15 September 2015
From 09:00 until 13:00
21 North Road
Johannesburg,, Gauteng 2169
Online registration is closed.
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All companies submitting returns of income must do so using the ITR14 form – last updated in 2014.
The ITR14 requires a great deal more disclosure by companies in order for SARS to assess companies. Information disclosed in the ITR14 feeds directly into the IT14SD form, a supplementary declaration in which taxpayer's, if selected by SARS, are required to reconcile declarations after the initial submission of the ITR14.
This seminar by Piet Nel will focus on the mechanics of the submission of the forms, the content of each of the forms to assist taxpayers’ and tax practitioners’ in understanding the relevant terminology and the impact of the increased disclosure from a tax perspective
The following will be covered during this seminar:
- Customising the return and effect on AFS's
- When a company will be classified as dormant, a share block company, a body corporate, a microbusiness, small business or as a medium to large business. The definition of a small business corporation will be revisited.
- Dividends paid, contributed tax capital, return of capital and the last STC credits
- Resident status of the company, company structure and implications of a change therein during the year.
- International transactions, withholding taxes and transactions to be based on arm’s length principle
- Capturing detail from the statement of financial position and of comprehensive income.
- Adjustments, such as trading stock, interest paid, exemptions and claiming special allowances.
- Submission of the return and relevant material
- Customising the return
- PAYE reconciliation and areas of concern
- Linking the Income Tax reconciliation with the ITR14 Tax computation
Tax Administration Act
- Relevant provisions that relate to the ITR14 and IT14SD
- Incorrect disclosure and prescription
Piet Nel CA(SA)
Piet is the Head of the recently established School of Applied Tax at the SA Institute of Tax Professionals (SAIT). He formerly lectured in taxation at UNISA and the University of Pretoria and acted as study supervisor on post graduate level. Prior to joining SAIT, Piet was the project director for tax at SAICA. Over a period of more than a decade, Piet presented numerous tax seminars and workshops to tax practitioners. Piet is also well known in the media, regularly appearing on radio and TV talk shows. He actively continues to the tax thought in South Africa and regularly publishes articles in professional journals and magazines
This event and successful completion of the online assessment will secure 4 hours verifiable output CPD points/units.
Including the following professional bodies. (SAICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT)
Option 1 - Seminar:
CPD subscribers: Free (Use your promo code when registering for this event)
Important: Printed copies of notes is optional and will cost additional R50 per set and must be ordered. Electronic notes will be emailed to all registered delegates 2 days prior to the event. Should you require a printed copy on the day of the seminar kindly select the printed seminar notes when registering for the event.
Option 2 - Dedicated Webinar Broadcast
2015 CPD subscribers: Free (Use your promo code when registering for this event)
This dedicated CPD webinar will be presented on Thursday 20 August 2015 from 09:00 - 13:00
Option 3 - DVD
This CPD event will be recorded and available to purchase on DVD. Available 1 October 2015..
Payments & Cancellations
- All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
- Kindly note that should payment not been received 2 days after the event, legal action will be taken
- Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.
- Only written notice of cancellation will be recognised.
- 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.