Webinars On-Demand

Overview Join the South African Institute of Tax Professionals for our new monthly webinar series Tax Practice: On the Move. With these webinars, we aim to bring to you, the Tax Practitioner, the latest tax practice news and SARS information in succinct, interactive, one-hour webinars. Each monthly session will feature two parts: Segment 1: Tax news Segment 2: A specialist panel discussion on various trending topics In an attempt to avoid connectivity issues, guest speakers will join us in studio to pre-record their webinar session. However, to keep the webinar interactive, the guest speaker(s) will be available on the day of the webinar to answer your questions live via the chat function. Join us on 22 July 2020 from 15:00 – 16:00 for the fifth edition, wherein we will present the following: Segment 1: Tax news (30 minutes) Legislative updates SARS operations and trends SARS legal and policy New case law Speakers: Jean du Toit from Tax Consulting South Africa, in discussion with Beatrie Gouws from SAIT. Segment 2: A specialist discussion focussing on the practical side of the Office of the Tax Ombud’s report on the investigation into systemic issues (30 minutes) Relevant findings regarding the fluidity of PAYE statements and the practical details relevant to tax practitioners and taxpayers Findings regarding SARS’ failure to comply with dispute resolution timeframes and the practical details relevant to tax practitioners and taxpayers Speakers: Suzanne Smit from Nubis.tax, in discussion with Beatrie Gouws from SAIT. Seats are limited to 1 000 delegates per session, so be sure to book in advance. Tax Practice: On the Move is a free benefit to SAIT members. If you cannot make it to a live session, a downloadable podcast will be made available to listen to while you are on the move.

Overview Do you sometimes feel like you are sinking under the relentless waves of tax legislation changes? Stay afloat in the fast-paced tax environment by participating in our regular monthly updates which unpack the latest tax news. Some o f the aspects that we will cover in the July Monthly Tax Update webinar include: • Filing Season 2020 – What you should be planning for • SARS’ Public Notice: Who must submit 2020 tax returns? • Binding Class Ruling (BCR) 070 – Recipients of shares in an “unbundled” company • Binding Private Ruling (BPR) 345 – Asset-for-share transactions followed by an unbundling transaction and a sale of shares to a third party • Updated Interpretation Note 18 (Issue 4) – Section 6quat rebate and deduction for foreign taxes on income • Recent judgments and latest developments in the tax environment The webinar takes a practical approach so that you can understand how these changes and developments may affect you and your clients.

Overview Do you have questions related to relevant and topical matters and don't know where to find the answers? We have the answers for you! We are very excited to launch our new Q&A based webinar (series). The webinar (series) will focus on practical issues experienced and problems and difficulties arising in practice. What makes this webinar (series) different? The webinar will include pre-loaded videos covering the technical principles related to the topic which delegates can view at their own convenience Delegates have the opportunity to submit questions that they have of practical issues and problems and these will be addressed in the live Q&A event Delegates will obtain 3 hours verifiable CPD for each session aftersuccessful completion of assessment Many taxpayers and tax professionals have reported on an increase in SARS audit and verification activity in the recent weeks. It seems that SARS is following a somewhat aggressive approach to increase its collections. In this session we will focus on the way in which a taxpayer should manage its communication with SARS and best practice to handle disputes. We will be answering questions related to the practical difficulties experienced when attempting to resolve disputes with SARS.

Overview Personal Income Tax is relevant to salaried employees and self-employed individuals. In this comprehensive session we will take a 360-degree view of the issues affecting individual taxpayers. We will also deal with how items should be ref lected and declared on the ITR12. The session will be practical and case study based. In this comprehensive session we will unpack and explore the following key questions and issues: Who is required to submit an ITR12? When will a natural person be a provisional taxpayer? How should non-taxable receipts be treated? How should exempt receipts be treated? How will the tax calculation and the completion of an ITR12 be impacted if spouses are married in community of property? Also, how will this affect the tax consequences arising when a spouse passes away? What deductions can be claimed against allowances and how should these flow into the ITR12? When can home office expenses be claimed and how should the deduction be calculated? Specific issues related to commission earners and deductions claimable by these taxpayers Specific issues related to a rental trade and the deductions available against the income earned (as well as related losses) When will losses realised by a taxpayer be ring-fenced? How should annuity income and lump sums from employers (including severance benefits) be treated? How should receipts as beneficiary of a trust be dealt with in the tax calculation and declared in the ITR12? How should disposals of capital assets be dealt with? What exclusions are available? In particular, what tax consequences will arise on the disposal of a primary residence? How should a taxpayer’s contributions to retirement funds be treated? How will the deduction be calculated and how should it be declared on the ITR12? How will a taxpayer’s donations impact the calculation of taxable income and how should it be declared on the ITR12? What rebates can be claimed by a taxpayer related to contributions to a medical aid as well as other medical costs incurred?

Overview Many South African residents want to make use of tax planning options to minimize their South African tax consequences. Proper structuring is necessary to ensure that the most efficient options are made use of. If not, taxpayers might be faced with problems and unexpected tax consequences in future. Structuring should not only take the current tax savings and benefits into account when structuring, but also the future tax that could arise in subsequent periods. A holistic and long-term perspective is important in choosing the best tax planning option. The thirdwebinar in this series of three webinars will be taking place on 8 July 2020. This webinar will focus on explaining the Mauritian residency and tax system as a viable location for South Africans to take up tax residency and operate a business or profession. This webinar will deal with the following- The various options available to take up residency by living and working in Mauritius Overview of the Mauritian tax system for an expatriate SA person that moves his tax residency to Mauritius Various tax and estate planning options in Mauritius for the individual, trusts and companies resident in Mauritius Explaining the concept of forced heirship rules that apply to a Mauritian domiciled person Identifying where Mauritius is very attractive and in what circumstances it is less attractive Highlighting Mauritian tax holidays and incentives offered Living in Mauritius: Benefits and challenges of living, working, children’s schooling, shopping, law and order, owning property and general lifestyle in Mauritius Briefly touching on Dubai, Singapore and Malta as likely alternative jurisdictions that are tax friendly

Overview Join theSouth African Institute of Tax Professionalsfor our new monthly webinar series – Tax Practice: On the Move. With these webinars, we aim to bring to you, the Tax Practitioner, the latest tax practice news and SARS informat ion in succinct, interactive, one-hour webinars. Each monthly session will feature two parts: Segment 1: Tax news Segment 2: A specialist panel discussion on various trending topics To avoid connectivity problems, guest speakers will join us “in studio” to pre-record the webinar. However, to keep it interactive, the guest speaker(s) will join us during the broadcast to answer your questions in the chat function (not available on YouTube). Join us on24 June 2020 from 15:00 - 16:00for the fourth edition, wherein we will present – Segment 1: Tax News (30 minutes) COVID-19 tax relief update SARS operations and trends SARS legal and policy New case law Speakers: Jean du Toit, Tax Expert from Tax Consulting, in discussion with Beatrie Gouws from SAIT. Segment 2: A specialist panel discussion on Filing Season 2020 for individual taxpayers SARS’ new approach to Filing Season: Where did it originate and what can we expect? The three phases of Filing Season 2020: A practical breakdown Adapting: Addressing fees, marketing, new procedures, and positioning from a Tax Practitioner’s point of view Risks and concerns: Discussing areas of concern regarding certain types of tax returns and the related risks Speakers: Doné Howell and Nicoline Benzien, Tax Experts from BDO, in discussion with Beatrie Gouws from SAIT. Seats are limitedto 1000 delegates per session, so be sure to book in advance.Tax Practice: On the Move,is a free benefit to SAIT members. If you cannot make it to a live session, a downloadable podcast will be made available to listen to while you are on the move.