Jerry Botha, Managing Partner – Budget 2022/23 update and key discussion on SARS audit strategies and the time limit on retirement withdrawal planning, exchange control and international strategies. He will also address 2 specific announcements aimed at the wealthy and an additional 3 announcements specifically aimed at expatriates.
2022 BUDGET SPEECH IMPLICATIONS FOR SOUTH AFRICANS WORKING INTO AFRICA IN MINING AND RELATED SERVICE
The Budget 2022/23 as well as developments the past year in SARS practices contains some important updates for South Africans working internationally. We have held bespoke webinars for various international groups in the past month in Dubai, Qatar and London; and have been asked by clients, prospective clients and employers to share the critical market updates, especially pertaining to rotational and other international South Africans into Africa.
The session will cover the key areas of Budget 2022/23 and SARS practice changes which impact South Africans working in Africa, including tax return compliance, SARS audit approach, using of Double Tax Treaties and related compliance aspects. The latest SARS Rulings on expatriate housing, home flights and expatriate benefits provided on-site will also be covered. Examples and SARS audit strategies and criminal prosecution examples will be shared, to ensure that each attendee is well equipped on ensuring full compliance and optimal planning.
KEY AREAS OF THE PRESENTATION
The efforts of National Treasury and SARS remains very much focussed on international South Africans and this now being the 5th consecutive year where dedicated announcements were made aimed at South Africans abroad. We will deal with both the high level announcements, but also the practical strategies to ensure tax and financial optimisation.
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ABOUT THE PANELISTS
Jerry Botha
Jerry has over 20 years’ experience in the field of taxation, holds his own FSCA License, is a Master Reward Practitioner and serves on the Executive Board of the South African Reward Association (“SARA”), Chairs the SARA Employee Benefit Committee, and is a Certified Payroll Practitioner and Tax Practitioner. He is the managing partner of South Africa’s largest independent tax practice, enjoys presenting and is passionate about tax and international individuals. He has also authored the Lexis Nexis “Expatriate Tax” textbook, as critically acclaimed by Judge Dennis Davis.
Thomas Lobban
Thomas holds an LLB and LLM Tax Law degree and is a SARS registered tax practitioner in South Africa, with both practical tax and consulting experience. He has dealt with various legal conflicts of interest and moved from corporate practice to the consulting industry where he has entrenched himself within tax law, specializing in individual cross-border and crypto asset taxation.
Thomas joined Tax Consulting SA after obtaining his Masters degree, to focus on tax law and the intricacies thereof. He is a co-author of the LexisNexis Expatriate Tax textbook, and in particular its chapter on the interpretation and application of Double Taxation Agreements, which is of particular relevance to South Africans living and working abroad.
Sidney Fletcher
Sidney is a versatile and results-driven qualified Senior Tax Practitioner. He has more than 20 years of experience working for SARS and was responsible for Taxpayer Education for a big part of that period. He is a dedicated professional with extensive knowledge and his affinity for Individual Taxes makes him an excellent tax planner and skilled at tax optimisation. Committed to the best care for clients through transparent communication. Skilled in negotiation with a strong ability to problem solve to assist clients with tax problems.