Current Tax Issues for Individual Taxpayers 2021

Overview

Income tax might be one of the most inexplicable, uncontrollable aspects of modern day life, which might also be one of the main reasons why we as individuals have a hard time to accept it and to fit tax compliance into our schedules. Join us as we navigate through some of the main aspects that continue to baffle the individual taxpayer in 2021.

Workshop-webinar content

• In this session we will look at the difficulties, and sometimes unanswered questions, that individual taxpayers experienced during 2021, including:
  • The shift in the emigration process, and how this is currently impacting on retirement lump sums:
  • How does SARS currently facilitate TCS pins for emigration?
  • The role of the fund administrator and the responsibility of the individual.
  • Will individuals be taxed on their lump sums upon emigration – even if they don’t have access to withdraw it yet?
  • What about the rest of the exchange control rules – do they still apply?
• When to claim home office expenses:
  • Is the individual allowed to do so? Did the requirements change during Covid-19?
  • The cost (or simply administration) vs benefit of claiming home office expenses.
  • The possible aftershock on capital gains tax that doesn’t come with a choice.
• Declaring your crypto asset transactions:
  • Is it a capital asset or not? When will there be a “taxable event”?
  • What information will support the individual’s tax position, and how will SARS gain access to information on these transactions?
• Claiming deductions from a travel allowance or employer provided vehicle:
  • When may these expenses be claimed and when are they prohibited?
  • Information required by SARS to substantiate the deduction.
  • The responsibility of the employer.
• The foreign employment income exemption and the impact of the travel ban.
• Declaration of income:
  • Investment income from rentals – non-compliance consequences.
  • Declaring income from assets falling within, or outside, a communal estate.
  • Do individuals still need to submit tax returns even though they were unemployed?
• Disputing SARS:
  • Is it worth it for the individual?
  • What other avenues are available to resolve issues with SARS?

Who should attend?

Individual taxpayers that manage their own tax affairs, or those that manage the tax affairs of other individuals.

Presenter

Corlia Faurie CA(SA)

Corlia started out in corporate training in 2020, when she joined ProBeta Training as a facilitator in taxation. Following the completion of her Honours degree in Accounting Sciences at the University of Pretoria, she joined the university as an assistant lecturer and academic trainee in the Department of Taxation, after which she completed her qualification as an audit trainee at BDO South Africa.

Since joining ProBeta Training, Corlia has facilitated courses for many tax matters, as well as ethics related courses for professionals in the industry. She has assisted in developing the annual Tax Guides with ProBeta Training and has also developed an additional tax guide for employers in 2021.

With a passion for not only educating but also enabling others, she strives to impart valuable tax knowledge and promote an attitude of moral courage that extends beyond mere taxes, and hopefully reaches into the lives of others.

CPD

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

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 (five attendees maximum): R950.00

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 SAIT bank account.
• Cancellations:
  • Only written notice of cancellation will be recognized.
  • 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.
• SAIT`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.