Overview
Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients.
Technical expert Caryn Maitland CA(SA), RA researches and summarises all relevant and important changes and presents this in an easily understandable webinar.
The webinar includes:
- A reference guide of all changes to share within the firm;
- PPT summary of all new amendments;
- Interactive session with the presenter; and
- Online Q&A.
Learning objectives
After attending this webinar you will:
- Be aware of the latest legislative changes and what it means for your business, practice, and your clients;
- Be able to inform your staff and clients on how to stay compliant;
- Adapt business models to fit new legislative landscapes;
- Receive references to documents and guides;
- Have access to your own technical resource; and
- Have access to the presenter via email for follow-up Q & A.
Course content
The following legislative, regulatory, industry standards, items and guides have been issued and/or updated during the preceding month and will be covered in the webinar:
|
SARS: |
Guides (new, updated & issued): VAT Reference Guide for Foreign Donor Funded Projects VAT Rulings Process Reference Guide (Issue 2) Updated table of interest rates - Table 3 Interpretation Notes (updated & issued): Draft Interpretation Note – Value-added tax consequences of points-based loyalty programmes Binding Rulings (Private/Class/General) issued: BGR 52 – Timeframe for the export of goods by vendors affected by COVID-19 Notices and other publications issued: Latest on the Impact of COVID-19 on SARS Latest Tax Directives - eFiling enhancements Update to the PAYE BRS for Employer Reconciliation Draft rule amendment under section 38 – SACU UCR Lesotho Taxpayers and Tax Practitioners may book an appointment in exceptional circumstances during the lockdown period Printing of IRP5/IT3(a) certificates from eFiling has been temporarily suspended Third Party Data Annual Submissions are open from 15 April to 31 May 2020 Employer Annual Reconciliation opened on 15 April and closes 31 May 2020 Applying for UIF during the lockdown Tax adjustments by Minister of Finance Cheque limits on cheque payments to SARS - 1 May 2020 Submission of supporting documents for non-eFilers during lockdown ITAC Certificate – SARS Essential Goods List Rule amendment to substitute Rule 24.03 to provide for the exemption of foreign-going ships or aircraft Status overview of all DTAs and Protocols Notices relating to COVID-19 have been published: COVID-19 Export Control Regulation ITAC Certificate – SARS Essential Goods list VAT 412.11 Mapping SARS COVID-19 related media releases Draft bills: Draft Disaster Management Tax Relief Bill, 2020; Draft Disaster Management Tax Relief Administration Bill, 2020; Draft Explanatory Memorandum on the Disaster Management Tax Relief Bill, 2020 SARS preliminary revenue outcome Trade statistics release for February 2020 Tariff amendment notice R405 - Increase of environmental levy on plastic bags Tariff amendment notice R406 - Increase in the general fuel levy Tariff amendment notice R407 - Increase in the RAF levy on petrol and diesel Tariff amendment notice R408 - Increase in emissions tax on passenger vehicles Tariff amendment notice R409 - Increase of environmental levy on incandescent light bulbs Tariff amendment notice R410 - Adjustment to diesel refund provisions as a result of R406 and R407 Tariff amendment notices R425, R426 and R427 Debt Relief Finance Scheme offered by the Department of Small Business Development Part 1 of Schedule No.1 - increase the rate of customs duty on PET to 15% Part 1 of Schedule No.1 - increase the rate of customs duty on fully-automatic top loading washing machines from free of duty to 30% Part 1 of Schedule No.1 - implement anti-dumping duties on Soda Ash Supreme Court of Appeal cases: Diageo South Africa (Pty) Ltd v CSARS (330/2019) [2020] ZASCA 34 (3 April 2020) CSARS v United Manganese of Kalahari (Pty) Ltd (264/2019) [2020] ZASCA 16 (25 March 2020) |
|
IFRS: |
Standards – What’s new? IFRS Monthly news summaries Accounting issues Considering Going concern with respect to Corvid 19 Forecasting and valuations IFRS 9 Implications (ECL) Impairment discussions and issues |
|
CIPC: |
Notices and Practice Notes issued: Notice 14 of 2020 – CIPC Call Centre during national lockdown Notice 15 of 2020 – Customer transacting during COVID-19 Notice 17 of 2020 – Practice Notice 1 of 2020 Notice 18 of 2020 – Extension of submission of annual returns for Company, Close Corporation and Co-operative services. Notice 19 of 2020 – Extension of submission of annual returns for Patents & Designs, Copyright and Trade Marks Divisions. |
|
Other Laws & Regulations affecting your client AND impact on NOCLAR: |
Disaster Management Act: Released by the Minister for Cooperative Governance and Traditional Affairs (CoGTA) in response to COVID-19 Amended 26 March 2020 by CoGTA Amended 2 April 2020 by CoGTA Workplace Preparedness COVID-19 released by the Department of Employment and Labour Disaster Management Act: Directive: Coronavirus (COVID-19) Temporary Employee/Employer Relief Scheme Notice on compensation for occupationally acquired novel Coronavirus under COIDA Unemployment Insurance Commissioner: COVID-19 TERS Benefits Easy Aid Guide |
|
Regulator news: |
IRBA News & press releases: Impact of COVID-19 on the Audit and Auditors Impact of COVID-19 - Extension of Reporting periods Impact of COVID-19 on the Audit Report – Going Concern Impact of COVID-19 – File Assembly Treasury: Treasury Instruction No. 02 of 2020/2021: Utilisation of funds withdrawn from National Revenue Fund in terms of Section 29 of Public Finance Management Act Media Statement: Release of the Intergovernmental Fintech Working Group’s (IFWG) Position Paper on Crypto Assets IFWG Position Paper on Crypto Assets Minister’s remarks for 14 April 2020 media briefing Media Statement: Extension of deadlines for public comments on specific 2020 Tax proposals Media advisory: Minister of Finance to brief media on recent economic developments Media Statement: Government’s response to the rating action by Fitch Ratings (Fitch) Media Statement: PFMA Communication to extensions during the lockdown period Provisional Financing Figures as at 31 March 2020 PFMA exemption: Gazette 43188 – 31 March 2020 Media statement: MFMA Exemption Notice MFMA Exemption Notice 43181 Media statement: Date extension for public comments on Draft Municipal Fiscal Powers and Functions Amendment Bill Statement of the National Revenue, Expenditure and Borrowing as at 29 February 2020 Media statement: COVID-19 Tax Measures Explanatory Notes on COVID-19 Tax Measures Media Statement – Reaction to ratings action by Moody’s Prudential Authority for Banks: Directive 1 - Revision of the minimum LCR requirement due to COVID-19 Directive 2 - Matters related to capital relief Directive 3 - Matters related to the treatment of restructured credit exposures Guidance Note 3 - Application of IFRS 9 in response to COVID-19 Guidance Note 4 - Capital conservation Basel Committee on Banking Supervision - Treatment of extraordinary support measures Community Schemes Ombud: COVID-19 Directive Directive in response to COVID-19 and the 21-day lockdown OECD: Tax and fiscal policy should continue to support households and business through containment, then shift to bolstering recovery Public comments received on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy Database: Tax Policy Measures in Response to Covid-19 Pandemic (Update) OECD releases BEPS Action 14 reports for Austria, France, Germany, Italy, Liechtenstein, Luxembourg and Sweden Tackling the coronavirus: OECD Forum on Tax Administration publishes advice on business continuity considerations for tax administrations Global Forum publishes new peer review reports and reveals compliance ratings for eight jurisdictions OECD issues recommendations on implications of the COVID-19 crisis on cross-border workers and other related cross-border matters Database: Tax Policy Measures in Response to Covid-19 Pandemic (Update) Platform for Collaboration on Tax: International organisations move to help developing countries improve tax systems Tackling the coronavirus: OECD Forum on Tax Administration publishes actions that tax administrations are currently taking to support taxpayers The economy has changes, so must the tax ATAF: ATAF and OECD join forces to address COVID-19 impact on Tax ATAF Publishes Measures to help manage the impact of COVID-19 on Tax The changes needed to the global tax rules if Africa is to address the tax challenges arising from the digitalisation of the economy ATAF Statement in response to the Global Spread of the Corona Virus (COVID-19) Tax Ombud: Fair Play Issue 15 - Newsletter from the Tax Ombud. FSCA publications & press releases: FSCA expectations on insurers and financial services providers in respect of premium collection of funeral policies during COVID-19 crisis FSCA: Extension of deadlines for statutory returns |
Obtaining your CPD certificate
This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA.
All webinar attendees are issued with a CPD certificate available in an online profile.
Who should attend
- Accountants in Practice: CA(SA), PA(SA), BAP(SA), ACCA, CIMA, IAC, AGA(SA), CIS, ICBA.
- Practicing auditors, RA
- Company secretaries
- Legal advisors
- Compliance officers
Price
R 399.00 - Online admission - Individual.
R 699.00 - Online admission - Company.
Choose Individual if you would like to attend this event yourself or choose Company if you would like to share this event to with your entire firm.
This webinar is free if you are already an SAAA CPD subscriber.
Click here to find out about the Technical Resource Centre & CPD Subscription options.
Click here to create a profile and then register for the event (There is no charge to create a user profile and gain access to our free Monthly Practice Management Series).
Additional material
By attending this webinar you will be provided with:
- Summarised slide presentation,
- Detailed course material and reference documents.
- You can ask questions during the webinar via the online portal, and you will also have access to me the presenter via e-mail after the webinar.