Filter by category:
Sub category:

2019 Provisional Tax and Penalties

Provisional taxpayers are often penalised by SARS, not because the provisional tax was paid late, but as a result of the underpayment of provisional tax due to an underestimation. In this webinar, we will revisit the law relevant to provisional ta xpayers and the payment of provisional tax. The webinar will specifically deal with how the estimate of taxable income must be made and the relevance of the ‘basic amount’ in this respect. Wewill then specifically explain when SARS can, or must, levy the estimation penalty, and the remedies that are available to the provisional taxpayer to have the penalty remitted. The final issue will relate to interest where the additional payment was not made by the provisional taxpayer.

2 Hours | R295.00
Prof. Piet Nel CA(SA)

2019 Submissions of ITR14

The webinaris developed to assisttax practitioners in exercising due diligence when preparing the ITR14 tax return. The primary responsibility of the tax practitioner with regard to the submission of the ITR14 is to ensure that complete and accura te information is submitted to SARS and that defendable positions are taken whenever Uncertain Tax Positions arise. The tax compliance function is not simply an administrative function; the tax practitioner must exercise “reasonable care” when preparing the ITR14. Failure to do so may lead to an understatement penalty of 25% in a standard case – even where the taxpayer is in an assessed loss position. This webinarwill be case study based and learning will occur on a practical and interactive basis.

3 Hours | R345.00
Johan Heydenrych CA(SA)

2019 Managing Tax Risk

Managing tax risks at the core is the process of understanding, interpreting and applying tax laws in order to mitigate potential pitfalls. Tax Risk Management has developed into moral and ethical characteristics which should be considered in the tax payer’s immediate and broader context. These characteristics are formally embedded in King IV in South Africa where tax is included in good corporate governance. The purpose of this webinar is to provide guidance on how to manage tax risks within the South African context.Managing tax risks at the core is the process of understanding, interpreting and applying tax laws in order to mitigate potential pitfalls.

2 Hours | R295.00
Suzanne Smit

Tax2020: The Tax Migration vs Financial Emigration

#Tax2020 is effective as of 1 March 2020. As of South African tax year 2021, expats will be facing an additional tax on their now tax-exempt foreign earned income. Is this taxing of expats such a simple matter? And will affected parties merely rol l over and accept the fact that SARS will now tax expat South Africans, despite them having no ties to South Africa? Not only does the topic appear to be complex, it is also emotive. Financial emigration wars have broken out. Most wealth advisers, payroll administrators, and financial and investment advisors are now told their clients will have to formally or financially emigrate from South Africa. This two-hour webinarwill attempt to unpack the Act, as it was promulgated in December 2017 (effective as of 1 March 2020), and share some thoughts on the relevant 2019 foreign payroll and foreign remuneration tax policy changes (if any) to be announced by the new Minister of Finance. Despite the new uncertainties, the webinarwill not only clarify the known issues, but will also ensure you know the difference between #Taxmigration and #financialemigration. You should also be able to guide your clients on the pros and cons of financial emigration. Hugo will address the true, relevant issues of being tax resident or tax non-resident in terms of a tax treaty’s tie-breaker rules. What is the impact on tax emigration and the risk of availing to the UAE (Dubai) tax treaty benefit in the 2019 or 2020 tax year when the treaty has been in place for nearly three years? How will SARS deal with the overdue exit tax? Hugo will also attempt to address some, if not all, of your questions on the ITA section 9HA exit (CGT) tax facing expats or who claim they should not be suffering the new capped R1 million foreign income exemption.

2 Hours | R475.00
Hugo van Zyl
Need Help ?

Explore Smarty