Tax Update Seminar – 24 to 26 March 2010 (A CPD EVENT)

The 2009 Revenue Laws amendments legislation introduces some changes of major significance. A full day seminar where experts, Rob Stretch and David Clegg will ensure you are on top of developments affecting you and your clients. Remember to log your CPD hours or points for this event. FPI members can claim 4.5 points for attending.

 

About the seminar

The 2009 Revenue Laws amendments legislation introduces some changes of major significance – in particular, amendments to the proposed dividend withholding tax and related matters, changes to the definition of a dividend, CFC amendments, and various anti avoidance provisions. Then there’s also a range of updates and fine tuning of existing rules across the board, some welcome reliefs and some problems for taxpayers. 

Decoding, understanding and applying these changes require increasingly more time and specialisation, a luxury which hard-pressed practitioners rarely have.

Key topics

  • Details of the proposed dividend withholding tax and related matters
  • Changes to the definition of a dividend
  • A range of updates and fine tunings of existing rules across the board, especially relating to capital allowances, collective investment schemes, fringe benefits and CGT
  • Some welcome reliefs and simplifications for tax payers
  • New provisional tax rules and their implications
  • New anti avoidance provisions and the ‘pay now argue later’ rule


Who should attend

  • Tax specialists and SARS officials
  • Practicing accountants and lawyers,
  • In-house tax managers and their staff
  • Financial directors and managers and business owners

Two leading tax experts give you the benefit of their wide ranging experience in the field of corporate and personal tax. 

Rob Stretch BCom (Hons) CA (SA)
Rob completed his BCom degree at the University of Natal and qualified as a Chartered Accountant in 1980. Thereafter, he attended the University of Cape Town where he obtained a BCom Honours degree in taxation. Rob was admitted as a partner in Ernst & Young in 1986, as Head of Ernst & Young's Tax Consulting Services in Kwazulu-Natal. He presently consults to a number of priority clients of Ernst & Young. He has extensive experience in all aspects of taxation, both direct and indirect, and is co-author of LexisNexis  Butterworths Income Tax in South Africa, the Income Tax Practice Manual and Taxgram.

David Clegg
BCom LLB (UCT): BCom Hons (Tax): Advocate of High Court: Consulting Counsel to Ernst & Young and National Technical officer, Ernst & Young, South Africa.

8:00 Registration
8:30 Welcome and introductory remarks
8:40 Individual Taxation 
Tax rates, fringe benefits, exemptions and rebates
Retirement fund changes, lump sum withdrawal benefits
Domestic residence exemptions from CGT
Medical contributions and post retirement medical funding
Provisional taxpayers and PAYE amendments
9:30 Company and trade taxation
Dividends
The new definition of a dividend 
Update on dividend withholding tax and tax capital proposals
Certain dividends deemed to be income
Collective investment scheme look through rules
10:00 Tea
10:30 CFCs and “foreign business establishments”
10.45 Amendments to Corporate Rules
11:00 Tax incentives: A general review of tax incentives, including; learnership allowances, industrial policy projects, ”green “ incentives, improvements to assets, assets acquired for shares, surpluses in pension funds, amendments to venture capital company rules
11.45 CGT fine tuning – especially in relation to dividend tax: a warning on property developments.
12.00 Case Law Developments - interpretation of legislation and recent interpretation notes
12.30 VAT
12:45 Lunch
14:00 Administrative procedures and proposals:  ‘pay now argue later’ changes
14.30  Anti Avoidance and discussion on “sham transactions “
15:00     Tea
15:15 Overview of 2010 budget changes
16:00 Close

Dates and venues
24 March 2010 – Durban, Elangeni Hotel (031-362 1300)
25 March 2010 – Cape Town, Townhouse Hotel (021-465 7050)
26 March 2010 - Johannesburg, Emperors Palace (011-928 1000)

The Fee (VAT Inclusive)  
One delegate – R3500.00
Two or more delegates – R3150.00 per delegate