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Practical Guidance: Completing the ITR12 - session 1

This webinar on demand is part of a series of webinars. Click here to read more

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Overview

This video series on Practical Guidance: Completing the ITR12, equips tax professionals with the latest insights and practical tools to complete the ITR12 tax return accurately. Led by Diane Seccombe, the video series covers crucial updates for residents and non-residents, tax rates, deductions, trust taxation, and crypto asset treatment, ensuring compliance for the 2024 tax season.

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Content

Session 1
This session covers the foundational aspects of ITR12 filing, focusing on:

• Tax rates and the tax formula.
• Determining tax residency status.
• Filing for both residents and non-residents.
• Managing foreign income, exemptions, and deductions.
• SARS exchange rates and foreign currency treatment.

Session 2
The second session delves into more specialised topics:

• Tax implications for married couples.
• Crypto assets and their taxation.
• The taxation of trusts and the conduit principle.
• Renewable energy tax incentives for businesses.
• Enhanced deductions and updated capital gains treatments.

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Competencies Developed

• Understanding and applying current tax rates and deductions.
• Determining tax residency and handling foreign income.
• Navigating SARS exchange rates and completing foreign income disclosure.
• Effectively managing crypto asset transactions for tax purposes.
• Mastering trust income taxation and its conduit application.
• Advising on renewable energy tax incentives for business investments.