Zoom via PC/Mobile
Wednesday, 9 March 2022
15:00 – 17:00 (GMT+2)
SARA Paid-Up members: Free of charge
The Budget 2022 Announcement was very far from a “Good News” Budget for Remuneration and Reward Professionals.
We will specifically unpack why this budget announcement can leave not much doubt why we are “stealing our future, to live today”. This is not good news for employers and employees; which directly impacts remuneration and reward practitioners and their strategies.
The most direct impact of Tax Law changes will be adjustment to allow the later payment of tax on performance-based variable payments, such as certain types of bonuses, the increase to ETI, various retirement fund changes to address anomalies, and the normal expected adjustments impacting employees the coming year.
There are two clear messages in the Budget Announcement on this clear target area for the coming years and we will unpack these. This may also be an additional incentive for executives to move internationally, as we have lost some high-profile executives recently to overseas opportunities. The new Home Affairs Critical Skills List emphasised the vast shortages in the market, and we will also briefly touch thereon.
There are three specific tax law changes on expatriates, i.e. South Africans abroad and this remains a very specific SARS focus area.
We will also deal with the most important prior-year tax changes and topical issues such as repayable executive remuneration, as has recently been announced in the media.
Jerry Botha is the Managing Partner of Tax Consulting South Africa and has over 25 years’ experience in the field of taxation and remuneration. He holds his own FSCA License, is a Master Reward Specialist, serves on the Executive of SARA, chairs the SARA Employee Benefit Committee and is a Certified Payroll Practitioner and Tax Practitioner.
Jerry is an esteemed speaker and trainer on topics concerning employee benefits, remuneration methodology and best practice, as well as employees’ tax and optimally handling SARS engagements. His approach to training is to ensure maximum knowledge transfer and to equip industry professionals to take away information that finds practical application in their own practices and for their clients, achieving balance between ensuring full compliance with the law, whilst ensuring the best legal efficiency.
He also authored the LexisNexis textbook on ‘Expatriate Tax’ which includes a component on international remuneration methodology, and advises many large South African and multi-national businesses on complex and / or best practice solutions concerning remuneration, benefits and taxation.