27 October 2016
From 09:00 until 13:00
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329 Umhlanga Rocks Drive
Durban, KZN 4000
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The Tax Administration Act (TAA) exposes directors, public officers, compliance officers, company secretaries, and financial managers to significant risks for failure to comply with the provisions of tax law. This risk could even result in these individuals potentially being held personally liable for a company's tax liabilities.
Since it became effective on 1 October 2012, the TAA has now been amended three times, with a fourth set of amendments to be finalised in 2016. As such, the dealings of taxpayer and Tax Practitioner are constantly changing due to the continuous movement in the legislative environment. In some case SARS has only recently started to implement some of the powers given to them in 2012, in terms of the TAA, and taxpayers are only now starting to realise the full impact of such.
In this ever evolving environment, it is crucial that all parties who have dealings with SARS should not only be on top of their rights in terms of the TAA but also know and understand the rights of SARS. All of this has elevated the tax exposure risk of all taxpayers and organisations to new levels, especially with the existence of understatement penalties which SARS can levy to the extent of 200% of the tax liability in question.
The seminar will provide a practical overview of the TAA, including the latest in terms of the 2016 amendments:
- Relationship between the Tax Administration Act and other Tax Acts
- Reportable Arrangements
- The Tax Ombud, including its extended mandate
- Information gathering by SARS
- Detailed look at the dispute resolution process, including 2016 amendments
- Advance Tax rulings
- Tax liability, including payment of taxes and recovery of taxes by SARS
- Suspension of payment and instalment payments
- Administrative & non-submission penalties as well as understatement penalties
- Criminal offences and reporting of unprofessional conduct
- Latest on regulation of Tax Practitioners
- Other 2016 amendments
Wessel Smit - BCompt (Hons) HDip Tax MCom (Taxation) CA(SA)
Wessel is an independent tax consultant and director at Core Tax (Pty) Ltd.
He has extensive experience in presenting taxation courses, advising on taxation issues and experience in the writing and reviewing of technical learning material.
Previously he was a senior tax lecturer at the University of the Free State and during 2012 and 2013 lectured taxation to the CTA students at the University of Johannesburg.
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 & General Tax Practitioner CPD Subscribers
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 25 October 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 Available 25 November 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.