Monthly SARS and Tax Update - August 2022
Presenters : Prof. Jackie Arendse
Overview
Are you managing to keep abreast of all the latest tax changes and SARS notices? It’s crucial for tax professionals to be informed about current developments. Our monthly SARS and Tax Update keeps you abreast of the latest developments in South African tax, focusing on the main issues that affect your business and your clients.
Recording content
In the August update, we will bring you the latest tax news, highlighting:
- Draft 2022 tax amendment bills incorporating the tax amendments announced in the 2022 Budget Speech.
- Recent tax judgments:
- Forge Packaging (Pty) Ltd v CSARS – tax administration, verification vs audit.
- SACS (Louis Trichardt) (Pty) Ltd v CSARS – tax administration, audits, prescription on assessments.
- SARS documents:
- Updated Tax Exemption Guide for Public Benefit Organisations (Issue 6).
- Retirement funds: Emigration withdrawal changes.
- When is a company or a close corporation liquidated?
- SARS has updated the “frequently asked questions” relating to liquidations.
- Interest rate changes: More tax will be payable on deemed donations and deemed dividends.
The Monthly SARS and Tax Update recording unpacks the latest developments, taking a practical approach to help you understand how these changes and developments may affect you and your clients and keeping you on the cutting edge of tax law and practice in South Africa.
Competencies developed in this CPD
After attending this recording 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.