Monthly SARS and Tax Update - June 2025
Presenters : Prof. Jackie Arendse
Overview
The South African tax landscape is increasingly complex and constantly changing, with legislative amendments, tax judgments, SARS documents, and operational developments. Staying up to date with these changes becomes ever more difficult, and the changing environment can become overwhelming.
The Monthly SARS and Tax Updates enable you to stay abreast of all the main changes as they happen. The monthly 2-hour webinars cover changes in tax legislation, tax judgments and interpretation matters, and SARS documents such as new and updated interpretation notes, rulings and guides. The information is essential for tax professionals, accountants, businesspeople and anyone interested in or impacted by the finance world.
Webinar Content
The June 2025 tax update covered the following key developments:
SARS Documents and Notices
- Notice to Submit 2025 Tax Returns
- Public Notice 6217, published in Government Gazette No. 52712 on 23 May 2025, outlines the returns required in terms of section 25 of the Tax Administration Act, 2011, read with section 66(1) of the Income Tax Act, 1962.
- Updated SARS Interest Rates
- Update to ITR14 – Beneficial Ownership Disclosure
- Updated SARS Guide on Withholding Tax on Royalties Return (WTR01)
- SARS Guide: VAT 420 Guide for Motor Dealers (Issue 3)
Tax Judgments
- Appellant Southern Africa (Pty) Ltd v CSARS (VAT 22315) [2025] ZATC 5 (25 April 2025)
- Addressed a claim for the refund of import VAT.
- Taxpayer D v CSARS (IT35476) [2025] ZATC (25 February 2025)
- Considered whether amounts reflected as loan accounts constituted undeclared income.
Other Developments
- Additional tax-related developments were discussed as they arose during the session.
Competencies Developed
After attending this webinar you will be:
- Updated with important and current changes in tax legislation and SARS practice
- Competent to apply the key aspects of new SARS documents published (i.e. binding rulings, interpretation notes, SARS guides/notices, etc.)
- Competent to advise 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 you clients about recent developments impacting their tax compliance and planning opportunities.
- Competent to revise the tax planning strategy of clients.