Monthly SARS and Tax Update - September 2024
Presenters : Prof. Jackie Arendse
Overview
Stay informed about the latest developments in the South African tax landscape with our monthly SARS and Tax Update. In September, Prof. Jackie focuses on the following:
1. Tax Judgment
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Christoffel Wiese and Others v CSARS ZASCA 111 (12 July 2024) – This case addresses the collection of tax debt from third parties.
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TALT v CSARS ZAGPJHC 827 (27 August 2024) – This case focuses on the grounds of objection.
2. SARS Documents
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Updated Interpretation Note 15 (Issue 6) – Provides guidance on the exercise of discretion to extend the period for lodging an objection or appeal.
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BGR 73 – Clarifies the meaning of taxable income for the purposes of setting off an assessed loss by a company.
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SARS directive enhancements are made to the two-pot retirement system.
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Updates for the 2024 filing season are also released.
Competencies developed
After watching this video, you are:
- 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.