• 2023 Budget speech proposals and monetary rates and amounts • Stakeholder input on proposed amendments to legislation • Selective amendments promulgated during 2022, becoming effective 2023: o Retirement: Retirement and pension fund amendments (definitions and recognition conditions) o Personal Income Tax:  Variable remuneration  Interest exemption and annual exclusion for CGT: apportionment o Corporate Income Tax:  Contributed Tax Capital: refined provisos to return of capital  Corporate restructuring: Intra-group transactions o Business and trading:  Debt reduction rules: assets disposed of in prior years  Deductions for credit agreements: Section 24 and lay-by agreements o VAT:  Property developers and Section 18D  Registration of certain non-residents as vendors o Tax administration:  The Employment Tax Incentive and the Understatement Penalty  Tax Compliance Status  Recognised Controlling Bodies with SARS • Selective responses and decisions from National Treasury to commentary on the draft legislation published in 2022. • Selective interpretation notes and SARS rulings issued during 2022 and 2023 that had a significant impact on taxpayers: o Interpretation Note 91: Debt reduction o Draft Interpretation Note 112: Section 18A and audit certificates o Interpretation Note 124: PBO's and residential care for retired persons o Interpretation Note 126: Dividend stripping and extraordinary dividends o Draft Interpretation Note: Definition of Associated Enterprise o Draft Interpretation Note: VAT treatment of debt collection • Selective court rulings from 2022 and 2023 that had a significant impact on the tax environment: o Tax Court: 35448: Taxpayer Z v CSARS: Deductibility of management fees and understatement penalties o High Court:  A162/20_IT13720: AC Peter v CSARS: Estimated assessments and understatement penalties  40420/2020_17064/2021: SACA (Pty) Ltd v CSARS: Precluding SARS from conducting an audit, extension of prescription periods o Supreme Court of Appeal:  516/2021: CSARS v The Thistle Trust: Distribution of capital gains via multiple trusts  785/2021: CSARS v Airports Company South Africa: Tax administration: amending objections during court proceedings  207/2021: Rennies Travel (Pty) Ltd v CSARS: VAT: Zero-rating of additional consideration • Recent issues taken up with SARS by regulatory bodies on operational matters and other matters of interest. • Registrants will receive a complimentary copy of our annual Tax Guide for 2023/2024.

Any accounting, auditing and tax professional wishing to remain updated with recent tax developments will benefit from this session.