Annual Tax Update 2023/2024

4 Hours | 09:00
Nov 30, 2023

Section 7 C Of Income Tax Act

• 23 November 2023
• Accounting

The trustee granted a loan to a trust for a holiday home, triggering Section 7C. However, as the hol...

CGT Exemption Estate

• 22 November 2023
• Accounting

A deceased individual's estate inherits a share portfolio, qualifying for spousal roll-over relief b...

CGT Exemption

• 15 November 2023
• Accounting

Inheritance of property by a surviving spouse could trigger CGT, allowing a rollover for a resident...

Tax Iro Deceased Estates

• 15 November 2023
• Deceased Estate

Delays in obtaining a Deceased Estate Clearance (DEC) certificate from SARS are explored, revealing...

Beneficial Ownership Register

• 14 November 2023
• Trusts

Starting April 1, 2023, the Trust Property Control Act demands updated Beneficial Ownership records...

Foreign Employees - Taxation on Global Income

• 08 November 2023
• International Tax

The article addresses the tax implications for a foreign employee in South Africa, highlighting the...

Business Expenses - Capital Gains Tax

• 07 November 2023
• Accounting

The company can claim business expenses and deductions against its total income, including capital g...

Enhancements to Trusts’ beneficial-ownership information

• 02 November 2023
• Tax Administration

SARS aims to meet FATF requirements by recording all BO of registered Trusts.

Employer Interim Reconciliation Declarations (EMP501)

• 02 November 2023
• Tax Administration

Changes for the PAYE Interim Filing Season.

Incorporating Trust Income and Donations in IT3 Third Party Data Reporting

• 02 November 2023
• Tax Administration

Through SARS eFiling, you can securely submit IT3 third party data to SARS.