SARS appreciates and acknowledges the support from the Tax Exempt Institutions’ community in 2024, a...
Carbon taxes in South Africa are set to rise by over 140% by 2030.
SARS’ systems are becoming increasingly integrated and sophisticated. Anybody that still thinks with...
Problems at master’s offices the tip of the iceberg.
The terms “agent” and “agency” are not defined in the Value Added Tax Act 89 of 1991 (VAT Act).
What is the appropriate process for a taxpayer to follow if they disagree with an estimated addition...
Is this arrangement considered a fringe benefit for the CEO, or is it classified as a normal securit...
Should the will’s clause, which distributes the renounced shares equally among the remaining benefic...
The pay-now-argue later principle is firmly entrenched in our tax law and embodied in section 164(1)...
He says, she says: Timelines for record keeping and documentary proof as an efficiency “hack” for sm...
As the tax landscape becomes increasingly complex, tax practitioners are facing new pressures to mee...
Many taxpayers have experienced a dramatic increase in Requests for Relevant material by SARS. Some...
The eagerly anticipated Constitutional Court judgment in Thistle case1 has been delivered.
Taxpayer obligations are balanced against SARS’ powers and duties. SARS is responsible for the admin...
We discovered errors in the calculation of capital gains during an income tax audit by SARS for the...
straightforward and consistent with established transfer pricing principles. The court sharply criti...
SARS is currently issuing estimated assessments after conducting reviews or audits on income tax and...
Risk is an inherent part of running any business, yet many business owners overlook the importance...
Can the company reflect the potential new value of the properties on the balance sheet, or would the...
A Group of companies’ structure includes a resident Inter Vivos Employment Incentive Trust. The trus...
SARS instituted action against the appellants in terms of section 183 of the Tax Administration Act...
A private company granted vested share options to its employees. Prior to the pay out, the company o...
In a rent-to-buy agreement, monthly payments reduce the final purchase price, and these payments mus...
A South African taxpayer who works abroad, makes contributions towards Give As You Earn (GAYE). SARS...
A South African taxpayer who works abroad, makes contributions towards Give As You Earn (GAYE). SARS...
SARS will issue auto-assessments from 1 July 2024 to taxpayers whose tax affairs are less complicate...
It is important to note that there are numerous changes for this year’s filing season as a result of...
Essential tax strategies for small business owners, emphasising the importance of tax risk managemen...
One of the most daunting questions for a taxpayer who is issued with an understatement penalty asses...
Two of the fundamental requirements to access the VDP are that the disclosure must be voluntary and...
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...
Client “A” is a farmer who is a registered VAT vendor. His neighbour (Client “B”) is a poultry farme...
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...
Examining tax consequences of salary advancements under the Income Tax Act, where interest-free or l...
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...
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...
Debit loan interest below the official rate creates a deemed dividend, leading to dividends tax un...
A taxpayer ceased to be a resident in South Africa and it came to his attention that SARS allows the...
The article addresses the tax implications for a foreign employee in South Africa, highlighting the...
Place of effective management: SARS’ views
Interpretation Note 101 (Issue 2) – Gains or losses on foreign exchange transactions
What is the appropriate process for a taxpayer to follow if they disagree with an estimated addition...
Many taxpayers have experienced a dramatic increase in Requests for Relevant material by SARS. Some...
Taxpayer obligations are balanced against SARS’ powers and duties. SARS is responsible for the admin...
SARS’ systems are becoming increasingly integrated and sophisticated. Anybody that still thinks with...
The terms “agent” and “agency” are not defined in the Value Added Tax Act 89 of 1991 (VAT Act).
SARS issued BGR 72 on 21 May 2024 to set the particulars that are acceptable in a credit note that t...
A client hired a new employee with a monthly cost to the company of R20000, without specifying if co...
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...
straightforward and consistent with established transfer pricing principles. The court sharply criti...
With increasing economic globalisation, revenue authorities around the world continue to shift their...
Problems at master’s offices the tip of the iceberg.
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...
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...
IT3(d) onboarding, testing and live submissions will remain open for the duration of the submission...
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...
In an apparent effort to win the war against non-compliance, it seems SARS has taken to augmenting t...
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...
Payout classification for employees leaving after receiving company shares depends on factors like a...
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...
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...
A trust is terminated by the Master after all the trust property was vested and distributed to the b...
[FAQ] How do you submit a Third Prov Tax return and what penalties are payable if any?
A company changed its financial year-end from February to June. The change was made on 13 March 2021...
The administration of a deceased estate entails a regulatory process overseen by the Master of the H...
This BGR provides clarity on what constitutes an unbundling transaction when an unbundling company h...
There has been a proposal that has been issued with new document requirements for taxpayers who wish...
Invoicing as an independent contractor while being a director and shareholder may cause tax issues i...
A trust adjusts share values annually but base cost remains R500 despite fair value changes under th...
The sum of the multiple bona fide donations reflected in separate section 18A receipts must be the s...
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...
The application of Section 7 is complex, requiring careful consideration of the trust’s activities...
After an employee's death, the company is managing funds for maternity leave and staff contributions...
Starting April 1, 2023, the Trust Property Control Act demands updated Beneficial Ownership records...
SARS appreciates and acknowledges the support from the Tax Exempt Institutions’ community in 2024, a...
Is this arrangement considered a fringe benefit for the CEO, or is it classified as a normal securit...
The pay-now-argue later principle is firmly entrenched in our tax law and embodied in section 164(1)...
ChatGPT – it’s the latest buzzword, and for good reason. This powerful new tool has the potential to...
The Minister of Finance approved new dispute resolution rules under the Tax Administration Act, 2011...
[FAQ] What is the correct tax treatment of employee travel allowances?
[FAQ] Home office expense regarding solar installation
A company has staff that have been working from home during COVID19. In total, there are 3 working d...
Carbon taxes in South Africa are set to rise by over 140% by 2030.
The South African Institute of Chartered Accountants on Monday 3 June 2024 announced the accreditati...
Frequently Asked Questions concerning the disputes between SAIT and The Tax Faculty.
Master payroll and administration for smooth operations. Discover best practices and tools to stream...
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...
The VAT Act mandates specific details on invoices, including supplier and recipient names, addresses...
The eagerly anticipated Constitutional Court judgment in Thistle case1 has been delivered.
The alarmingly high unemployment rate in South Africa has given rise to several tax incentives for e...
SARS excludes December 16th to January 15th from "business days" as per TAA Section 1, impacting the...
The purpose of this notice is to address these common issues, which may have been communicated durin...
Imagine SARS is conducting an audit on a company for the most recent year of assessment. The company...
SARS audits demand clear communication and expertise to navigate complex tax laws and potential barr...
Entertainment industry contractors, facing potential double taxation due to 25% PAYE deductions, can...
You can be held liable for whatever a hacker manages to siphon from Sars in your name.
Risk is an inherent part of running any business, yet many business owners overlook the importance...
Should the will’s clause, which distributes the renounced shares equally among the remaining benefic...