It is said that the only difference between tax avoidance and tax evasion is the width of the prison’s wall – but where exactly does SARS draw the line? For most taxpayers, it is easy enough to distinguish between what “feels” right or not, however tax legislation is based on principles far removed from emotions.
For this reason, ProBeta offers a session aimed at exploring the specific tax avoidance measures that SARS has set in place, to distinguish between the concept of proper tax planning and tax evasion.
This session is set up to address the application of the relevant taxation laws, including but not limited to:
• Legislation governing specific impermissible tax avoidance schemes, including those related to specific transactions
o Share transactions
o Trading stock
o Capital gains
o Trusts
o Interest and penalties related to tax avoidance schemes
• Distinguishing between tax planning and tax evasion
Investment managers, Financial managers, Tax Practitioners, Auditors,Bookkeepers, Financial accountants, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, Compliance officers, and Ethics officers
