2025 Annual Budget and Tax Update - Part 1
Presenters : Diane Seccombe
Overview
In an era where change is one of the few certainties, staying informed about tax developments is essential. Legislative amendments, administrative updates, and evolving SARS requirements continue to shape the tax landscape, impacting businesses, practitioners, and taxpayers alike. Understanding these changes is key to ensuring compliance and managing tax obligations effectively.
This workshop will provide a comprehensive update on recent tax developments, including key legislative amendments, SARS administrative clarifications, and changes to tax forms. We will cover a range of critical topics, from penalties for late submissions and donations tax updates to transfer pricing provisions and trust taxation. Join us to stay ahead of the latest tax changes and gain practical insights to navigate the evolving regulatory environment.
Workshop Content
This workshop will cover:
- Budget Speech 2025: Key tax-related issues
- Penalties: Late submission of returns and requests for remission
- Donations tax: New donations tax form and Section 7C disclosure
- Section 7C deemed donations:
- Reduced official rate of interest
- Interplay with transfer pricing provisions
- Section 31 transfer pricing: Expanded scope of application
- Capital Gains Tax (CGT): Tax rebate for CGT paid on foreign assets
- Trusts:
- Increased second provisional payments
- SARS clarification on beneficial ownership
- Company taxation: Assessed losses and liquidation
- Collective Investment Schemes (CISs): Treasury’s perspective on taxation
- VAT amendments
- Tax administration amendments
Competencies Developed
By attending this workshop, you will:
- Understand the latest legislative changes and SARS administrative updates, ensuring compliance with evolving tax regulations.
- Gain insights into penalties, donations tax, transfer pricing, and trust taxation to manage tax obligations effectively.
- Learn strategies to optimise tax planning, including CGT rebates, assessed losses, and the taxation of Collective Investment Schemes (CISs).
- Be equipped to guide your staff in addressing systemic tax issues and assisting clients with SARS compliance requirements.
- Access resources and best practices to resolve taxpayer issues efficiently and proactively.