Day Three - Stream Two - Payroll and Employee Related Compliance
08:30 to 09:30
Co-operative tax compliance: Any hope of progress?
The classical approach to tax enforcement has been audit control and penalties to deter warranted behaviour. While key, this enforcement approach has seemingly reached its limits with some countries (such as Australia) attempting a supplementary co-operative compliance model. The panel will cover the details of what co-operative compliance could mean in South Africa, necessary pre-conditions and comparative examples of success and failure.
Adv. Eric Mkhawane
Office of the Tax Ombud
WTS South Africa
Dr. Thabelo Malovhele
09:30 to 10:30
Risks and rewards of investing in the youth (tax, labour and grants related)
If South Africa is to be sustainable, growth must include inclusive growth, especially an improved outlook in terms of employment. The economic impact of various youth tax, cash and other incentives will be explored including the recent Youth Employment Service initiative. This exploration will further include a company perspective of risks and rewards to assess whether a company perceives the journey as one to embark upon.
Avante Advisory Services
10:30 to 11:00
11:00 to 11:45
Overcoming challenges in payroll taxes
Business must administer its payroll system regardless of profit and loss because employees lie at the heart of most business operations. Payroll is a monthly or even weekly occurrence in terms of PAYE and related taxes. Even the smallest error can be costly given the recurring nature of most payroll errors. The purpose of this session is to cover system needs and recurring payroll tax risks.
Regan van Rooy
11:45 to 12:30
Expat aftershock: Surviving without the exemption
Foreign employment income of South African expatriates has been exempt since 2000 despite the overall South African shift to worldwide taxation. In 2017, legislative amendments were made to limit this exemption to R1 million, but the implementation date was delayed. The questions to be asked are: Where are we now? Where are we headed? And what do we do?
Tax Consulting SA
Regan Van Rooy
12:30 to 13:30
13:30 to 14:00
Loans to shareholders, executives and general employees: What’s best for business?
Many small and mid-sized companies are surprisingly engaged in providing loans to employees of various levels. Coverage for this session will include the commercial and other rationales for these loans as well as the tax impact (especially when these loans are interest-free or unduly extended repayment terms).
14:00 to 14:30
Cross-border pensions: Growing old with a foreign piggy bank
While the tax rules for domestic pensions are well established and defined, South African investment in foreign pensions has become a messy after-thought. Exploration will be given to the dangers of investing into cross-border pensions, movement of pension funds onshore and the impact of withdrawals. This discussion will include recent changes, including the 2018 tax proposals.
14:30 to 15:00
Vehicle travel allowances and reimbursements: Mapping the landscape
Company cars, reimbursements and allowances are often complicated and the most contested aspect of employment audits. Focus will be given to an overlay of basic options and hidden risks.
15:00 to 15:30
15:30 to 16:30
Corporate tax centre, to large business centre, to something: Let’s kiss and make up (Town hall session)
The SARS unit dedicated to large companies has a long and evolving history. The question to be presented for discussion by the panel and the audience is whether the large business centre should be resurrected and in what form. Factors for consideration include previous Government and private sector experience within this changing landscape as well as prevailing international tax practice.