The following will be addressed during this course:
• 2021 budget proposals and amendments
• Practical implementation of the effective amendments in the Income Tax Amendment Bill as well as the Tax Administration Laws Amendment Bill of 2020
• Amendments that will be dealt with in detail include (but is not limited to):
o Foreign employment income exemption – 183-days requirement
o Exemption for employer-provided bursaries
o Withdrawing from retirement funds on emigration
o Preference share structures and s 7C
o Assets acquired in exchange for share or debt
o Intra group transactions
o Unbundling transactions
o Raising of assessments based on an estimate
o Interest on overpayments
o Provision that a refund need not be authorized where a matter is under criminal investigation
o Removal of requirement to prove intent in statutory offences
o Reimbursing employees for business travel
o Clarifying deductions in respect of contributions to retirement funds
o Addressing the anomaly in the rollover of amounts claimable under the ETI
o Clarifying the tax treatment of secured debt for the doubtful debt allowance for taxpayers not applying IFRS 9
o Introduction of anti-avoidance provisions regarding change in residency and foreign dividends received by residents
o Changes to the VAT Act, including the clarification of the treatment of irrecoverable debts
o SARS rulings:
 Binding General Ruling 53: Taxation of interest payable by SARS
 Binding General Ruling 54: Unbundling of unlisted company: impact of non-qualifying shareholders
 Binding General Ruling 55: Sale of dwellings by property developers
o Court rulings:
 Telkom SA SOC Limited v CSARS
 Big G Restaurants (Pty) Limited v CSARS
 Diageo South Africa (Pty) Ltd v CSARS
 ABC Trading CC vs SARS (VAT 1712) – Fringe benefits and VAT

☒ Investment managers
☒Financial managers
☒Auditors
☒Bookkeepers
☒Financial accountants
☒Third year SAICA trainees
☒Fourth year SAICA trainees
☒Fifth year SAICA trainees
☒Audit managers
☒Audit partners
☒Compliance officers