Monthly SARS and Tax Update - July 2022
Presenters : Prof. Jackie Arendse
Overview
In the July update, we will bring you the latest tax news, highlighting:
- Recent SCA judgments:
- Rennies Travel (Pty) Ltd v CSARS: Whether supplementary commission received by a travel agency should be zero-rated under s 11(2) of the VAT Act.
- CSARS v Capitec Bank Limited: Whether a tax fraction of loan cover pay-outs qualified for input tax deduction in terms under s 16(3)(c) of the VAT Act.
- Filing season issues: Current developments and notices.
- Provisional taxpayers.
- Auto assessments and due date for submission of return.
- New VAT guide for vendors.
- New VAT domestic reverse charge regulations.
- Changing a company’s year-end.
- Interest rate changes.
- And any other recent important developments.
The Monthly SARS and Tax Update webinar 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 viewing 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.