What gave rise to the fallout between SAIT and Tax Faculty?
High Court declares the power to issue income tax exemptions through a gazette notice unconstitution...
Effective resolution of SARS’ requests for relevant material process
The facts on expatriate tax and tax emigration in practice
Achieving success with requests for remission/reduction of tax penalties and interest in South Afric...
Tax Practitioner Connect Issue 40 (February 2023) | South African Revenue Service
A different kind of melting pot? Implementation of the two-pot retirement system pushed to 2024
SA trusts and non-resident beneficiaries: proposal to address tax avoidance
Amendments in relation to purported loopholes in foreign capital participation exemption
Post MLI Ratification – developments regarding pillar one and pillar two
The MLI comes into effect for South Africa
A more equitable outcome for unbundling transactions
Fine-tuning the debt forgiveness rules for dormant group companies
Asset-for-share exchanges: Relief where anti-avoidance provisions bite
Review of “qualifying purpose” in the context of third-party backed shares
The lights are still not on, but someone has finally come home
South Africans working in Netherlands
VAT output on payments received by medical practitioners/practices from Medical Aids
Section (1)(o)(ii) - director and shareholder of the company
Dealing with tax return corrections and voluntary disclosure
On 3 March 2023, the Supreme Court of Appeal in C:SARS v Medtronic International Trading SARL [2023]...
The facts on expatriate tax and tax emigration in practice
A different kind of melting pot? Implementation of the two-pot retirement system pushed to 2024
SA trusts and non-resident beneficiaries: proposal to address tax avoidance
A more equitable outcome for unbundling transactions
Fine-tuning the debt forgiveness rules for dormant group companies
Intra-group loans: Tax complexities
A taxpayer wants to register a farming operation for VAT.
A company involved in the tourism and conservation industry has submitted nil VAT returns as there w...
Author: Varusha Moodaley
Author: Jerome Brink
Author: Gerhard Badenhorst
Author: Marcus
A sole proprietor performs services for clients abroad. More than 90% of the taxpayer’s revenue is d...
A taxpayer received an insurance claim. The loss incurred was due to fraudulent transactions perpetr...
A VAT registered trust bought two residential properties. No input tax was claimed on the purchase o...
Two companies are connected persons for VAT purposes. One company operates a guesthouse and the othe...
Client “A” is a farmer who is a registered VAT vendor. His neighbour (Client “B”) is a poultry farme...
A taxpayer is a registered VAT vendor and has a business of recycling plastic. He buys the plastic f...
A client purchased a property for R5million. Two valuations were obtained on the property of which t...
When a new company registers for VAT can the company claim input tax on capital and standard rated p...
Where fixed property is purchased by a VAT vendor from a non-vendor, transfer duty is payable thereo...
On 1 June 2020, the South African Revenue Service (SARS) issued an external guide titled ‘Manage Dec...
Disaster Relief tax legislation provided relief in various areas of our tax and related legislation....
A taxpayer owns a residential property and a husband and wife (non-related) run his business. The ta...
This ruling determines the tax consequences relating to the exercise of share options acquired by an...
When making a fresh start in a new country with no intention of returning to South Africa, a person...
A taxpayer who is a South African tax resident and an academic doctor (he researches cultures), rece...
This is the fifth in ATAF?s series of Technical Notes on the tax challenges arising in Africa from t...
Welcome clarity on the taxation of farmers in South Africa?
The Supreme Court of Appeal recently overturned a decision by the High Court. The impact of the deci...
It is stated that income on cryptocurrency that was mined will be taxed when income is received/accr...
The COVID-19 outbreak together with extended lockdown continues to have a negative impact on the cas...
The taxpayer works as a tax practitioner at a company where they submit between 150 to 200 EMP501 re...
Qualifying subsistence allowances are excluded from taxable income in terms of section 8(1)(a)(ii) o...
The Guide for Employers in respect of Employees Tax for 2023 has been updated to include the new tab...
Should benefits received from SAFT be included or excluded from the IRP5 and will these benefits rec...
Where an allowance or advance is based on the actual distance travelled by the employee for business...
Sections 10(1)(q) and (qA) provide for an exemption when a qualifying bona fide bursary is provided...
Dr X closed his practice during the 2019 tax year. During the 2020 tax year he earned a salary. He h...
Public benefit organisations: Proposed new requirements for section 18A receipts
This Note explains the scope, interpretation and application of section 6quat which provides for a r...
A taxpayer ceased to be a resident in South Africa and it came to his attention that SARS allows the...
Taxpayers may deduct an allowance for certain future expenditure in terms of section 24C, despite no...
On 21 July 2020, the Constitutional Court (CC) handed down judgment in Big G Restaurants (Pty) Ltd v...
At issue is whether income derived from patrons of certain Spur and Panarottis restaurants is deduct...
There was a retirement fund contribution amount carried forward per the taxpayer’s 2019 income tax a...
On 22 November 2020, SARS issued Binding Private Ruling 355 (Ruling), regarding the taxation of amou...
The Notices on Expanding Access to Living Annuity Funds were gazetted on Monday 1 June 2020.
A non-resident (beneficiary and trustee) donates R10 million to a Trust in year one. The Trust uses...
What alternative is available to the taxpayer in the event that the taxpayer reflects a lower taxabl...
An employee receives incentives in the form of gift cards through the employer. Are these incentives...
Trust Z is a registered Non Profit Organisation (NPO) and is also the main shareholder of Company K....
My client has lived in the UK for several years now. He received a directive from SARS for relief fr...
The Minister of Finance recognised that, while South Africa is in a state of crisis, the tax system...
This ruling determines the income tax consequences for a public benefit organisation resulting from...
Amendments in relation to purported loopholes in foreign capital participation exemption
Post MLI Ratification – developments regarding pillar one and pillar two
The MLI comes into effect for South Africa
High Court declares the power to issue income tax exemptions through a gazette notice unconstitution...
Effective resolution of SARS’ requests for relevant material process
VAT output on payments received by medical practitioners/practices from Medical Aids
Binding General Ruling 62 – Value-added tax implications of securities lending arrangements
An employee received a lump sum when he left which was seen as a bonus payment. The employee left du...
Would a taxpayer be eligible to register his son under the business ETI or is he considered to be a...
UIF TERS benefits offer relief to employers who are not able to pay employees during the lockdown pe...
Deceased Estate Life Wrapped Investment Value For Estate Duty
What provision in the Transfer Duty Act deals with the applicability of transfer duty to a capital d...
A number of groundbreaking cases have recently been decided (during the latter part of 2020) and are...
The notice, as published in Government Gazette 46056, relates to the amendments to the rules publish...
Customs: Prohibited and restricted goods list
Excise tax is indirect duties, levies and taxes imposed on certain locally manufactured and imported...
2022 MTBPS: Generally good news, limited tax changes
The National Treasury recently published a number of bills that contain the amendments to the tax la...
The settlement of a tax dispute is available to taxpayers in respect of which an assessment has been...
DETERMINATION OF THE DAILY AMOUNT IN RESPECT OF MEALS AND INCIDENTAL COSTS FOR PURPOSES OF SECTION 8...
FIXING OF RATE PER KILOMETRE IN RESPECT OF MOTOR VEHICLES FOR THE PURPOSES OF SECTION 8(1)(b)(ii) AN...
This ruling determines the income tax and donations tax consequences of a share buy-back at nominal...
In the current environment where there is a huge amount of debt being incurred by taxpayers it is us...
This BGR sets out the rules to avoid double taxation when a deemed accrual of interest occurs under...
Where a loan is obtained by an employee from his or her employer in terms of which no interest is pa...
Section 23H of the Income Tax Act is a provision that is designed to spread prepayments made by taxp...
The 2021 Draft Laws Amendment Bill that was released in July 2021, has proposals to change section 2...
This BGR reproduces the parts of Interpretation Note 47 (Issue 5) “Wear-and-Tear or Depreciation All...
A Trust owns 100% of the ordinary shares in a company and charges R20 million to a potential purchas...
A taxpayer is a director who wants to sell her shares to the remaining directors. The shares have a...
Two companies are connected persons. Both companies waived the loan account between them. This was a...
This ruling determines whether the setting aside of a voluntary liquidation, by order of court, woul...
In its typical form, a so-called “loop structure” arises where a South African exchange control resi...
A South African company issued preference shares to its holding company in order to obtain cashflow...
This ruling determines tax consequences for the recipients of listed shares in a company, following...
This ruling determines securities transfer tax implications of the transfer of JSE listed shares by...
Share disposal between two employee share incentive trusts
Cession to special trust of the beneficiary’s loan account
The purpose of this guide is to assist users in gaining a more in-depth understanding of the taxatio...
This ruling determines the tax consequences of the vesting of a capital gain in a beneficiary, where...
The trust, special trust or otherwise, cannot make a deduction of the medical expenditure incurred o...
With the introduction of section 7C, the interest saving arising on interest-free or low interest ra...
Trust A is a 100% shareholder of Company B. Trust C has a debit loan with Company B (no interest is...
A trust is terminated by the Master after all the trust property was vested and distributed to the b...
A company changed its financial year-end from February to June. The change was made on 13 March 2021...
In order to encourage donations to the Solidarity fund by employees through employers, the maximum m...
The administration of a deceased estate entails a regulatory process overseen by the Master of the H...
A taxpayer is working as a nurse on a cruise liner. Her taxable income for the 2019 year of assessme...
A taxpayer has a basic amount of zero. The taxpayer’s current year of assessment (2021) has a profit...
Taxpayers who find themselves in a loss-making position often intuitively assume that as long as the...
This BGR provides clarity on what constitutes an unbundling transaction when an unbundling company h...
Section 42 of the Income Tax Act provides roll-over relief for asset-for-share transactions. Taxpaye...
This binding private ruling is published with the consent of the applicant(s) to whichit has been is...
This ruling determines the income tax and dividends tax consequences of the redemption of intra-grou...
The Taxation Laws Amendment Bill, 2020 was passed by the National Assembly on 17 November. One of th...
This binding class ruling is published with the consent of the applicant(s) to which it has been iss...
When a company enters a phase of financial distress, the board of directors must meet on a regular b...
This ruling determines tax consequences of a transfer of listed financial instruments to collective...
This ruling determines the income tax and dividends tax consequences of property income distribution...
There has been a proposal that has been issued with new document requirements for taxpayers who wish...
A taxpayer is experiencing long delays in receiving payment from clients, especially government depa...
Entities that have tax losses are likely to find themselves in a position where they have to conside...
A taxpayer has lodged and objection with SARS. The objection was accepted, but SARS did not comply w...
VAT returns submitted and paid through eFiling reflect on the taxpayer's work page. However, the ret...
There are three main areas of practice in a tax career, namely SARS compliance, advisory and litigat...
The Minister of Finance approved new dispute resolution rules under the Tax Administration Act, 2011...
Company A, tax and VAT registered in South Africa, is facilitating a sale of chrome out of Zimbabwe...
A company has staff that have been working from home during COVID19. In total, there are 3 working d...
Wearing masks, constantly sanitizing your hands, not walking or sitting too close to others, not bei...
Notice is hereby given that the Annual General Meeting (“AGM”) of members of THE TAX FACULTY NPC (“T...
In this article, we'll show you why personalisation is so important and how you can start incorporat...
If you are looking for the most convenient and cost-effective way to kickstart your career in tax or...
In this ultimate student guide, we will discuss five reasons why you should learn accounting and bo...
On 3 March 2023, the Supreme Court of Appeal in C:SARS v Medtronic International Trading SARL [2023]...
What gave rise to the fallout between SAIT and Tax Faculty?