Monthly SARS and Tax Update - May 2025
Presenters : Prof. Jackie Arendse
Overview
The South African tax landscape is increasingly complex and constantly changing, with legislative amendments, tax judgments, SARS documents, and operational developments. Staying up to date with these changes becomes ever more difficult, and the changing environment can become overwhelming.
The Monthly SARS and Tax Updates enable you to stay abreast of all the main changes as they happen. The monthly 2-hour video cover changes in tax legislation, tax judgments and interpretation matters, and SARS documents such as new and updated interpretation notes, rulings and guides. The information is essential for tax professionals, accountants, businesspeople and anyone interested in or impacted by the finance world.
Video Content
In the May 2025 tax update, we will cover the following topics:
-
Budget 2025 – Version 3
-
Scheduled for presentation in the National Assembly on 21 May 2025.
-
-
Tax Case Judgments
-
Arrow v CSARS (IT 45776) – Interpretation of the Tax Administration Act and Income Tax Act, focusing on issues of prescription, deductions, penalties, interest, and the application of general anti-avoidance rules.
-
Flower v CSARS (IT 25209) – Consideration of a Rule 56(1) application under the Tax Administration Act.
-
-
High Court Judgment
-
Sookoo v CSARS (ZAGPPHC) – Involving a preservation order granted under section 163 of the Tax Administration Act. The court held that such an order applies only to the tax liabilities identified in the original application in terms of section 163(1), and does not extend to unrelated tax liabilities.
-
- And any other developments that may arise.
Competencies Developed
After watching this video 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.