Monthly SARS and Tax Update - March 2024
Presenters : Prof. Jackie Arendse
Overview
In the March update, we discuss the following:
Tax Case Judgments:
- Walter v CSARS (HC): Restraint of trade - whether included in gross income.
- Pather v CSARS (HC): Whether liable for debts of a company under TAA s 183.
- VAT 22184 (TC): Supply of services to foreign tourists - whether zero-rated.
- VAT 22402 (TC): Supply by a university - whether input tax could be claimed.
- VAT 1788 (TC): Whether provision of accommodation was considered ‘entertainment’.
SARS Documents and Notices:
- Estimated VAT Assessments
- Guide on Securities Transfer Tax
- Updated Guide on Lump Sum Directives
Competencies Developed:
After attending this video, you will be:
- Updated with important and current changes in tax legislation and SARS practice.
- Competent in applying the key aspects of newly published SARS documents, such as binding rulings, interpretation notes, and guides/notices.
- Competent in advising 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 communiqué to alert your clients about recent developments affecting their tax compliance and planning opportunities.
- Competent in revising the tax planning strategies of clients.