Tax Relief Measures during Covid-19

President Ramaphoza announced a number of tax relief measures amid the Covid-19 disaster.

SARS recognise that tax professionals are central to support taxpayers and small businesses during the period of national disaster and announced that SARS will be issuing extensive communication on the implementation of the tax measures through its strategic stakeholders.

This free Webinar is part of a series of Technical Alerts and Webinars that the Tax Faculty, SAIT and SA Accounting Academy will facilitate to keep you updated, including important changes in the SARS systems and processes.

Overview

Webinar 5 will be dedicated towards the challenges facing the supplier of goods and services to the final consumer. In particular, we will draw a link between the Consumer Protection Act and the Income Tax and Value-Added Tax Acts.

We will inter alia discuss the following:

• How the Consumer Protection Act affects the accrual of income by the taxpayer.
• Prepayments, section 24C, cancellations and rescheduling of events.
• What are the VAT and Income tax implications of various types of penalties and additional charges levied by the suppliers of goods and services where services are cancelled or postponed by consumers?
• What are the VAT and income tax implications of increased levels of bad and doubtful debts?
• What are the income tax and VAT implications where the taxpayer incurs penalties and interest due to e.g. late payment of rent?

Dates

• 30 March
• 2 April
• 6 April
• 9 April
• 16 April
• 20 April

Presenter

Johan Heydenrych

CPD

This webinar and successful completion of the online assessment will secure 2 hours verifiable output TAXCPD points/units.

Event Investment 

Free for all.

Payments & Cancellations

• All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
• Kindly note that should payment not be received 2 days after the event, legal action will be taken
• Proof of payment will be requested at registration, if payment does not reflect on Taxfaculty`s bank account.
• Only written notice of cancellation will be recognized.
• Conditions:
  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• Taxfaculty`s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.