Monthly Tax Update – February 2021
Focus on the 2021 Budget Speech legislative changes. Feb 2021
R 475 VAT Incl.
WHAT YOU WILL LEARN
After attending this webinar you will be:
- Up to speed with the latest changes in tax legislation, with the focus on the 2021 Budget Speech, presented by the Minister of Finance.
- Outline the key aspects of recent SARS documents published such as ruling, interpretation notes, notices, etc.
- Advise clients as to the latest tax amendments.
- Train your staff to prepare tax returns in line with the latest amendments.
- Issue a newsletter to your clients informing them about relevant tax law, rulings, notes, judgments, and developments in tax law.
- Develop new tax structures for clients.
- Adjust your tax working procedures.
Does it feel like the tax rules are changing by the minute and that it’s difficult to keep abreast of changes? It’s crucial for tax professionals to be informed and well-rounded. Our monthly tax update webinars will save you time and money. We sift through all the latest changes and amendments and present in an easy to understand summarised format. This saves you R10000 worth of effort each month.
The webinars are presented in conjunction with SAIT and The Tax Faculty and presents you with a recording of an expert presenter and recorded Q&A from practitioners just like you.
The focus of this webinar is on the 2021 Budget Speech. This was a Budget focused on big spending announcements and was heavily influenced by the need to shield citizens, businesses and the economy in general from the worst effects of the COVID-19 pandemic.
Join us for the webinar as we unpack the 2021 Budget Speech
The following pricing apply:
Ad hoc: R475.00
Subscription: Included for free in Accountant in Practice plus Tax package.
Study unit 1 – 2021 Budget Speech
Main tax proposals
Tax revenue trends
Effect of COVID‐19 tax measures
Tax to GDP ratios
Tax revenue composition
Tax Tables and Thresholds
Limitation on deduction of interest
Limitation on set-off of assessed losses
Corporate tax-broadening measures
Revenue from dividends tax
Small business corporations
Turnover tax on micro businesses
Medical scheme credit (s 6A)
Skills development levy
Statement on reviewing tax provisions for travel and working from home
Assessing the s 12J venture capital company incentive
Specific excise duties
Health promotion levy
Plastic bag levy
Study unit 2 – Proposed Amendments
Curbing abuse of the employment tax incentive
Time of disposal rules for assets acquired from a deceased estate
Anti-avoidance to curb cession of a right to receive an asset
Anti-avoidance to curb loan transfers between trusts
Lump sum retirement benefits after ceasing to be a resident
Corporate tax amendments
Amendments to corporate reorganisation rules
Withholding tax exemption declarations
Study unit 3 – Tax Administration Amendments
Tax‐deductible donations (s 18A)
Refunds of dividends tax
Period allowed for farmers to replace livestock sold
Administrative non‐compliance penalties for non‐submission of EMP501 returns
Provisional tax: years of assessment of 6 months or less
Advance tax ruling system
Review of voluntary disclosure programme
There are no preconditions for this course.
Recorded webinar made available on a specified date
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.
By attending this webinar, you will be provided with:
– Summarised slide presentation.
– Reference documents and / or course material where available.
– Access to a technical knowledge base.
– Recorded webinar that includes an expert presenter and participant interaction.
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