Monthly SARS and Tax Update - June 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. This month, prof Jackie Arendse will be highlighting:
- Getting ready for the 2023 filing season: latest developments
- Tax judgments
- Constitutional Court: Arena Holdings (Pty) Ltd t/a Financial Mail and Others v CSARS and Others(CCT 365/21) [2023] ZACC 13 (30 May 2023) - Promotion of Access to Information Act and Tax Administration Act: accessing taxpayers information
- SARS documents
- Interpretation notes:
- New: Interpretation Note 129 – Understatement penalty: Meaning of “maximum tax rate applicable to the taxpayer”
- Updated: Interpretation Note 74 (Issue 3) – Deduction and recoupment of expenditure on repairs
- Interpretation notes:
- 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.