Annual Tax Update 2020/2021

WHAT YOU WILL LEARN

By the end of this event the attendee should:

• Be updated on the tax amendments that have been included in the following Bills (tabled in Parliament on 28 October 2020):
  1. 1. Rates and Monetary Amounts and Amendment of Revenue Laws Amendment Bill, 2020.
     2. Taxation Laws Amendment Bill, 2020.
     3. Tax Administration Laws Amendment Bill, 2020.
     4. Recent tax case judgments and other developments.
• Understand how these changes affect accountants and their clients.

DESCRIPTION

During this webinar, Prof Jackie Arendse will explain the amendments in a practical, comprehensible manner so that attendees can understand how to apply the amendments and the impact of the tax judgments during 2020, and how these may affect your businesses and personal finances.

The tax update will cover the most important amendments proposed in the 2020 Taxation Laws Amendment Bill and Tax Administration Laws Amendment Bill.

This webinar is a significant, must-attend event on the calendar of tax practitioners, accountants and bookkeepers

PRICE

The following pricing apply:
Ad hoc: R575.00
Subscription: Included for free in Accountant in Practice plus Tax package.

CONTENT

Session 1 – 2020 Amendment Bills

• Foreign employment income exemption: 183-day requirement
• Exemption for employer-provided bursaries
• Withdrawing from retirement funds upon emigration
• Inclusion of preference share structures and s 7C
• Reimbursing employees for business travel
• Doubtful debt allowance under section 11J
• Amendments to corporate reorganisation rules
• Trust capital gains
• VAT amendments
• Tax administration amendments
• Further COVID relief

Session 2 – 2020 Disaster Management Tax Relief Act – deferral relief

Deferral relief relating to Employees’ tax & Provisional tax

Session 3 – Recent Tax Judgments

SCA

• CSARS v Atlas Copco SA (Pty) Ltd
• Africa Cash & Carry (Pty) Ltd v CSARS
• CSARS v Clicks Retailers (Pty) Ltd
• BMW South Africa (Pty) Ltd v CSARS
• Telkom SA SOC Limited v CSARS
• Diageo South Africa (Pty) Ltd v CSARS
• Fowler (Respondent) v Commissioners for Her Majesty’s Revenue and Customs (Appellant)

Constitutional Court

• Big G Restaurants (Pty) Limited v CSARS

Session 4 – Recent SARS Rulings, Interpretation Notes, etc

Overview of Interpretation Notes issued/updated in 2020
Recent SARS Binding General Rulings
SARS Q&A’s and website information

REQUIREMENTS

There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date

PRESENTER

Prof Jackie Arendse

PhD MTP(SA) Chartered Accountant (SA)

After completing her training at Deloitte and qualifying as a CA (SA), Jackie was Group Financial Accountant for a top-100 listed company before moving to academia where she has authored, lectured and researched on all aspects of tax for more than 20 years.

Jackie has presented tax seminars and webinars to tax practitioners and businesses around the country for many years and has authored numerous books, articles and publications in the field of taxation including Silke on South African Income Tax. She is the managing author of Silke on Tax Administration, published by LexisNexis and updated annually.

She is involved in an exciting new collaboration with The Tax Faculty to digitise tax training materials.