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Tax Administration Part 4C Understatement Penalties

This series of videos covers the main aspects of the Tax Administration Act and the general tax administration provisions that have to be managed by taxpayers and tax practitioners. Tax Administration Part 4C Understatement Penalties The Tax Ad ministration Act (TAA) provides for various sanctions for non-compliance, as a means to discourage non-compliance and thereby improve tax collections. This video explains the understatement penalty that is covered in Chapter 16 of the Tax Administration Act, including the steps that should be taken if a taxpayer disagrees with an understatement penalty hat has been levied by SARS.


0.5 Hours | R49.00
Prof. Jackie Arendse

Tax Administration Part 4B Remittance Of Chapter 15 Administrative Penalties

This series of videos covers the main aspects of the Tax Administration Act and the general tax administration provisions that have to be managed by taxpayers and tax practitioners. Tax Administration Part 4B Remittance Of Chapter 15 Administrativ e Penalties The 2nd video in this miniseries on tax penalties, describes when and how a taxpayer may get a Chapter 15 penalty remitted. Knowing the rules is crucial in effectively managing penalties. Knowing how to apply for remittance of penalties can save you many hours and Rands and win the confidence of your clients. This video explains the grounds for and proceed to be followed in applying for a remittance of Chapter 15 penalties.


0.5 Hours | R49.00
Prof. Jackie Arendse

Tax Administration Part 4A: Penalties Chapter 15 Administrative Non-Compliance

This series of videos covers the main aspects of the Tax Administration Act and the general tax administration provisions that have to be managed by taxpayers and tax practitioners. Tax Administration Part 4A: Penalties Chapter 15 Administrative N on-Compliance The Tax Administration Act (TAA) provides for various sanctions for non-compliance, as a means to discourage non-compliance and thereby improve tax collections. This video provides an introduction to the various types of penalties and then explains the administrative non-compliance penalties that are contained in Chapter 15 of the TAA.


0.5 Hours | R49.00
Prof. Jackie Arendse

2020 VAT Refresher

Overview As a “transaction-based” tax, VAT affects every activity of the Taxpayer. Not only is it important that the vendor pays the correct VAT to SARS, it is also important that VAT is paid in the relevant tax period, that the prescr ibed documentary evidence is produced and obtained, and that the VAT returns reconciles to declarations made in the annual financial statements and ITR 14 Income Tax returns. The course combines tax technical content with practical application and will not only assist the vendor in managing the VAT responsibilities on a day-to-day basis, but will also guide the taxpayer to manage complex transactions including but not limited to the apportionment of input tax, immovable property transactions, group reorganisations and change in use adjustments. Participants will be guided on how to plan for, and complete the IT 14SD in so far as output tax and input tax reconciliations are concerned. The course is case study based whereby complex principles are explained on a simple, understandable and practical basis.


4 Hours | R295.00
Johan Heydenrych

2020 Webinar: Offshore tax planning options for a SA tax resident Webinar 2

Overview Many South African residents want to make use of tax planning options to minimize their South African tax consequences. Proper structuring is necessary to ensure that the most efficient options are made use of. If not, taxpayers might be faced with problems and unexpected tax consequences in future. Structuring should not only take the current tax savings and benefits into account when structuring, but also the future tax that could arise in subsequent periods. A holistic and long-term perspective is important in choosing the best tax planning option. The second webinar in this series of three webinars will be taking place on 3 June 2020. The webinar will focus on the process of setting up an active trading, consulting or IP exploitation business (or an extension of an existing South African business) outside of South Africa. The issues that will be covered in this webinar are: The importance of a commercial main objective in dealing with the South African General Anti-Avoidance Rules Using a “building blocks” approach in starting a legal structure, balancing cost and practicalities with the tax benefits and risks The importance and practical challenges of ensuring that the “Place of Effective Management” of the business occurs outside of South Africa Dealing with Controlled Foreign Company rules The critical issue of creating foreign based substance and value added activity and the application of transfer pricing rules Ensuring that no “Permanent Establishment” of the foreign business exists in South Africa The role and benefits of Double Taxation Agreements and the effect of the Multi-Lateral Initiative, using Mauritius as an example Some important South African Exchange control restrictions and rules, particularly regarding the exportation of capital from South Africa


2 Hours | R195.00
Mark Andrew Korten

2020 Webinar Interest – To Charge Or Not To Charge

Overview Interest expenses and interest income are line items for almost all taxpayers. It is however also a section that creates serious confusion. When are we required to charge interest? Can SARS force us into it? What is the difference between deemed and actual interest and how does this impact taxable income? Join Carmen Westermeyer in this session that will unpack the following key questions: What are the common law requirements and rules with respect to debt and charging interest? Can charging/not charging interest give rise to donations tax? What is s24J and how do we calculate interest for income tax purposes? How can SARS penalize us for charging interest? o Section 8F and 8FA o Disallowance of interest deductions How can SARS penalize us for not charging interest? The Brummeria principle Section 7C Section 64E(4) What transfer pricing principles should be considered? Delegates will have an understanding of and exposure to the following: Understanding the legal requirements with respect to interest Understanding how to calculate the interest amount per s24J Understanding the anti-avoidance provisions in the Income Tax Act tie in


2 Hours | R195.00
Carmen Westermeyer

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