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Latest News
Customs weekly list of unentered goods
- 28 March 2022
- Customs and Excise
Customs weekly list of unentered goods
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Rates at which interest-free or low interest loans...
- 29 March 2022
- Tax Administration
View the April 2022 Interest Rates – Table 3.
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Invitation for applications by suitable candidates...
- 28 March 2022
- Tax Administration
SARS hereby invites applications by individuals, for appointment as members of the Tax Court.
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SARS Alert I Income Tax Notices 2022
- 08 March 2022
- Individuals Tax
The Government Notices on this page have been issued in terms of the Income Tax Act, 1962, and have...
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Interpretation Note 28 (Issue 3) - Income Tax Act...
- 04 March 2022
- Individuals Tax
Deductions of home office expenses incurred by persons in employment or persons holding an office.
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Tax Ombud Publishes a Draft Collection of Taxpayer...
- 01 February 2022
- Tax Administration
Pretoria: The Taxpayer Bill of Rights might still be a dream, but the draft Compendium of Taxpayer R...
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Notice of Annual General Meeting of The Tax Facult...
- 15 December 2021
- Faculty News
Notice is hereby given that the Annual General Meeting (“AGM”) of members of THE TAX FACULTY NPC (“T...
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New proposal for required documents when ceasing t...
- 30 September 2021
- Tax residence
There has been a proposal that has been issued with new document requirements for taxpayers who wish...
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The VAT treatment of Prepaid Vouchers
- 22 September 2021
- VAT
The High Court in Johannesburg recently handed down judgment in a dispute between MTN Telephone Netw...
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Proposed changes to Assessed loss provision
- 15 September 2021
- Assessed losses
The 2021 Draft Laws Amendment Bill that was released in July 2021, has proposals to change section 2...
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[FAQ] Exports from Zimbabwe to China
- 10 September 2021
Company A, tax and VAT registered in South Africa, is facilitating a sale of chrome out of Zimbabwe...
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[FAQ] VAT and insurance claims received due to fra...
- 30 August 2021
A taxpayer received an insurance claim. The loss incurred was due to fraudulent transactions perpetr...
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[FAQ] The tax implication when shares are sold for...
- 26 August 2021
- Capital Gains Tax
A Trust owns 100% of the ordinary shares in a company and charges R20 million to a potential purchas...
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[FAQ] Transfer duty exemption on a capital distrib...
- 23 August 2021
- Wills, Estates & Succession
What provision in the Transfer Duty Act deals with the applicability of transfer duty to a capital d...
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[FAQ] Provisional tax when the financial year-end...
- 19 August 2021
- Provisional tax (Link with other Taxes)
A company changed its financial year-end from February to June. The change was made on 13 March 2021...
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[FAQ] Capital Gains Tax on the sale of shares wher...
- 12 August 2021
- Capital Gains Tax
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
- 04 August 2021
- Capital Gains Tax
Two companies are connected persons. Both companies waived the loan account between them. This was a...
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[FAQ] The deduction of travel expenses when no tra...
- 30 July 2021
- Individuals Tax
A taxpayer is receiving two sources of income: a pension and a salary. He does not receive a travel...
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[FAQ] Retrospective application for a severance ta...
- 29 July 2021
- Payroll
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] VAT and PAYE registration of a sole propriet...
- 23 July 2021
- Tax Administration
A taxpayer owns a supermarket as a sole proprietor – he and his wife are married in community of pro...
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[FAQ] VAT registration and output tax after a tend...
- 20 July 2021
- VAT
A taxpayer was awarded a tender. The taxpayer registered for VAT in March 2021. At the time of regis...
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Working from home and claiming home office expense...
- 14 July 2021
- Individuals Tax
To answer the questions of who, when and what would qualify for a deduction, the SARS has issued gui...
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The tax treatment of crypto asset transactions
- 14 July 2021
- Individuals Tax
Among these are questions surrounding the tax treatment of crypto asset transactions which have incr...
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[FAQ] Fees paid to a business rescue practitioner
- 08 July 2021
- Corporate Tax
Are the fees paid to a business rescue practitioner tax deductible?
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