Early 2021, SARS announced that a new unit that focuses solely on individuals with wealth and complex financial arrangements was established. The unit, known as the High Wealth Individual Taxpayer Segment (HWI), focuses on taxpayers who fall into this category. It is often the case that wealthy individual hold assets unique to this sector, including offshore investments, prompting SARS to increase their compliance focus to filter out non-compliant individuals using information at their disposal since adopting the international standards set out for the Automatic Exchange of Financial Account Information.
It is imperative that tax practitioners working with clients in this segment possess fine-tuned skills to handle queries from SARS. Join Carmen Westermeyer in this 2 hour webinar where she will unpack topics such as relevant Interpretation Notes, and the correct disclosure requirements for SARS.
After attending this webinar, you will be:
BCom(Honours Accounting) [UND] CA(SA)
Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC, where she remained until 2006. She has been a member of SAICA since then.
In 2008, she started her academic career at UKZN, where she performed a number of functions, taking on the role of Academic Leader for Taxation. On leaving academia in 2013, Carmen has been providing training and consulting services to the profession. She has presented on behalf of various professional bodies, such as SAICA, FASSET, CSSA as well as providing in-house training to numerous accounting firms. The topics covered include all aspects of income tax, VAT, estate duty as well as the health levy (sugar tax). In addition, she regularly consults on tax matters as well as assisting with SARS disputes.
She is also the Chair of the SAICA Eastern Region Tax Committee, a member of the SAICA National Tax Operations Committee and is an Accounting Member of the Tax Court.
Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of Tax CPD.
Free for Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.
The following venues and dates are available for this event.