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SARS Wants to Have its Cake and Eat it Too

23 April 2024
Individuals Tax

In February 2024, SARS issued a Draft Interpretation Note on the Consequences of an Employer’s Failu...

Exploring Compliance: Understanding Customs and VA...

22 April 2024
VAT

Whether we like it or not, tax compliance has become the main focus of SARS. SARS treats non-complia...

Compliance is the New Tax Currency

19 April 2024
Corporate Tax

The Commissioner for SARS is in the process of tightening up tax compliance with a view of breaching...

Tax Residency Of Former South Africans Returning T...

11 April 2024
Accounting & Financial Reporting

This discusses tax implications for returning South Africans, including residency criteria, asset in...

En Commandite Partnership

11 April 2024
Accounting & Financial Reporting

En commandite partnerships tax both active and silent partners equally, with deductions limited by f...

SARS Audit: How Far Back Can They Go?

09 April 2024

Imagine SARS is conducting an audit on a company for the most recent year of assessment. The company...

Disputed or Undisputed Tax Debt, That is The Quest...

08 April 2024
Accounting & Financial Reporting

Taxpayers and their advisors often face challenges navigating between suspension requests for disput...

Film Entertainment Industry Tax

27 March 2024
Accounting & Financial Reporting

Seeking information on the current status of Tax Act Section 24F and the practical aspects of Sectio...

VAT Exit Charge

27 March 2024
VAT

When ceasing VAT registration, include assets with unclaimed VAT on the VAT123e form despite the law...

SARS Giveth and SARS Taketh Away

25 March 2024
SARS Issues

The alarmingly high unemployment rate in South Africa has given rise to several tax incentives for e...

Transfer Pricing has Finally Washed up on South Af...

25 March 2024
Transfer-Pricing

With increasing economic globalisation, revenue authorities around the world continue to shift their...

VAT Apportionment: Revised Ruling

20 March 2024
VAT

Binding General Ruling 16 prescribes the default ratio that vendors must use for input tax apportion...

Navigating One of the Challenges of a SARS Audit:...

13 March 2024

SARS audits demand clear communication and expertise to navigate complex tax laws and potential barr...

Staff Salary Advance Tax Implications

13 March 2024
Accounting & Financial Reporting

Examining tax consequences of salary advancements under the Income Tax Act, where interest-free or l...

FAQs: Credibility of Tax Education Programs by The...

07 March 2024
Faculty News

This article deals with frequently asked questions about the credibility of tax education programs o...

FAQs: SAIT vs The Tax Faculty

20 March 2024
Faculty News

Frequently Asked Questions concerning the disputes between SAIT and The Tax Faculty.

Public Statement: SAIT vs The Tax Faculty

11 March 2024
Faculty News

Using cancel culture tactics to destroy lives and crush hopes for a better better life for those who...

Independent Contractor and PAYE

26 February 2024
Accounting & Financial Reporting

Invoicing as an independent contractor while being a director and shareholder may cause tax issues i...

Your SARS Residency Status Impacts Your Taxes and...

22 February 2024
Accounting & Financial Reporting

Whether you are a South African tax resident looking to diversify your investments or a tax non-resi...

Base Cost For Shares

16 February 2024
Accounting for Income Tax

A trust adjusts share values annually but base cost remains R500 despite fair value changes under th...

VAT: New and Improved Standard Turnover-Based Appo...

01 March 2024
VAT

We explore the amendments to this new version of the BGR 16 and what it means for you in more detail...

Beware: The characterisation of foreign exchange d...

22 February 2024
Accounting & Financial Reporting

In this article we highlight some of the noteworthy practical consequences of the amendments to be c...

VAT Agency and Principals

06 February 2024
VAT

Court allows zero VAT on commissions to foreign tour operators, emphasizing confidentiality of commi...

Cessation of Tax Residency

02 February 2024
Accounting & Financial Reporting

A South African taxpayer in the UAE seeks to end tax residency in South Africa through the UAE/South...