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[FAQ] Non-resident and the vesting of equity instr...

10 December 2020
Individuals Tax

A taxpayer was employed by a South African company and subsequently transferred to the company's UK...

[FAQ] Trust property and the resulting loan accoun...

09 December 2020

A trust owns a property which was built by the trustee for use as a primary residence. There is a tr...

[FAQ] Employee benefits in respect of interest on...

07 December 2020

A taxpayer owns a residential property and a husband and wife (non-related) run his business. The ta...

[FAQ] VAT invoice requirements for online sales co...

04 December 2020
VAT

A customer purchases an item from a retailer via an online platform. The platform service provider c...

[FAQ] The VAT implication of commercial and reside...

02 December 2020

A company develops buildings with residential units as well as workspace, coffee shops etc. Is this...

[FAQ] Shares held as trading stock

01 December 2020
Corporate Tax

A company trades in shares. How will the share value gain be accounted for tax purposes? Would the s...

[FAQ] Income tax on commission earned

30 November 2020
Individuals Tax

A taxpayer earns an average monthly commission of R30,000 and also has commission related expenses....

[FAQ] Travel allowance on a rented vehicle

27 November 2020
Individuals Tax

A taxpayer received a travel allowance under code 3701. He doesn't own a car but rents a car under a...

[FAQ] The registration and tax consequences of a d...

25 November 2020
Wills, Estates & Succession

A completely new taxpayer, referred to as the estate of the deceased person, see section 9HA and sec...

Medical aid and retirement annuity payments made o...

24 November 2020
Individuals Tax

A couple is married in community of property. The husband is the main member of the medical aid and...

[FAQ] Capital Gains Tax on a primary residence whe...

23 November 2020
Individuals Tax

Two taxpayers are married out of community of property and their primary residence is registered in...

Why the wait when you emigrate?

20 November 2020

When making a fresh start in a new country with no intention of returning to South Africa, a person...

Amendment to section 7C: Beware of preference divi...

19 November 2020
Tax implications of loans to trusts

With the introduction of section 7C, the interest saving arising on interest-free or low interest ra...

[FAQ] Research and development not approved by the...

20 November 2020
Individuals Tax

A company does research and development. No approval has been obtained from the Minister of Science...

[FAQ] Delayed VAT registration and understatement...

19 November 2020
VAT

A company’s turnover exceeded R1 million for the past 3 financial years but was never registered for...

[FAQ] The VAT treatment of commission earned in th...

18 November 2020
VAT

An insurance broker, who does life cover and retirement plans, earns commission exceeding R1million...

[FAQ] Should benefits received from the South Afri...

17 November 2020
Employer and Employee (PAYE and UIF Specific)

Should benefits received from SAFT be included or excluded from the IRP5 and will these benefits rec...

Notice by SARS where financials were prepared for...

16 November 2020
Corporate Tax

A new company prepared annual financial statements for 15 months which included the 3 months of its...

BCR 075 - Settlement of post-retirement medical a...

13 November 2020
Corporate Tax

This ruling determines the tax consequences for the employers and the qualifying employees due to th...

[FAQ] Right of use of motor vehicle for office and...

12 November 2020
Individuals Tax

The individuals who are not office-bound are not taxed on the use of company vehicles, but the offic...

[FAQ] The ITR12 in the year a taxpayer ceases to b...

11 November 2020
Individuals Tax

The date the individual ceased being a resident of the RSA must be disclosed in the ITR12

Attempt to curb the adverse effects of unallocated...

11 November 2020
Tax Administration

The Draft TALAB proposes the provision of specific timeframes within which the SARS can allocate pay...

The audit process – recent case law and the taxpay...

11 November 2020
Individuals Tax

The recent case of Carte Blanche Marketing CC and Others v Commissioner for the South African Revenu...

[FAQ] Property financed by a taxpayer but register...

10 November 2020
Individuals Tax

A taxpayer purchased a property to renovate and resell. This property was financed by the taxpayer b...