ProBeta Training

Are you confident that your corporate restructuring transaction qualifies for tax relief?

Asset-for-share transactions can provide valuable relief, but the requirements and anti-avoidance provisions must be carefully considered.

Strengthen your understanding of one of the most important corporate tax provisions in South African tax legislation.

Join us for a practical webinar covering:

• Section 41 concepts and definitions

• Section 42 and 43 relief provisions

• Contributed Tax Capital (CTC)

• Sections 24BA and 40C

• SARS BPR 399

• Practical restructuring pitfalls

📅Date: 29 June 2026

⏰Time: 09:00 – 11:00

🌐Registration link: https://bookings.probetatraining.co.za/site/webinar/details.asp?cid=3553

2026 SARS Income Tax Filing Season – Key Dates and Important Changes

SARS has announced the filing dates for the 2026 Income Tax Filing Season:

Auto Assessments:
📅 1 July – 12 July 2026
Non-Provisional Individuals
📅 13 July – 23 October 2026
Provisional Taxpayers
📅 13 July 2026 – 22 January 2027
Trusts
📅 13 July 2026 – 22 January 2027

Auto Assessments:
Taxpayers selected for Auto Assessment will receive notification from SARS via SMS or email between 1 and 12 July 2026.

If you receive an Auto Assessment:
• Review the assessment carefully
• Verify all income, deductions, and tax information
• Ensure your banking and contact details are up to date
• Accept the assessment if all information is correct

Where information is incomplete or incorrect, an updated ITR12 must be submitted via eFiling or the SARS MobiApp.

Key Changes for the 2026 Filing Season:
SARS has introduced several enhancements to improve the filing experience:
• More pre-populated information on tax returns, including certain investment income
• Simplified questions and clearer wording on the ITR12
• Enhanced residency status questions and date fields
• Improved medical aid scheme selection through approved dropdown lists
• WhatsApp access to ITA34 assessments, Statements of Account, and supporting document uploads
• Refreshed eFiling interface with improved navigation and messaging
• New declaration alerts aimed at reducing verification delays

Important Reminder:
Although provisional taxpayers and trusts have a longer filing period, early preparation remains essential. Practitioners are encouraged to begin gathering information and supporting documentation as soon as possible to avoid delays, verification issues, and last-minute submissions.

Plan ahead, review Auto Assessments carefully, and ensure returns are submitted accurately and on time.

Feel free to send the information leaflet on to your clients: https://ftp.tech-probeta.co.za/2026Material/SARS_Filing_Season.zip

If you have any questions, please contact Jeanmari van der Schyff : [email protected]

IMPORTANT ANNOUNCEMENT – TARGETED FINANCIAL SANCTIONS (TFS) SCREENING AWARENESS

The Financial Intelligence Centre (FIC) places significant emphasis on the screening of clients, beneficial owners, legal entities, and other relevant parties against the Targeted Financial Sanctions (TFS) List. Failure to conduct appropriate screening may expose accountable institutions to regulatory non-compliance and potential penalties.

We encourage all accountable institutions to circulate the attached TFS Screening Information Leaflet as widely as possible to:

▪️All employees;

▪️Clients;

▪️Compliance officers;

▪️Management personnel; and

▪️Other accountable institutions.

The purpose of sharing this information is to create awareness regarding the importance of TFS screening and the obligations imposed by the FIC Act.

Important: Where the leaflet is used for internal training or awareness purposes, please retain evidence that the information was distributed.

Examples of acceptable evidence may include:

▪️Emails sent to employees;

▪️Signed attendance registers;

▪️Signed acknowledgements of receipt;

▪️Internal training records;

▪️Staff meeting minutes; or

▪️Any other evidence demonstrating that awareness was created.

Maintaining evidence of awareness initiatives may prove valuable during a FIC inspection or compliance review.

To download the leaflet: https://ftp.tech-probeta.co.za/2026Material/TFSScreening.zip

For more information or assistance with F**A compliance, please contact Mariette Herbst at [email protected] or call 011 886 1395.

⁉️ Tax Practitioner Alert: Bitcoin Now Classified as Capital and Money

In the recent Mangundhla judgment, the Gauteng High Court held that Bitcoin constitutes both "money" and "capital" for South African exchange control purposes.

The ruling significantly strengthens SARB's position that transferring Bitcoin to offshore exchanges may constitute an export of capital and could therefore fall within South Africa's exchange control framework.

Practical implications for practitioners include:
• Increased scrutiny of crypto assets in AIT applications.
• Greater exchange control risk for crypto arbitrage transactions.
• Compliance implications for offshore wallet transfers.
• Compliance implications forcross-border crypto movements.
• Enhanced focus on crypto holdings, source of funds, and offshore exchanges by SARS, SARB, and Authorised Dealers.

While the judgment does not change the income tax treatment of crypto assets, it represents an important development in the regulation of cross-border crypto transactions and should be considered when advising clients on international transfers and crypto-related structures.

Any questions on the requirements for Applications for International Transfers? You are welcome to purchase the recording of my latest session:
https://akhanani.co.za/public/lesson_details.asp?id=22343

If you have any questions, please contact: [email protected]

South Africa’s widest variety of self-study courses — all in one place!

Ready to build new skills, boost your career, or study at your own pace? With over 800 online self-study courses available, Akhanani Akhanani Training and ProBeta Training make learning flexible, practical, and accessible.

Explore courses in:
Accounting | Auditing | Business Management | Entrepreneurship | F**A | IFRS | Labour Law | Payroll | Tax | VAT | POPIA | Leadership | Microsoft | Computer Science | HR | Marketing | Project Management | Grade 9, 10 & 12 — and many more.

Study anytime. Anywhere. At your own pace.

Whether you want to upskill for work, grow your business knowledge, or invest in your future, there’s a course for you.

Enrol today and start learning your way.
ENROL HERE: https://akhanani.co.za/public/default.asp

📞 011 886 1395
🌐 www.akhanani.co.za
✉️ [email protected]

Tax Residency, Expat Taxes & Foreign Income

Thinking of working abroad, already living overseas, or planning to emigrate? Discover the critical South African tax rules that could impact your income, tax obligations, and financial future.

📆 Date: 25 June 2026

🕗 Time: 09:00 - 11:00

🌐 Registration link:https://bookings.probetatraining.co.za/site/webinar/details.asp?cid=3552

Join this practical webinar where we unpack:

💡 Tax residency vs working abroad

💡 Foreign employment income exemptions

💡 Foreign income taxable in South Africa

💡 Ceasing tax residency and ongoing SA tax obligations

💡 Double Tax Agreements (DTAs) and relief from double taxation

💡 Foreign tax credits and rebates

💡 Cross-border tax considerations and withholding taxes

💡 Employer obligations for employees working abroad

💡 Common foreign income FAQs and practical guidance

Gain clarity on the latest rules affecting South African taxpayers earning income abroad.

Mastering COIDA & Return of Earnings Compliance: A Practical Guide for South African Employers
Webinar – 04 Jun 2026

Navigating COIDA and Return of Earnings obligations can be challenging for employers, payroll departments, and HR teams. This practical webinar simplifies the compliance process by explaining the key requirements, common problem areas, and latest developments affecting employers in South Africa. Gain practical knowledge to manage submissions accurately, avoid unnecessary penalties, and maintain ongoing compliance with confidence.

Key Topics Covered:
• Key Topics
• COIDA fundamentals and employer responsibilities
• Employer registration, classifications, and tariffs
• Preparing and submitting accurate Return of Earnings (ROE) submissions
• Common ROE mistakes, penalties, and compliance risks
• Maintaining a valid Letter of Good Standing
• Practical use of the CompEasy system
• Managing injury-on-duty and occupational disease claims
• Important forms, deadlines, and supporting documentation
• Remote and hybrid work considerations under COIDA

Presented by Covanni Hols-Du Preez
📅 04 Jun 2026 | 13:00pm – 15:00pm
🎓 2 verifiable CPD hours
💻 Online training

Book Here: https://bookings.probetatraining.co.za/site/webinar/details.asp?cid=3768
Or Email [email protected]

Who Should attend?
• Payroll administrators and payroll managers
• HR practitioners and HR managers
• Financial managers and finance teams
• Health and safety officers
• Compliance officers and risk managers
• Business owners and directors
• Labour consultants and employment advisors
• Accountants and payroll consultants
• Employers responsible for COIDA and ROE submissions

VAT in Practice: Complex Issues Made Clear

VAT is rarely difficult because of the basics — the real challenges arise in the practical application of the law to complex transactions.

📅 Date: 24 June 2026
⏰ Time: 09:00 – 11:30
🌐 Registration link: https://bookings.probetatraining.co.za/site/webinar/details.asp?cid=3551

This practical session will unpack complex VAT transactions commonly encountered in practice, including:
• VAT on the import of goods and services
• Zero-rating of exports and documentary requirements
• Exempt supplies, mixed supplies, and apportionment
• Input tax denials on motor vehicles and entertainment
• Input tax on second-hand goods
• Deemed supplies, fringe benefits, and insurance pay-outs
• Connected person transactions
• Agents, principals, and cost recoveries
• Residential vs commercial accommodation VAT implications
• Finance leases, operating leases, and instalment sale agreements
• Bad debts, doubtful debts, and the 12-month creditor rule
• Foreign electronic services and related VAT considerations

EMP501 Deadline Reminder for Employers
The SARS Employer Annual Reconciliation deadline for the 2026 filing season is 29 May 2026.

This is not just another compliance date. Your EMP501 submission directly affects your employees’ IRP5/IT3(a) certificates, their tax returns, and even their auto-assessments.

Employers must reconcile PAYE, SDL and UIF declarations for the period:
📅 1 March 2025 – 28 February 2026
The submission window runs from:
📌 1 April 2026 – 29 May 2026

Before submitting, make sure that:
• All payroll records are accurate and complete
• EMP201 payments reconcile with payroll records
• IRP5/IT3(a) certificates are correctly prepared
• Every employee has a valid SARS Income Tax number
• Your submission is completed via SARS eFiling or e@syFile Employer

NOTE: Missing income tax numbers, incorrect payroll information or late submissions can lead to SARS rejections, penalties, interest and unnecessary compliance issues for both your business and your employees.

Prepare early. Submit accurately. Avoid penalties.
Need help understanding payroll compliance and SARS submissions?

Follow us for practical employer compliance updates and training.

TRUST FILING SEASON 2026

SARS, IT3(t), Beneficial Ownership & ITR12T Compliance

The trust compliance environment has changed significantly — and SARS is increasing its focus on trusts, beneficial ownership, IT3(t) reporting, and ongoing compliance obligations.

Join our practical webinar as we unpack the latest trust filing requirements for the 2026 filing season.

📅 Date: 23 June 2026

⏰ Time: 09:00 – 11:00

🌐 Registration link: https://bookings.probetatraining.co.za/site/webinar/details.asp?cid=3550

Topics include:

💡 Trust filing season deadlines

💡 IT3(t) reporting requirements

💡 Beneficial ownership obligations

💡 Master’s Office compliance requirements

💡 Recent changes to the ITR12T

💡 Completing the Trust Return Wizard

💡 Section 7C & loan account implications

💡 New SARS administrative penalties for trusts

💡 AP34 penalty assessments and recurring penalties