Taxation of the Insurance
Industry

20 – 24 May 2024
Sandton Centre Johannesburg South Africa

Untitled design

Register Now! Limited Seats Available!

R17, 999.00 Per Delegate

Course overview:

The “Taxation of the Insurance Industry” course offers an in-depth exploration of tax regulations and practices specific to the insurance sector. Participants will delve into the roles and regulatory frameworks of insurance within the financial industry, understand the principles of insurance taxation, and learn about compliance and investigative techniques.

The program covers taxation issues for property, casualty, and life insurance companies, international tax considerations, and alternative taxation methods. Designed for professionals involved in tax, regulation, and policy making in the insurance industry, this course equips attendees with the knowledge to navigate complex tax challenges effectively.

Course Objectives:

  • Understand the intricacies of insurance taxation within the financial
  • Navigate the regulatory and compliance landscape eff
  • Apply fundamental and specific taxation principles to property, casualty, and life insurance
  • Address international taxation challenges, and explore alternative taxation

Who Should Attend?

  • Accountants
  • Revenue Officer
  • Tax advisors
  • Tax Revenue officer
  • Tax Revenue Accountant
  • Tax Accountant
  • Tax Auditors
  • General tax practitioners
  • Tax practitioners in advisory firms
  • Tax specialists in commercial and trade industries
  • Government officials
  • Government agencies
  • In-house tax directors/managers

Tax regulation bodies

Course Outline:

Introduction to the Insurance Industry and Taxation Framework

 

  • Introduction to the Insurance Industry
    • Overview of the insurance industry as part of the financial sector
    • The role of insurance companies as financial intermediaries
  • Basic Taxation Principles for Insurance Companies
    • General timing and valuation issues in taxation
    • The principle of accrual of income and matching of revenues and expenses

Regulatory Environment and Tax Compliance

  • Regulation of the Financial Institution Industry
    • Understanding the regulatory framework for insurance companies
    • The relationship between regulation and tax
  • Taxation Compliance and Investigation Techniques
    • Adoption of digital tax systems to enhance compliance and revenue
    • Investigative techniques and tools for effective tax crime and fraud investigation

Taxation Principles and Compliance

  • Taxation Fundamentals
    • General timing and valuation issues
    • Accrual of income and expense matching
  • Compliance and Investigations
    • Investigative approaches in tax compliance
    • Techniques for detecting and preventing insurance tax fraud

Special Issues in Taxation of Insurance Companies

  • Taxation of Property and Casualty Insurance Companies
    • Understanding the taxation of different types of P&C insurance policies
  • International Taxation and Reinsurance
    • Issues in international taxation and the role of reinsurance
    • Treatment of reinsurance under the income tax

Advanced Topics and Case Studies

  • Taxation of Life Insurance Companies and Policyholders
    • Nature and types of life insurance and their taxation
    • Tax treatment of policyholders
  • Case Studies and Group Discussion
    • Analysis of selected OECD countries: Treatment of general insurance, reinsurance, and life insurers
    • Group discussion on alternative methods of taxing financial

International Taxation

  • International Taxation Issues
    • Allocating income and
    • Application of tax treaties and reinsurance
  • Alternative Taxation Methods and Closing Discussions
    • Alternative methods of taxing financial
    • Open forum for participant questions and case study

 

End of the workshop

IN HOUSE AND ONLINE TRAINING

While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.

SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com