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Training details
Date:
- Wednesday, 17 April 2024
- Thursday, 25 April 2024
Time: 9am-1pm (For all sessions)
CPD: Four hours
Cost: R1,872 (including VAT)
Training type: Virtual
For your convenience we have scheduled additional virtual sessions for April 2024, enabling you to attend any of the sessions remotely.
Why? Applying the knowledge gained on the latest tax developments and understanding the tax and economic landscape will enable you to avoid potential tax pitfalls in your business.
- Your gain? You will receive detailed training material, including summaries of the most relevant case law in the last year, that you can refer to anytime, plus four verifiable CPD hours.
- Your investment? A consulting session of this nature would normally amount to R83,080 (including VAT) - however, you can have access to all of this for R1,872 (including VAT).
- Your value? We discuss sustainability in tax, the renewable energy incentives, the potential impact of the EU carbon border adjustment mechanism, the withdrawal of Practice Note 31, proposed changes to the foreign business establishment exemption and much more.
Session dates:
For further details on what we include, please see below:
- Economic outlook
- Sustainability in tax
- Current tax landscape
- BEPS Pillars 1 and 2
- Overview of the 2023 amendments to tax legislation
- Case law
Economic outlook
Dr Christie Viljoen, Senior Economist at PwC SA, will present the current economic and risk outlook. He has 15 years of experience analysing the South African economy. Christie is the author of PwC’s monthly South Africa Economic Outlook report and frequently presents to clients on the country’s economic context. The Trusted Business Advisor presentation will look at
- the current global context and short- to long-term outlook;
- local socio-economic situation;
- economic outlook and scenarios; and
- how businesses can build resilience against long-term socio-economic headwinds.
Sustainability in tax
We discuss sustainability in tax, updates in sustainability tax reporting, the EU carbon border adjustment mechanism, carbon tax developments and more.
Current tax landscape
Review of the current tax landscape. We discuss revenue collection performance against budget, SARS’ strategy and plans and what we see in practice from SARS.
BEPS Pillars 1 and 2
We look at the latest BEPS Pillar 1 and Pillar 2 developments.
Overview of the 2023 amendments to tax legislation
- We do a detailed overview of the 2023 amendments to tax legislation and the potential impact thereof on taxpayers, including:
- The two-pot retirement system
- Apportioning the tax-free savings account and retirement fund contribution limitations when an individual ceases to be resident
- Changes to anti-avoidance rules for low-interest or interest free loans to trusts
- The solar energy tax credit for residential installations
- The withdrawal of Practice Note 31
- Changes to the definition of contributed tax capital
- Translating contributed tax capital from foreign currency into Rands
- The enhanced renewable energy capital allowance
- The meaning of “person” in the provisions dealing with public benefit organisations, recreational clubs and associations
- The amended R&D tax incentive
- The amended royalty rate for oil and gas companies
- The introduction of an advance pricing agreement (APA) programme
- Removing the distinction between resident and non-resident employers and non-resident employers becoming obliged to deduct PAYE
- Taxation of non-resident beneficiaries of trusts
- The proposed changes to the foreign business establishment exemption
- The amended VAT treatment of specific supplies in the short-term insurance industry
- The changes to the VAT treatment of prepaid vouchers in the telecommunications industry
- The amended VAT rules dealing with documentary requirements for gold exports
- Adjusting the formula for fugitive emission factors in the Carbon Tax Act
- The amended carbon budget allowance
Case law
The most relevant case law was decided in the past year.
All training material, including detailed notes and practical examples, are prepared by our PwC experts. These will provide more detail on the changes to legislation and other developments for self-study at your leisure.
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