Webinar: VDP’s: An Update following Recent Case Law and Other Developments - 2021


Date: Oct 18, 2021 - Oct 18, 2021

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Nico Theron

Voluntary disclosure relief (VDP) is sought by taxpayers for defaults such as understatement of income, over claiming of expenses and non-compliance resulting in outstanding tax.

 

 

#WATCH I Nico Theron will be unpacking some of the latest developments in the VDP space. In particular, he will be discussing two recent judgements which have quite far-reaching implications for every day VDP applications.


Overview

Voluntary disclosure relief (VDP) is sought by taxpayers for defaults such as understatement of income, over claiming of expenses and non-compliance resulting in outstanding tax. Successful applicants will obtain the following relief:

  • The South African Revenue Service (SARS) will not pursue criminal prosecution for a tax offence arising from the ‘default’.
  • Relief in respect of understatement penalties.
  • A 100 per cent relief in respect of an administrative non-compliance penalty that was or may be imposed in terms of the Tax Administration Act.

Webinar content

These benefits are, however, only available where the VDP application is successful. In this webinar, Nico Theron will:

  • Unpack the recent judgment in Purveyors South Africa Mine Services (Pty) Ltd v Commissioner for the South African Revenue Service (61689/2019) [2020] ZAGPPHC 409 (25 August 2020) to explain what the real consequences are for everyday VDP applications.
  • Evaluate the mechanisms available after conclusion of a VDP agreement to further limit exposure consequent upon a taxpayer’s default following the recent judgment of Medtronic International Trading SARL v Commissioner for the South African Revenue Service (33400/2019) [2021] ZAGPPHC 134 (15 February 2021).
  • Discuss developments consequent upon the following announcement in the 2021 National Budget: “The voluntary disclosure provisions will be reviewed in 2021 to ensure that they align with SARS’ strategic objectives and the policy objectives of the programme.”

Who should attend?

Tax practitioners, tax advisors, tax managers and tax consultants.


Presenter

Nico Theron

MTP(SA), BCom Law (cum laude), BCom Honours Taxation, MCom Taxation (SA and International Tax)

Nico is the founder of Unicus Tax Specialists SA, a niche tax advisory services firm that specialises in corporate tax and VAT, more specifically in the context of advance tax rulings, tax dispute resolution and voluntary disclosure program applications.


CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points..


Event Investment

100% discount for all 2021 Tax Practitioner and Tax Accountant CPD subscribers.

Regular price: R495.00

SAIT member: R395

Group price (five attendees maximum): R950.00


Payments and cancellations

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  • Only written notice of cancellation will be recognised.
  • Cancellation 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.
  • SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
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Venues & Dates

The following venues and dates are available for this event.


Discounts available

The following discounts are available for this event

SAAA: VDP’s: An Update following Recent Case Law and Other Developments - 2021: SAAA: VDP’s: An Update following Recent Case Law and Other Developments - 2021

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