Annual Tax Update 2024/2025 - part 1
Presenters : Prof. Jackie Arendse
Overview
The tax landscape is dynamic and increasingly complex. Staying up-to-date with these changes is becoming ever more challenging, and the shifting environment can feel overwhelming. The Annual Tax Update offers a unique opportunity to catch up on all the major changes from the past year. It is a must-attend event for tax professionals, accountants, business leaders, and anyone interested in or affected by the finance world.
This year, Prof Jackie Arendse will guide you through the key tax amendments, tax judgments, and other significant developments of 2024. These changes will impact all taxpayers now and in the future. The workshop will explain these amendments in a practical, accessible manner, using real-world examples to help you evaluate their impact and understand how the changes may affect your personal finances, business, and clients.
Attending this event will provide valuable CPD hours, and, more importantly, it will equip you with essential information to add value for your clients by highlighting the significant changes impacting their businesses and personal wealth planning in the foreseeable future.
Workshop Content
The following will be unpacked during the workshop:
Part 1 - Amendments in the following bills:
- Amendments in the following bills:
- Rates and Monetary Amounts and Amendment of Revenue Laws Bill, 2024.
- Revenue Laws Amendment Bill, 2024.
- Taxation Laws Amendment Bill, 2024.
- Tax Administration Laws Amendment Bill, 2024.
- A broad overview of the Global Minimum Tax Bill, 2024 and the Global Minimum Tax Administration Bill, 2024
Part 2 - Summary of 2024 Tax Judgments:
- Constitutional Court
- The Thistle Trust v CSARS
- Coronation Investment Management SA (Pty) Limited v CSARS
- Capitec Bank Limited v CSARS
- Supreme Court of Appeal
- Naraidu v The State
- Christoffel Hendrik Wiese and Others v CSARS
- High Court
- TALT v CSARS
- Poulter v CSARS
- Pather v CSARS
- Unitrans Holdings v CSARS
- Tax Court
- ABD Ltd v CSARS
- New and updated SARS notices, rulings, and interpretation notes issued during 2024.
Competencies Developed in this Workshop
After attending this workshop, you will be:
- Updated with important and current changes in tax legislation and SARS practice.
- 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 in this year and beyond.
- Competent to revise the tax planning strategy of your clients.