The franchise industry in South Africa is a major contributor to the South African economy. There is a need for clarity surrounding the tax implications that may arise in relation to franchise arrangements, in particular, the income tax treatment of specified income received or accrued and specified expenditure incurred by franchisors and franchisees under franchise agreements.

The aim of this session is to assist in clarifying uncertainties that may arise on the application of the income tax laws to a franchise arrangement.

Content Discussed:

• The Franchise arrangement
• Taxation of franchisors and franchisees
• Tax implications for franchisors: Creation or acquisition of intellectual property
• Tax implications for franchisors: receipt / payment of an upfront fee
• Royalty payments
• Tax implications for franchisors
• Tax implications for franchisees
• Withholding tax on royalties
• Early cancellation of a franchise agreement
• Penalties for breach of contract
• Renewal fees
• Advertisement fees
• Training fees
• Capital gains tax
• Restraint of trade payments

Note: If you're unable to attend the live webinar on the scheduled date, you can still book and pay for the webinar – the course notes and a copy of the recording will be provided for self-study in your own time.

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