The Mandatory Disclosure Rules process has been designed to improve compliance within the Common Rep...
Frequently Asked Questions concerning the disputes between SAIT and The Tax Faculty.
Frequently Asked Questions concerning the disputes between SAIT and The Tax Faculty.
Frequently Asked Questions concerning the disputes between SAIT and The Tax Faculty.
In February 2024, SARS issued a Draft Interpretation Note on the Consequences of an Employer’s Failu...
Whether we like it or not, tax compliance has become the main focus of SARS. SARS treats non-complia...
The Commissioner for SARS is in the process of tightening up tax compliance with a view of breaching...
This discusses tax implications for returning South Africans, including residency criteria, asset in...
En commandite partnerships tax both active and silent partners equally, with deductions limited by f...
Imagine SARS is conducting an audit on a company for the most recent year of assessment. The company...
Taxpayers and their advisors often face challenges navigating between suspension requests for disput...
Seeking information on the current status of Tax Act Section 24F and the practical aspects of Sectio...
When ceasing VAT registration, include assets with unclaimed VAT on the VAT123e form despite the law...
The alarmingly high unemployment rate in South Africa has given rise to several tax incentives for e...
With increasing economic globalisation, revenue authorities around the world continue to shift their...
Binding General Ruling 16 prescribes the default ratio that vendors must use for input tax apportion...
SARS audits demand clear communication and expertise to navigate complex tax laws and potential barr...
Examining tax consequences of salary advancements under the Income Tax Act, where interest-free or l...
This article deals with frequently asked questions about the credibility of tax education programs o...
Frequently Asked Questions concerning the disputes between SAIT and The Tax Faculty.
Using cancel culture tactics to destroy lives and crush hopes for a better better life for those who...
Invoicing as an independent contractor while being a director and shareholder may cause tax issues i...
Whether you are a South African tax resident looking to diversify your investments or a tax non-resi...
A trust adjusts share values annually but base cost remains R500 despite fair value changes under th...
In February 2024, SARS issued a Draft Interpretation Note on the Consequences of an Employer’s Failu...
Companies frequently establish employee share schemes to motivate and align key staff.
Tax implications for livestock in the farmer's and estate's tax returns after the farmer's passing
The Commissioner for SARS is in the process of tightening up tax compliance with a view of breaching...
At it again: Capital v revenue
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
The Mandatory Disclosure Rules process has been designed to improve compliance within the Common Rep...
SARS aims to meet FATF requirements by recording all BO of registered Trusts.
Changes for the PAYE Interim Filing Season.
Whether we like it or not, tax compliance has become the main focus of SARS. SARS treats non-complia...
When ceasing VAT registration, include assets with unclaimed VAT on the VAT123e form despite the law...
Binding General Ruling 16 prescribes the default ratio that vendors must use for input tax apportion...
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...
With increasing economic globalisation, revenue authorities around the world continue to shift their...
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...
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...
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...
[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...
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...
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...
Dividends are subject to Dividend Withholding Tax (DWT) in South Africa.
This discusses tax implications for returning South Africans, including residency criteria, asset in...
En commandite partnerships tax both active and silent partners equally, with deductions limited by f...
Taxpayers and their advisors often face challenges navigating between suspension requests for disput...
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...
Frequently Asked Questions concerning the disputes between SAIT and The Tax Faculty.
Frequently Asked Questions concerning the disputes between SAIT and The Tax Faculty.
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 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...