Movement of goods across the borders of the republic is an integral part of our economy. The customs environment is constantly changing and staying up-to-date with these changes are crucial. This contributes to the controversy that exists
In this webinar, we unpack the following:
SARS detention of containers:
Typical queries from SARS.
Delays at the border posts.
SARS audits – focus on valuation as well as imports from BELN countries and the upliftment for VAT purposes.
Current trends in customs.
Updates from SARS customs.
Webinars in this series:
12 October: Controversy in customs
26 October: Customs hot topic
12 November: Customs update
Broad-based black economic empowerment (B-BBEE) is expected to remain a feature of the South African business environment. Without B-BBEE ownership, it is near impossible to achieve a sustainable B-BBEE status. With South Africa now offic
ially on level 1 lockdown, with most of our economy having re-opened, this is a good time to get to grips with why B-BBEE is important and the requirements of the scorecard, how to structure sustainable B-BBEE ownership transactions that make business sense and understanding employment equity legislation.
After attending this webinar, delegates will have gained an understanding of:
An overview of the B-BBEE codes and the “why” of the legislation.
The various options that are available for small and medium-sized business to increase their B-BBEE ownership score and how to structure such transactions optimally.
Understanding employment equity and how it links to B-BBEE (including recent amendments to the Employment Equity Bill).
The session will also outline easy examples of how to structure transactions optimally from a B-BBEE perspective.
Home office expenses
Many taxpayers work from home. Some are required to render their employment services from home (this is especially relevant due to COVID-19) and others run a business from home. The question that arises is whether expenses rel
ated to one's home can then be deducted against income and, if so, how this deduction should be calculated and what the subsequent consequences of this deduction will be. In this series we will explore and unpack the claiming of home office expenses as tax deductions.
Medicate expenses, medical rebates, disability expenses and medical credits
Many taxpayers are members of a medical aid. Most taxpayers incur medical expenses that are not recovered or recouped. In this series we will explore when a taxpayer can claim a section 6A credit against his/her tax liability. We will also discuss the working of the section 6B credit, which costs will qualify as out-of-pocket expenses and how the calculation and compliance is impacted when a person with a disability is involved.
Travel allowance, subsistence allowance, cell phone allowance and clothing allowance
Many salaried employees receive allowances from their employers. In this series we will explore the deductions that can be claimed against the most prominent allowances received by employees as well as how this should be reported on in the completion of the ITR12.
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