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[FAQ] The sale of assets between group companies

05 February 2021

A company is selling its fixed assets to another group company. Both group companies are registered...

[FAQ] Assets disposed of in foreign currency

03 February 2021
Individuals Tax

If a taxpayer has money overseas and bring it back to South Africa, will he/she be taxed on exchange...

[FAQ] The deduction of expenses incurred when taki...

01 February 2021
Corporate Tax

A taxpayer wants to take her staff and their families away for a few days as a team building/thank y...

[FAQ] Business travel for a sales representative

26 January 2021
Individuals Tax

A taxpayer operates mainly from her home office as a sales rep where she travels to and from recurri...

[FAQ] The VAT registration of a farming operation

25 January 2021
Accounting & Financial Reporting

A taxpayer wants to register a farming operation for VAT.

[FAQ] Gap cover and medical scheme tax credits

21 January 2021
Individuals Tax

The taxpayer belongs to a medical aid. During 2020 he received refunds from his gap cover. He wants...

Groundbreaking case law impacting estate planning

21 January 2021
Wills, Estates & Succession

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

[FAQ] The VAT implications for multiple enterprise...

19 January 2021
VAT

A taxpayer recently started a business of delivering fast food. He also owns trailers which he rents...

[FAQ] Bursaries to a director’s relatives

18 January 2021
Individuals Tax

A taxpayer, who is also a director, employed his daughter to work for the company. Can he offer he...

Rappa Resources (Pty) Ltd v CSARS (20/18875)

14 January 2021
VAT

The applicant is seeking an order instructing SARS to pay VAT refunds in full or, in the alternative...

[FAQ] Deemed input VAT on the purchase of property

14 January 2021
Accounting & Financial Reporting

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

Mobile Telephone Networks (Pty) Limited v CSARS

14 January 2021

Mobile Telephone Networks (MTN) brought a declaratory order requesting the high court to determine t...

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

13 January 2021

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

[FAQ] How to treat finder’s fees in the hands of t...

12 January 2021
Individuals Tax

A company pays an employee a R10 000 “finder’s fee” if the company recruits an individual that was r...

Tax consequences of day trips undertaken for busin...

18 December 2020

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

Goodbye to the “loop structure” prohibition

17 December 2020

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

The 2020 Tax Amendments

17 December 2020
Tax Update

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

Planning ahead: SARS issues binding private ruling...

17 December 2020

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

SARS letters of demand: what to do upon receipt th...

15 December 2020
Tax Administration

In recent times SARS has been clamping down on those taxpayers who have outstanding tax debts due. T...

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

15 December 2020

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

[FAQ] The sale of a small holding after VAT regist...

15 December 2020

A taxpayer bought a small agricultural holding. He was not VAT registered during the purchase. Since...

Unbundling Transactions: Latest Amendments

14 December 2020

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

[FAQ] The direct delivery of purchased goods to fo...

14 December 2020

A company wants to introduce a system in their SA stores. A foreign customer browses a smart shopper...

COVID-19 tax considerations

11 December 2020

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