5 October 2016
From 09:00 until 13:00
329 Umhlanga Rocks Drive
Durban, KZN 4000
Online registration is closed.
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SARS have made numerous changes to the ITR14 with effect from 18 April 2016. The disclosure required in the return has been increased, with a specific focus on international transactions, debt reduction and capital gains tax.
The increased disclosure will enable SARS to assess companies more accurately, particularly in respect of loans, international transactions, movement of profits and dividends.
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 Income Tax, Value-Added Tax, Pay-as-you-earn and customs declarations after the initial submission of the ITR14.
In this seminar, we will not focus on the mechanics of the submission of the forms, but rather on the content of each of the forms to assist taxpayer’s in understanding the relevant terminology and specifically the impact of the increased disclosure from a tax perspective. We will also address how SARS may use certain information disclosed by taxpayers to assess taxpayers in terms of new tax avoidance legislation and to determine the risk profile of a taxpayer.
Areas to be addressed will include:
- Customising the return and effect on AFS’s
- Shareholder loans and anti-avoidance provisions in respect of interest and non-interest bearing debt
- Tax consequences of debt reduction
- Re-cap of venture capital companies and personal service providers
- Dividends and deemed in specie dividends
- New transfer pricing disclosure and documentary requirements
- International transactions and withholding taxes
- Connected persons
- Incorrect disclosure and prescription
- Submission of relevant material with ITR14
- Customising the return
- Linking the Income Tax reconciliation with the ITR14 Tax computation
- Extended VAT reconciliation required for medium to large business.
Tax Administration Act
- Relevant provisions that relate to the ITR14 and IT14SD
Who should attend
- All tax practitioners and tax advisors
- Public officers
- Taxpayer’s involved in the general financial management of companies (micro, small to medium and large)
- Body corporates
(B Com, LLB, LLM (Taxation)
Di Seccombe is an admitted attorney with a Masters degree in taxation. Di started her tax career as a full time academic with the University of KwaZulu Natal before moving into practice. She is currently the National Head of Tax Training with Mazars and in this capacity trains and consults on Income Tax matters including, Corporate, Individual and International tax as well as VAT. Di, provides internal tax training for Mazars, and presents external tax seminars on a national basis, focusing on general as well as specialised tax topics. She still lectures part time for the National School of Accounting to assist up and coming CA's with passing the UNISA CTA (Hon) programme.
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 General Tax Practitioner CPD Subscribers (Please use your promo code to register)
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 27 September 2016 from 09:00 – 13:00
Company Price: R850.00
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.