Home Accounting and Auditing Professional Tax Handbook due out 26 February 2020

Professional Tax Handbook due out 26 February 2020

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A misplaced comma can result in a loss to clients. Sponsored by LexisNexis.

A misplaced comma, incorrect interpretation of the law or inaccurate representation of the Act could mean financial loss to your client, damage to reputation or the end of your promising career.

That is why some things are worth waiting for. The Professional Tax Handbook, published by LexisNexis and updated annually, is due for release on 26 February 2020. Print was delayed until the promulgation of the amendment Acts had taken place, due to the numerous differences between the Acts and the Bills.

Author and tax professional, Costa Divaris warns taxation professionals, “Just be careful that you do not buy a rendition of a tax Act based, not upon the 2019 Acts, but the 2019 Bills. A misplaced comma might end your career. So read the small print.” In his recent newsletter issue 202, entitled Tax Shock, Horror, Divaris highlights no less than 43 differences between the Bills and Acts.

The two volume Professional Tax Handbook is now in its 29th edition. A consistent bestseller, the work is the only comprehensive tax handbook containing all legislation and regulatory materials in printed format. Volume 1 includes the tax rates, consolidated Acts and regulations incorporating the legislative amendments made during the current tax year, as well as pending amendments. Volume 2 contains interpretation and practice notes and advance tax rulings.

This handbook provides tax professionals with a comprehensive and accessible record of legislation and SARS practice relating to income tax, VAT, transfer duty, estate duty, tax administration and employment tax incentive. Formatted in an easy-to-read single column format, the Professional Tax Handbook is available for pre-order in Print from the LexisNexis eStore. Distribution of titles will commence on 26 February 2020.

To order from the LexisNexis bookstore, please click here.

Talking ExPats

With the effective date of 01 March 2020 for the ‘expat tax’ drawing closer, South African expatriates, their employers and tax advisors have little time to come to grips with the impact that this tax policy and law change will have on them personally. This amendment will bring considerable change to the South African expatriate landscape and the complexities thereof demand a technically holistic and specialist approach, as well as a deeper understanding of practical issues surrounding internationally
mobile employees.

Released in late 2019, Expatriate Tax: South African Citizens Working Abroad and Foreigners in South Africa, unpacks the resultant tax consequences of individuals or international employees with interests in multiple jurisdictions. This includes those leaving South African shores for foreign work opportunities and foreigners entering South Africa to take up employment.

The first of its kind in South Africa, the title addresses the complexities of expatriate taxes from a South African perspective in a manner that speaks to the tax specialist, as well as to the concerned taxpayer. Expatriate Tax provides a comprehensive, technical and practical guide to South African tax and deals with aspects of international mobility, including work visa strategies, citizenship, retirement funding, international remuneration, international share schemes, and exchange control considerations.

Judge DM Davis, perhaps the most esteemed tax expert on the Bench and now Judge President of the Competition Appeal Court, says “The increasing global economy has resulted in many employees and entrepreneurs crossing national boundaries to exploit their talents. Consequently, whether it is by way of entry into South Africa or migration to another country a host of complex tax implications are triggered, each of which requires careful analysis. This book seeks to address all of these questions

“… It is a most welcome addition to our body of tax literature and will doubtless be essential reading for anyone advising his or her client with regard to the tax consequences of migration.”

Expatriate Tax, South African Citizens Working Abroad and Foreigners in South Africa is available in Print and eBook format.

To purchase, click here to visit the LexisNexis online eStore.