Budget and Tax Update 2021

Overview

The Annual Budget Speech is the most anticipated event on the financial calendar and even more so this year, in a period of unprecedented challenges brought about as a result of the Covid-19 pandemic. Furthermore, the economic pressures caused by the Covid-19 lockdowns and travel restrictions only served to exacerbate the pre-existing fundamentals in the form of the spiralling levels of government debt, the ever-widening budget deficit, a stagnant economy and a shrinking tax base. All of these factors make it extremely difficult to ‘balance the budget’.  

How will Minister Mboweni address this? There is much speculation about fiscal policy and possible changes to the tax system and it remains to be seen what actions the Minister will announce. As taxes have a critical impact on taxpayer’s profits and take-home pay, these announcements will have an important impact on financial and business decisions.

The 2021 Annual Budget and Tax Update will unpack the tax proposals announced in the Budget Speech to enable attendees to understand the full impact of these changes. In the webinar, Professor Jackie Arendse will explain the proposals in a practical and comprehensible manner so that attendees can understand how to apply the amendments and the impact on business and personal finances.

Course content

• Tax rates, including:
  • Changes in normal tax rates and rebates, including the medical rebates.
  • Estate duty and donations tax.
  • Dividends tax.
  • VAT.
• Payroll and employees’ tax changes.
• Fringe benefit amendments.
• Retirement reforms.
• CGT amendments.
• Corporate tax amendments.
• Limitations on deduction of interest.
• Limitations on the carry-forward of assessed losses.
• Corporate restructuring.
• Venture capital companies.
• Controlled foreign companies.
• Trusts.
• Tax administration amendments.
• Recent selected court judgments and new SARS rulings and interpretations.

Who should attend?

This webinar is a significant, must-attend event on the calendar of tax practitioners, accountants and bookkeepers everywhere.

Presenter

Professor Jackie Arendse 

PhD MTP(SA) Chartered Accountant (SA)

After completing her training at Deloitte and qualifying as a Chartered Accountant, Jackie was Group Financial Accountant for a top-100 listed company before moving to academia where she has authored, lectured and researched on all aspects of tax for more than 20 years.

She served as Project Director: Tax at the South African Institute of Chartered Accountants (SAICA) between 2004 and 2006, managing relationships with key stakeholders (especially SARS and National Treasury), enhancing SAICA members’ tax competence and representing SAICA in discussions with Government on tax policy and legislation.

Jackie was Head of the School of Accountancy at Wits University from 2009 until 2013 and has been Head of the Department of Accounting at Rhodes University since July 2014.

Jackie has presented tax seminars and webinars to tax practitioners and businesses around the country for many years and has authored numerous books, articles and publications in the field of taxation including Silke on South African Income Tax. She is the managing author of Silke on Tax Administration, published by LexisNexis and updated annually.

She is involved in an exciting new collaboration with The Tax Faculty to digitise tax training materials.

CPD

This event and successful completion of the online assessment will secure 4 hours verifiable output Tax CPD points.

Event Investment

CPD Subscribers: 100% discount for all 2021 CPD subscribers. Not a CPD subscriber yet? Click here to register now.

Other member: R575.00

Company price: R950.00 (five attendees maximum)

Payments and 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.