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2015 Webinar: The role of ATR’s in Tax practice risk management
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2015/06/17
When: 17 June 2015
From 15:00 PM until 17:00 PM
Where: Webinar online Session
Presented live from
South Africa
Contact: Thabelo Raivhogo


Online registration is closed.
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Overview

The ability of tax practitioners to obtain SARS Rulings on behalf of clients or their employers has changed the Tax Practice Management landscape for ever. The issue of tax opinions are now fast losing its commercial value, despite the TAA allowing for remittance of penalties under section 223(3) where an opinion has been issued. The problem with tax opinions are, simply, that they remain only opinions.

One may safely assume that all recent tax disputes that ended in the courts are backed by one or even multiple tax opinions, on which SARS disagreed and, more often than not, it appears that the courts agree with SARS. On items of large value, complex transactions and transaction specific arrangements, obtaining a view from SARS upfront is not only considered professionally prudent, but often a necessity. Simply put, without proactive risk management, there will almost definitely be an external or SARS auditor asking questions later. The SARS Ruling team includes some of the most respected technical resources, thus before promising a client a ruling, there are some important basics to consider



Course Content

In this webinar we will be discussing:

  • the role of the Advance Tax Ruling system in modern tax practice risk management;
  • the role of the Advance Tax Ruling system in tax risk management for taxpayers;
  • When you should apply for an Advance Tax Ruling;
  • Examples of when you can’t apply for an Advance Tax Ruling and other options available to you such as nonbinding private opinions;
  • The type of ruling you should be applying for, including special treatment for VAT;
  • How to correctly present the facts to SARS, understanding the ruling process and giving your clients legal certainty; and
  • The application process on efiling, step by step, including application fees and other items which are important when offering this service to your clients.

Presenter

Nico Theron  

Nico, previously from PKF/Grant Thornton, holds the degrees, BCom Law (cum laude), BCom Honours Taxation and MCom Taxation (SA and International Tax) and is also a registered Master Tax Practitioner with SAIT. Nico specialises in corporate income tax, value added tax and employees’ taxes, more specifically in the context of tax dispute resolution and ruling applications.

 
CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output   TAXCPD points/units.

Including the following professional bodies. (AICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT)


Event Investment

Member: R370.00
Non-member: R450.00
 
Click here to register for the Webinar

This webinar does not form part of the CPD subscription package



Payments & Cancellations

All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
  • Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.
  • Kindly note that should payment not been received 2 days after the event, legal action will be taken
  • Only written notice of cancellation will be recognised.
  • Conditions:
    • If the cancellation occurs more than 30 days prior to the event no cancellation fee will be charged.
    • If the cancellation occurs less than 30 but more than 10 days prior to the event a 50% cancellation fee will apply.
    • If the cancellation occurs less than 10 days prior to the event a 100% cancellation fee will apply.
  • Delegates who book and fail to attend will be liable for the full event fee.
  • SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
 


WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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