Carmen Westermeyer CA(SA):Chairperson of the SAICA Eastern Region Tax Committee and Accounting Member of the Tax Court, who shed light on navigating tax complexities.
- Caryn Maitland CA(SA): Vice Chair of the SAICA National Small and Medium Practitioners Interest Group, who shared actionable advice on IFRS reporting and compliance.
