Overview

When was the last time you had read chapters 4 and 5 of the SARS Tax Administration Act? In the busy world of a tax professional, it was easy to forget the intricacies of these important facets of the Act and how the legalities thereof could have affected your client. These chapters also laid out the processes required for smooth verifications of tax returns and requests for relevant material.

During this 2-hour webinar, Johan Heydenrych refreshed participants on the intricacies of filing returns and record-keeping, as well as reminded attendees of SARS's powers and procedures for gathering relevant information for the purposes of verifications and audits. Johan discussed the technical framework within which SARS had to conduct a verification and request for relevant material, and illustrated on a practical level how tax practitioners should have accurately responded to SARS requests.

Webinar Content

• Review of relevant sections of Chapters 4 and 5 of the Tax Administration Act No 28 of 2011 (“TAA”).
• Importance of pro-active identification of potential tax uncertain positions.
  • Potential dispute as to the “facts”.
  • Potential dispute as to matters of “law”.
• What resources are available when a contravention of a law is suspected or identified.
• Practical examples of dealing with Requests for Information:
  • Income tax
  • Value-added Tax
  • Employment tax
  • Dividend and

Competency Development

The main purpose of the webinar was to provide participants with the following competencies:

• To have become familiar with the requirements of the TAA concerning the following:
  • Record-keeping requirements.
  • Information gathering rules as per Chapter 5 of the TAA.
  • What constituted “relevant information.”
• To have anticipated a Request for Information at the time of submission of tax returns, thereby reducing the risk of “surprises” arising from SARS requests for information.
• On a practical basis, to have responded to requests for information in a clear and concise manner, reducing the risk of escalation to a full-scale audit.
• Communicated with clients regarding the importance of proactive tax risk management to reduce the risk of disputes.

Presenter

Johan Heydenrych CA(SA)

Johan has specialised in taxation since 1991. He was a tax partner in KPMG from 1997 to 2020 and is currently a partner in the Kreston SA network specialising in taxation. He provides a wide range of tax services to various clients across industries. These include, but are not limited to, the following:

• Advice on tax risk management and tax governance.
• Tax compliance services including but not limited to ITR14 and IT14SD.
• Dealing with tax disputes including representing clients at alternative dispute resolution (ADR) hearings.
• Submission of documentation and revised returns under the voluntary disclosure programme.
• Issuing of tax technical opinions on income tax, value-added tax (VAT) and PAYE. This includes preparing briefs to senior counsel and submissions of requests for binding opinions from SARS.
• Audit support services including normal tax and deferred tax disclosure and disclosure of uncertain tax positions.
• Assistance with implementation of tax reporting for new accounting standards such as IFRIC 23, IFRS 9, IFRS 15 and IFRS 16.
• Facilitation of tax diagnostic sessions with existing and prospective clients.
• Advice on mergers, acquisitions, and reorganizations.
• Tax due diligences
• Advice on tax implications of recapitalization transactions, debt restructures, liquidations, and de-registrations.

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 Technician, 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.

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 Tax Faculty's 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.
• Tax Faculty`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.