Monthly SARS and Tax Update - May 2024
Presenters : Prof. Jackie Arendse
Overview
Keeping up with constant changes in tax legislation and operations can feel like you’re running a race that never ends. For tax professionals, there is nothing more important than to stay informed and up to date to navigate these changes effectively. In this video we will highlight these changes and other important cape law updates:
Tax Judgments:
- Capitec v CSARS - VAT (Constitutional Court judgment)
- Taxpayer Boerdery v CSARS - deductibility of insurance premium (Tax Court)
SARS Documents:
- Third Party Reporting
- New and updated Interpretation notes:
- IN 131 – Exemption of income relating to South African ships used in international shipping.
- IN 105 (Issue 2) – Deductions in respect of buildings used by hotelkeepers.
Competencies developed in this video
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 new SARS documents published (i.e., binding rulings, interpretation notes, SARS guides/notices, etc.)
- 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 communique to alert your clients about recent developments impacting their tax compliance and planning opportunities.
- Competent in revising the tax planning strategy of clients.