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The history and subsequent fallout between SAIT an...

What gave rise to the fallout between SAIT and Tax Faculty?


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Tax Penalties and Remission

Tax Penalties and Remission


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Safe VAT?

Safe VAT?


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High Court declares the power to issue income tax...

High Court declares the power to issue income tax exemptions through a gazette notice unconstitution...


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Effective resolution of SARS’ requests for relevan...

Effective resolution of SARS’ requests for relevant material process


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The facts on expatriate tax and tax emigration in...

The facts on expatriate tax and tax emigration in practice


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Achieving success with requests for remission/redu...

Achieving success with requests for remission/reduction of tax penalties and interest in South Afric...


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Deregistration of Tax Types

Deregistration of Tax Types


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Tax Practitioner Connect Issue 40 (February 2023)...

Tax Practitioner Connect Issue 40 (February 2023) | South African Revenue Service


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A different kind of melting pot? Implementation of...

A different kind of melting pot? Implementation of the two-pot retirement system pushed to 2024


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SA trusts and non-resident beneficiaries: proposal...

SA trusts and non-resident beneficiaries: proposal to address tax avoidance


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Amendments in relation to purported loopholes in f...

Amendments in relation to purported loopholes in foreign capital participation exemption


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Post MLI Ratification – developments regarding pil...

Post MLI Ratification – developments regarding pillar one and pillar two


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The MLI comes into effect for South Africa

The MLI comes into effect for South Africa


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A more equitable outcome for unbundling transactio...

A more equitable outcome for unbundling transactions


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Fine-tuning the debt forgiveness rules for dormant...

Fine-tuning the debt forgiveness rules for dormant group companies


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Asset-for-share exchanges: Relief where anti-avoid...

Asset-for-share exchanges: Relief where anti-avoidance provisions bite


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Review of “qualifying purpose” in the context of t...

Review of “qualifying purpose” in the context of third-party backed shares


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The lights are still not on, but someone has final...

The lights are still not on, but someone has finally come home


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[FAQ] South Africans working in Netherlands

South Africans working in Netherlands


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[FAQ] VAT output on payments received by medical p...

VAT output on payments received by medical practitioners/practices from Medical Aids


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[FAQ] Section (1)(o)(ii) - director and shareholde...

Section (1)(o)(ii) - director and shareholder of the company


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Dealing with tax return corrections and voluntary...

Dealing with tax return corrections and voluntary disclosure


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SARS Must Comply with its Interpretation Notes: Co...

On 3 March 2023, the Supreme Court of Appeal in C:SARS v Medtronic International Trading SARL [2023]...


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Individuals Tax News

The facts on expatriate tax and tax emigration in...

The facts on expatriate tax and tax emigration in practice


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A different kind of melting pot? Implementation of...

A different kind of melting pot? Implementation of the two-pot retirement system pushed to 2024


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SA trusts and non-resident beneficiaries: proposal...

SA trusts and non-resident beneficiaries: proposal to address tax avoidance


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Corporate Tax News

A more equitable outcome for unbundling transactio...

A more equitable outcome for unbundling transactions


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Fine-tuning the debt forgiveness rules for dormant...

Fine-tuning the debt forgiveness rules for dormant group companies


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Intra-group loans: Tax complexities

Intra-group loans: Tax complexities


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VAT Introduction & Registration News

[FAQ] The VAT registration of a farming operation

A taxpayer wants to register a farming operation for VAT.


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[FAQ] VAT deregistration as a result of disruption...

A company involved in the tourism and conservation industry has submitted nil VAT returns as there w...


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VAT periods News

Getting out what you put in…A recap on the deducti...

Author: Varusha Moodaley


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Further clarification on the VAT registration of n...

Author: Jerome Brink


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Contingency Fees: VAT inclusive or exclusive?

Author: Gerhard Badenhorst


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Tax returns and payments News

Weekly transfer pricing roundup – 19 June 2017

Author: Marcus


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Deregistration News

Deregistration as a VAT Vendor

A sole proprietor performs services for clients abroad. More than 90% of the taxpayer’s revenue is d...


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VAT Output Tax News

[FAQ] VAT and insurance claims received due to fra...

A taxpayer received an insurance claim. The loss incurred was due to fraudulent transactions perpetr...


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[FAQ] VAT implications of a change from a resident...

A VAT registered trust bought two residential properties. No input tax was claimed on the purchase o...


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[FAQ] Commercial accommodation exceeding 28 days

Two companies are connected persons for VAT purposes. One company operates a guesthouse and the othe...


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Zero Rated News

[FAQ] Is the sale of borehole water a zero-rated s...

Client “A” is a farmer who is a registered VAT vendor. His neighbour (Client “B”) is a poultry farme...


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VAT Input Tax News

[FAQ] Input tax on the purchase of plastic from bi...

A taxpayer is a registered VAT vendor and has a business of recycling plastic. He buys the plastic f...


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[FAQ] Deemed input VAT on the purchase of property

A client purchased a property for R5million. Two valuations were obtained on the property of which t...


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[FAQ] Input tax prior the effective date of regist...

When a new company registers for VAT can the company claim input tax on capital and standard rated p...


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Notional input tax News

Value-added tax & transfer duty: Clarity or confus...

Where fixed property is purchased by a VAT vendor from a non-vendor, transfer duty is payable thereo...


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Input - Customs Duty News

VAT on imported services payable by non-registered...

On 1 June 2020, the South African Revenue Service (SARS) issued an external guide titled ‘Manage Dec...


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Salaried Employees Fringe Benefits News

Employment tax COVID-19 chronicles: Employer-provi...

Disaster Relief tax legislation provided relief in various areas of our tax and related legislation....


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[FAQ] Employee benefits in respect of interest on...

A taxpayer owns a residential property and a husband and wife (non-related) run his business. The ta...


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Salaried Employees - Share plans News

BPR 352 – Taxation of employees participating in a...

This ruling determines the tax consequences relating to the exercise of share options acquired by an...


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International Tax for Individuals News

Why the wait when you emigrate?

When making a fresh start in a new country with no intention of returning to South Africa, a person...


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[FAQ] Income tax consequences for an individual ta...

A taxpayer who is a South African tax resident and an academic doctor (he researches cultures), rece...


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Inclusive Framework issues Statement on the Two-Pi...

This is the fifth in ATAF?s series of Technical Notes on the tax challenges arising in Africa from t...


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Farming - Individuals Tax News

Welcome clarity on the taxation of farmers in Sout...

Welcome clarity on the taxation of farmers in South Africa?


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Farmers claiming diesel rebate

The Supreme Court of Appeal recently overturned a decision by the High Court. The impact of the deci...


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Capital Gains Tax - Individuals Tax News

[FAQ] The tax implication when cryptocurrency is s...

It is stated that income on cryptocurrency that was mined will be taxed when income is received/accr...


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Practical Payroll News

Payment holiday for Skills Development Levy contri...

The COVID-19 outbreak together with extended lockdown continues to have a negative impact on the cas...


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[FAQ] EMP501 Reconciliations

The taxpayer works as a tax practitioner at a company where they submit between 150 to 200 EMP501 re...


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Salaried Employees - Specific Transactions News

Tax consequences of day trips undertaken for busin...

Qualifying subsistence allowances are excluded from taxable income in terms of section 8(1)(a)(ii) o...


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Employer and Employee (PAYE and UIF Specific) News

Employees’ Tax

The Guide for Employers in respect of Employees Tax for 2023 has been updated to include the new tab...


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[FAQ] Should benefits received from the South Afri...

Should benefits received from SAFT be included or excluded from the IRP5 and will these benefits rec...


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Travel allowance News

Reimbursive travel allowance

Where an allowance or advance is based on the actual distance travelled by the employee for business...


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Income: Exempt Income News

Do bursaries to relatives of employees still hold...

Sections 10(1)(q) and (qA) provide for an exemption when a qualifying bona fide bursary is provided...


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Contributions to retirement funds News

[FAQ] Retirement Annuity Fund Contributions

Dr X closed his practice during the 2019 tax year. During the 2020 tax year he earned a salary. He h...


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Donations to PBO's - Section 18A News

Public benefit organisations: Proposed new require...

Public benefit organisations: Proposed new requirements for section 18A receipts


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Section 6quat updated News

Interpretation Note 18 (Issue 4) - Rebate and dedu...

This Note explains the scope, interpretation and application of section 6quat which provides for a r...


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Application of tax rates, s6(2) rebates News

[FAQ] Rebates in the year a taxpayer ceases to be...

A taxpayer ceased to be a resident in South Africa and it came to his attention that SARS allows the...


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Specific and Prohibited Deductions News

Tax deductions for future expenses

Taxpayers may deduct an allowance for certain future expenditure in terms of section 24C, despite no...


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Inextricably linked contracts? The Constitutional...

On 21 July 2020, the Constitutional Court (CC) handed down judgment in Big G Restaurants (Pty) Ltd v...


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Big G Restaurants (Pty) Limited vs Commissioner fo...

At issue is whether income derived from patrons of certain Spur and Panarottis restaurants is deduct...


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Retirement Lump Sum Retirement Benefits News

[FAQ] Retirement lump sums and the applicable tax...

There was a retirement fund contribution amount carried forward per the taxpayer’s 2019 income tax a...


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Public Sector Pension Funds News

Planning ahead: SARS issues binding private ruling...

On 22 November 2020, SARS issued Binding Private Ruling 355 (Ruling), regarding the taxation of amou...


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Annuities News

Notices on Expanding Access to Living Annuity Fun...

The Notices on Expanding Access to Living Annuity Funds were gazetted on Monday 1 June 2020.


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Capital gains tax basic Tax News

[FAQ] Capital Gains Tax

A non-resident (beneficiary and trustee) donates R10 million to a Trust in year one. The Trust uses...


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Contextualising provisional tax News

[FAQ] What alternative is available if a taxpayer...

What alternative is available to the taxpayer in the event that the taxpayer reflects a lower taxabl...


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Received by of accrued to News

[FAQ] Incentives in the form of gift cards

An employee receives incentives in the form of gift cards through the employer. Are these incentives...


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Capital Nature News

[FAQ] Distributions received from a Trust

Trust Z is a registered Non Profit Organisation (NPO) and is also the main shareholder of Company K....


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Residents vs non residents News

[FAQ] Is a South African resident who lives in the...

My client has lived in the UK for several years now. He received a directive from SARS for relief fr...


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Exempt taxpayers News

Public Benefit Organisations and the special tax d...

The Minister of Finance recognised that, while South Africa is in a state of crisis, the tax system...


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BPR 348 - Income tax consequences for a public ben...

This ruling determines the income tax consequences for a public benefit organisation resulting from...


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International Tax News

Amendments in relation to purported loopholes in f...

Amendments in relation to purported loopholes in foreign capital participation exemption


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Post MLI Ratification – developments regarding pil...

Post MLI Ratification – developments regarding pillar one and pillar two


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The MLI comes into effect for South Africa

The MLI comes into effect for South Africa


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Tax Administration News

Tax Penalties and Remission

Tax Penalties and Remission


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High Court declares the power to issue income tax...

High Court declares the power to issue income tax exemptions through a gazette notice unconstitution...


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Effective resolution of SARS’ requests for relevan...

Effective resolution of SARS’ requests for relevant material process


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VAT News

Safe VAT?

Safe VAT?


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[FAQ] VAT output on payments received by medical p...

VAT output on payments received by medical practitioners/practices from Medical Aids


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Binding General Ruling 62 – Value-added tax implic...

Binding General Ruling 62 – Value-added tax implications of securities lending arrangements


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Payroll News

[FAQ] Retrospective application for a severance ta...

An employee received a lump sum when he left which was seen as a bonus payment. The employee left du...


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[FAQ] Employment Tax Incentive and connected perso...

Would a taxpayer be eligible to register his son under the business ETI or is he considered to be a...


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INCREASED ACCESS TO COVID-19 TERS BENEFITS

UIF TERS benefits offer relief to employers who are not able to pay employees during the lockdown pe...


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Administration of Estates News

[FAQ] Deceased Estate Life Wrapped Investment Valu...

Deceased Estate Life Wrapped Investment Value For Estate Duty


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[FAQ] Transfer duty exemption on a capital distrib...

What provision in the Transfer Duty Act deals with the applicability of transfer duty to a capital d...


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Groundbreaking case law impacting estate planning

A number of groundbreaking cases have recently been decided (during the latter part of 2020) and are...


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Customs and Excise News

Customs and Excise Act: Rule amendment notice R189...

The notice, as published in Government Gazette 46056, relates to the amendments to the rules publish...


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Customs: Prohibited and restricted goods list

Customs: Prohibited and restricted goods list


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Excise essential guide for small businesses

Excise tax is indirect duties, levies and taxes imposed on certain locally manufactured and imported...


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Tax Update News

2022 MTBPS: Generally good news, limited tax chang...

2022 MTBPS: Generally good news, limited tax changes


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The 2020 Tax Amendments

The National Treasury recently published a number of bills that contain the amendments to the tax la...


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SARS Dispute Resolution News

Dispute resolution - Is it time to settle?

The settlement of a tax dispute is available to taxpayers in respect of which an assessment has been...


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Legislation News

Determination of the daily amount in respect of me...

DETERMINATION OF THE DAILY AMOUNT IN RESPECT OF MEALS AND INCIDENTAL COSTS FOR PURPOSES OF SECTION 8...


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​Fixing of rate per kilometre in respect of motor...

FIXING OF RATE PER KILOMETRE IN RESPECT OF MOTOR VEHICLES FOR THE PURPOSES OF SECTION 8(1)(b)(ii) AN...


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Binding Private Ruling (BPR) 340 – Share buy-back...

This ruling determines the income tax and donations tax consequences of a share buy-back at nominal...


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Interest News

General rules regarding interest deductibility

In the current environment where there is a huge amount of debt being incurred by taxpayers it is us...


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BGR 53 - Rules for the taxation of interest payabl...

This BGR sets out the rules to avoid double taxation when a deemed accrual of interest occurs under...


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Updated Table of interest rates: Table 3 – Rates a...

Where a loan is obtained by an employee from his or her employer in terms of which no interest is pa...


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Deductions Pre-trade and prepaid expenses News

Did the SCA get this right?

Section 23H of the Income Tax Act is a provision that is designed to spread prepayments made by taxp...


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Assessed losses News

Proposed changes to Assessed loss provision

The 2021 Draft Laws Amendment Bill that was released in July 2021, has proposals to change section 2...


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Wear and tear allowances News

BGR 7 - ​Wear-and-tear or depreciation allowance

This BGR reproduces the parts of Interpretation Note 47 (Issue 5) “Wear-and-Tear or Depreciation All...


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Capital Gains Tax News

[FAQ] The tax implication when shares are sold for...

A Trust owns 100% of the ordinary shares in a company and charges R20 million to a potential purchas...


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[FAQ] Capital Gains Tax on the sale of shares wher...

A taxpayer is a director who wants to sell her shares to the remaining directors. The shares have a...


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[FAQ] Waiver of loan between connected persons

Two companies are connected persons. Both companies waived the loan account between them. This was a...


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Roll-Overs News

BPR 347 - When the temporary setting aside of volu...

This ruling determines whether the setting aside of a voluntary liquidation, by order of court, woul...


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Dividends Tax, STT & Return of Capital: Taxation of dividends News

Goodbye to the “loop structure” prohibition

In its typical form, a so-called “loop structure” arises where a South African exchange control resi...


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Definition of “dividends”

A South African company issued preference shares to its holding company in order to obtain cashflow...


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Dividends Tax, STT & Return of Capital: Securities transfer tax News

BCR070 - ​Recipients of shares in an “unbundled” c...

This ruling determines tax consequences for the recipients of listed shares in a company, following...


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BCR 071 - Transfer of portfolio investments by for...

This ruling determines securities transfer tax implications of the transfer of JSE listed shares by...


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Trusts News

Share disposal between two employee share incentiv...

Share disposal between two employee share incentive trusts


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Cession to special trust of the beneficiary’s loan...

Cession to special trust of the beneficiary’s loan account


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Trusts Filing Season 2022

Trusts Filing Season 2022


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Trust types and income allocations News

Guide to the Taxation of Special Trusts (Issue 3)

The purpose of this guide is to assist users in gaining a more in-depth understanding of the taxatio...


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Trust Income / Gain Allocations News

BPR 350 – Vesting of a capital gain in a trust ben...

This ruling determines the tax consequences of the vesting of a capital gain in a beneficiary, where...


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Nature of the rights of beneficiaries News

The tax implications of medical expenses paid by a...

The trust, special trust or otherwise, cannot make a deduction of the medical expenditure incurred o...


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Tax implications of loans to trusts News

Amendment to section 7C: Beware of preference divi...

With the introduction of section 7C, the interest saving arising on interest-free or low interest ra...


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[FAQ] A loan by a natural person, or a connected p...

Trust A is a 100% shareholder of Company B. Trust C has a debit loan with Company B (no interest is...


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Capital Gains Tax Implications of Trusts News

Tax implications of terminating a trust

A trust is terminated by the Master after all the trust property was vested and distributed to the b...


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Provisional tax (Link with other Taxes) News

[FAQ] Provisional tax when the financial year-end...

A company changed its financial year-end from February to June. The change was made on 13 March 2021...


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Income Tax Consequenses of Donations News

​Deduction of donations made by employees to Solid...

In order to encourage donations to the Solidarity fund by employees through employers, the maximum m...


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Deceased Estate News

How should a Deceased Estate be administered?

The administration of a deceased estate entails a regulatory process overseen by the Master of the H...


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Deceased estates - tax returns

Posted by: SAIT Technical


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Estate Duty News

Estate duty dodge is just silly

Posted by: SAIT Technical


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Contextualizing Provisional Tax News

[FAQ] First provisional tax consequences for a tax...

A taxpayer is working as a nurse on a cruise liner. Her taxable income for the 2019 year of assessme...


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[FAQ] Provisional Tax

A taxpayer has a basic amount of zero. The taxpayer’s current year of assessment (2021) has a profit...


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Penalties and interest News

Exposure to penalties while in an assessed loss po...

Taxpayers who find themselves in a loss-making position often intuitively assume that as long as the...


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Company Formations News

BGR 54 - Unbundling of unlisted company: Impact of...

This BGR provides clarity on what constitutes an unbundling transaction when an unbundling company h...


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Asset-for-share transactions News

The mechanics of asset-for-share transactions

Section 42 of the Income Tax Act provides roll-over relief for asset-for-share transactions. Taxpaye...


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Asset-for-share transactions followed by an unbund...

This binding private ruling is published with the consent of the applicant(s) to whichit has been is...


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Intra-group transactions News

Tax implications resulting from the elimination of...

This ruling determines the income tax and dividends tax consequences of the redemption of intra-grou...


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Unbundling transactions News

Unbundling Transactions: Latest Amendments

The Taxation Laws Amendment Bill, 2020 was passed by the National Assembly on 17 November. One of th...


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Binding Class Ruling 070: Recipients of shares in...

This binding class ruling is published with the consent of the applicant(s) to which it has been iss...


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Liquidations, winding-up and deregistration News

Restructuring and business rescue options availabl...

When a company enters a phase of financial distress, the board of directors must meet on a regular b...


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Collective Investment Schemes News

Binding Private Ruling 344 - Transfer of listed fi...

This ruling determines tax consequences of a transfer of listed financial instruments to collective...


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REIT Distributions News

BPR 349 – Acquisition of equity shares in non-resi...

This ruling determines the income tax and dividends tax consequences of property income distribution...


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Tax residence News

New proposal for required documents when ceasing t...

There has been a proposal that has been issued with new document requirements for taxpayers who wish...


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Accounting for VAT News

[FAQ] Basis of registration as a VAT vendor

A taxpayer is experiencing long delays in receiving payment from clients, especially government depa...


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Deferred tax assets and deferred tax on equity News

Deferred tax assets for tax losses

Entities that have tax losses are likely to find themselves in a position where they have to conside...


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Tax Administration Part 2B: Resolving Problems with SARS using the Tax Ombud News

[FAQ] What remedies are available to a taxpayer as...

A taxpayer has lodged and objection with SARS. The objection was accepted, but SARS did not comply w...


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[FAQ] Can the Tax Ombud assist with issues regardi...

VAT returns submitted and paid through eFiling reflect on the taxpayer's work page. However, the ret...


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World of Tax News

The journey to advance your tax career

There are three main areas of practice in a tax career, namely SARS compliance, advisory and litigat...


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Tax Administration Part 3B Dispute Resolution - Objection and appeal News

New Tax Dispute Resolution Rules (Effective 10 Mar...

The Minister of Finance approved new dispute resolution rules under the Tax Administration Act, 2011...


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Cross-border News

[FAQ] Exports from Zimbabwe to China

Company A, tax and VAT registered in South Africa, is facilitating a sale of chrome out of Zimbabwe...


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Case study: Home office expense News

[FAQ] Home office expenses

A company has staff that have been working from home during COVID19. In total, there are 3 working d...


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Debt restructuring and corporate reorganisations full series News

COVID-19 tax considerations

Wearing masks, constantly sanitizing your hands, not walking or sitting too close to others, not bei...


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Faculty News News

Notice of Annual General Meeting of The Tax Facult...

Notice is hereby given that the Annual General Meeting (“AGM”) of members of THE TAX FACULTY NPC (“T...


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Blogs News

Why should you personalise your tax practice?

In this article, we'll show you why personalisation is so important and how you can start incorporat...


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Online vs in-person tax training

If you are looking for the most convenient and cost-effective way to kickstart your career in tax or...


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5 Reasons to Learn Accounting & Bookkeeping: A Gui...

In this ultimate student guide, we will discuss five reasons why you should learn accounting and bo...


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SARS Issues News

SARS Must Comply with its Interpretation Notes: Co...

On 3 March 2023, the Supreme Court of Appeal in C:SARS v Medtronic International Trading SARL [2023]...


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Ethics and Governance News

The history and subsequent fallout between SAIT an...

What gave rise to the fallout between SAIT and Tax Faculty?


Read More
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