Monthly SARS and Tax Update

Overview

Our monthly SARS and Tax Update will bring you up to speed with ongoing South African tax environment developments. This month, Prof Jackie Arendse will be highlighting:

• Case law:
  • SCA: CSARS v Absa Bank Ltd and Another SCA 29 Sept 23 - GAAR provisions in ss 80A – 80L of the Income Tax Act, 1962; and s 105 of the Tax Administration Act, 2011.
  • Constitutional Court:
    • Sasol Chevron Holdings Limited v CSARS (CCT 149/22) [2023] ZACC 30 (3 October 2023) - Promotion of Administrative Justice Act 3 of 2000 (PAJA) – delay in instituting application for review – s 7(1) of PAJA – 180-day period – leave to appeal refused.
    • Nu Africa Duty-Free Shops (Pty) Ltd v Minister of Finance and Others; CSARS v Ambassador Duty-Free (Pty) Ltd and Others; Minister of Finance v Ambassador Duty-Free (Pty) Ltd and Others (CCT 29/22; CCT 57/22; CCT 58/22) [2023] ZACC 31 (3 October 2023) - Customs and Excise Act 91 of 1964; Value-Added Tax Act 89 of 1991 – Constitutionality of s 75(15)(a)(i)(bb) of the Customs Act and s 74(3)(a) of the VAT Act; s 77 of the Constitution; setting aside of assessments.
• Tax foundations:
  • The principles of deductibility of interest – how is s 24J applied; what is the role of s 11; how did Practice Note 31 apply; and what is the way forward with the proposed amendment introducing s 11G?
• SARS documents and notices:
  • Basic Guide to Section 18A Approval (Issue 5
  • Interpretation Note 51 (Issue 6) – Pre-trade expenditure and losses.
• And any other new developments that arise.

Competencies developed in this webinar

After attending this webinar you will be:

• Updated with important and current changes in tax legislation and SARS practice.
• Competent in applying the key aspects of new SARS documents published (i.e. binding rulings, interpretation notes, SARS guides/notices, etc.)
• Competent in advising clients about the impact of the latest tax amendments on their tax compliance and planning opportunities.
• Able to train your staff to prepare SARS-compliant tax returns considering the latest amendments and SARS practice.
• Informed about topics to include in a client communique to alert your clients about recent developments impacting their tax compliance and planning opportunities.
• Competent in revising the tax planning strategy of clients.

Presenter

Professor Jackie Arendse 

B Acc (Wits) M Acc (Tax) (UKZN) Chartered Accountant (SA) PhD (Accounting) (Rhodes)

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 developed her skills as an academic – authoring, lecturing, and researching on a wide range of tax areas – and also completing her master’s and PhD qualifications.

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 was Head of the Department of Accounting at Rhodes University from 2014 until 2020. Since 2021, she has been Head of Taxation at Academic One, which is developing a fully online CTA/Accounting Honours programme, and she continues as a sought-after presenter of tax seminars and webinars.

Jackie has presented tax training to tax practitioners, accountants, small businesses, and large corporates 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.

CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of Tax CPD.

Event Investment

Free for Tax Technicians, Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price:  R460.00
• Special rate for SAIT members:  R368.00
• Group booking discounts available when you register for a group.

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