14 June 2016
From 09:00 until 13:00
Diep in die Berg
929 Disselboom Street
Wapadrand, Gauteng 0050
Online registration is closed.
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Personal income tax (PIT) is the largest single source of the total tax revenue collection: SARS collected R389 billion in PIT during the past financial year. With Treasury targeting R1.43 trillion in gross tax revenue by 2018/19 (from R1.06 trillion today), it is clear that SARS will have to continue to drive compliance rigorously and relentlessly for individuals.
This seminar is focused exclusively on PIT, and is aimed at equipping you with the best practise methodology, skills and knowledge necessary to serve your clients in filing their personal income tax returns with confidence and integrity. It will cover the personal income tax fundamentals and update you on all the relevant changes to the tax legislation and rules, including the impact of the changes introduced by the retirement reform.
The 2016 personal income tax filing season is expected to open at the beginning of July. The first period provisional tax return relating to the 2017 tax year is due at the end of August 2016. Attending this seminar will ensure that you have the relevant information to prepare for this year’s tax filing season.
- The current tax landscape ‐ regulatory compliance framework
- The evolution of the personal income tax return life cycle
- Who should file a tax return? How to complete a return? Who must pay provisional tax?
- The key sources of taxpayer income
- The common PIT pitfalls and challenges tax practitioners face
- The 2015/2016 and 2016/2017 tax tables
- The design of the ITR12 ‐ key challenges and workarounds
- Best practice methodology: collating of information in preparation for tax return filing
- Tax treatment of fringe benefits (Seventh Schedule)
- Motor vehicles
- Meals and refreshments
- Contributions to a pension/provident/retirement fund
- Dealing with deductions and the mechanics thereof: medical, retirement contributions, travel expenses, donations, etc.
- Retirement reform
- Residency information for non‐resident taxpayers
- The dispute resolution process and important timelines to be noted when lodging disputes in accordance with the Tax Administration Act
- Voluntary Disclosure Relief – do your clients qualify?
Shohana Mohan is an Associate Director in the Global Mobility Services & Employment Tax Advisory division at KPMG, South Africa. She worked at one of the big-four audit firms from 2001 to 2007 in their international executive services department where she specialised in expatriate and personal income tax compliance and advisory, including local employment tax advisory. In October 2007 she joined a second-tier audit firm where she headed up the expatriate tax division with a key focus on providing cross border employment tax services for international hires working in South Africa and outbound assignments to the rest of Africa. In September 2012, she joined KPMG in their global mobility and employment tax advisory department where she focuses on cross border employment consulting, expatriate tax remuneration planning and structuring, drafting and implementation of model international assignment policy parameters, personal income tax compliance, and expatriate payroll tax advisory in South Africa and the rest of Africa. She has presented as a panelist on various forums locally and internationally.
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:
Free for Tax Technician CPD Subscribers (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
This dedicated CPD webinar will be presented on on 21 June 2016 from 09:00 - 13:00
Company Price: R850.00
Option 3 - DVD
This CPD event will be recorded and available to purchase on DVD. Available 30 June 2016.
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 4 working days prior to the event no cancellation fee will be charged.
- If the cancellation occurs less than 4 working 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.
- Please click here for the full terms and conditions.