Monthly SARS and Tax Update - April 2023
Presenters : Prof. Jackie Arendse
Overview
Our monthly SARS and Tax Update will bring you up to speed with ongoing developments in the South African tax environment. Each monthly tax update brings you the latest tax news, highlighting:
- Latest judgments:
- SCA:
- CSARS v Rappa Resources (Pty) Ltd and United Manganese of Kalahari (Pty) Ltd v CSARS both dealing with the dispute resolution process and s 105 of the Tax Administration Act.
- High Court:
- Henque 3935 CC v CSARS dealing with the set-off of a tax liability of a company in business rescue.
- CSARS v Grand Azania (Pty) Limited dealing with tax debts and liquidation.
- Siyandisa Trading (Pty) Ltd v CSARS dealing with the deduction of wear and tear allowance and interest and understatement penalty on the basis of gross negligence.
- CSARS v Khagiso Afrika Holdings (Pty) Ltd and Others dealing with the confirmation of a provisional preservation order.
- Dankie Oupa Delwery CC v CSARS dealing with a diesel rebate and documentation
- Tax Court:
- Taxpayer N v CSARS TC2022/37 dealing with an application for a default judgment and whether SARS' late submission of a Rule 31 statement should be condoned.
- SCA:
- SARS documents:
- New VAT 264 form.
- Employer Annual Declaration opened on 1 April and closes on 31 May 2023.
- Updated FAQs on PAYE on pensions or annuities.
- Latest Tax Practitioner Connect newsletter.
- And any other recent developments.
Competencies developed in this video
- 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.