Annual Tax Update 2025/2026 - part 1
Presenters : Prof. Jackie Arendse
Overview
Join the Annual Tax Update 2025, presented by Prof. Jackie Arendse, for a comprehensive update on all 2025 and pending tax amendments taking effect in 2026.
Video Content
1. Amendments to the Income Tax Act:
- Section 13quat incentive
- Section 11G: Overriding the general interest prohibition in section 23(b)
- Reducing the threshold for ring-fencing of assessed losses
- Payment of death benefits
- Limitation of the flow-through/attribution to resident donors and beneficiaries
- Child maintenance payments
- New definition of ‘remuneration proxy’
- Section 42: Asset-for-share transactions
- Refining the definition of ‘equity share’ to cater for transfers by foreign companies
- Interaction between ss 6quat and 23(m)
- Interaction of controlled foreign company rules in s 9D with s 9H
- Taxation of trusts and their beneficiaries
- Section 24I: Refining deferral of exchange difference rules on debt between related companies
2. Amendments to the VAT Act:
- Debit and credit notes for going-concern transfers
- Intermediaries of foreign suppliers of electronic services
- Zero-rating of certain testing services
- Reviewing the definition of ‘insurance’
- Clarifying the VAT treatment of temporary letting of residential properties
- Educational services
- Airtime vouchers supplied in SA for exclusive use in an export country
- Low-value imports
- Educational services
3. Amendments to the Tax Administration Act:
- Section 18A audit certificates
- Inspecting an enterprise that applies for voluntary VAT registration
- Suspension of debt from auto-assessments
- Trustee’s role as the representative taxpayer of the pre-insolvent person
- ‘Bona fide inadvertent error’
4. 2025 Tax Judgments
5. 2025 SARS Publications
Competencies Developed
After watching this video, you will be able to:
- Stay up to date with the latest tax legislation and SARS practices
- Advise clients on the compliance and planning implications of new amendments
- Equip your team to prepare SARS-compliant returns aligned with 2025 changes
- Communicate effectively with clients about key developments
- Strengthen and revise client strategies to reflect the current tax landscape