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Latest News
Public Benefit Organisations and the special tax d...
- 14 September 2020
The Minister of Finance recognised that, while South Africa is in a state of crisis, the tax system...
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[FAQ] Income tax consequences for an individual ta...
- 10 September 2020
A taxpayer who is a South African tax resident and an academic doctor (he researches cultures), rece...
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Guide to the Taxation of Special Trusts (Issue 3)
- 10 September 2020
- Trust types and income allocations
The purpose of this guide is to assist users in gaining a more in-depth understanding of the taxatio...
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Materiality in VAT disputes
- 07 September 2020
- VAT
The Tax Court in Johannesburg recently handed down judgment in a dispute between a vendor and SARS i...
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[FAQ] First provisional tax consequences for a tax...
- 02 September 2020
A taxpayer is working as a nurse on a cruise liner. Her taxable income for the 2019 year of assessme...
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[FAQ] Capital Gains Tax
- 26 August 2020
A non-resident (beneficiary and trustee) donates R10 million to a Trust in year one. The Trust uses...
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[FAQ] Provisional Tax
- 24 August 2020
A taxpayer has a basic amount of zero. The taxpayer’s current year of assessment (2021) has a profit...
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How should a Deceased Estate be administered?
- 20 August 2020
- Deceased Estate
The administration of a deceased estate entails a regulatory process overseen by the Master of the H...
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Deferred tax assets for tax losses
- 20 August 2020
- Accounting & Financial Reporting
Entities that have tax losses are likely to find themselves in a position where they have to conside...
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General rules regarding interest deductibility
- 17 August 2020
- Interest
In the current environment where there is a huge amount of debt being incurred by taxpayers it is us...
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[FAQ] Distributions received from a Trust
- 17 August 2020
Trust Z is a registered Non Profit Organisation (NPO) and is also the main shareholder of Company K....
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Restructuring and business rescue options availabl...
- 13 August 2020
When a company enters a phase of financial distress, the board of directors must meet on a regular b...
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Dispute resolution - Is it time to settle?
- 12 August 2020
- Tax Dispute Resolution
The settlement of a tax dispute is available to taxpayers in respect of which an assessment has been...
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Broadening the scope of application: tax laws reac...
- 11 August 2020
- Individuals Tax
The use of cryptocurrencies and other crypto assets are becoming increasingly popular, especially in...
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Tax deductions for future expenses
- 05 August 2020
- Accounting & Financial Reporting
Taxpayers may deduct an allowance for certain future expenditure in terms of section 24C, despite no...
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[FAQ] Is the sale of borehole water a zero-rated s...
- 03 August 2020
- Zero Rated
Client “A” is a farmer who is a registered VAT vendor. His neighbour (Client “B”) is a poultry farme...
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BCR 071 - Transfer of portfolio investments by for...
- 29 July 2020
This ruling determines securities transfer tax implications of the transfer of JSE listed shares by...
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BPR 348 - Income tax consequences for a public ben...
- 29 July 2020
This ruling determines the income tax consequences for a public benefit organisation resulting from...
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BPR 347 - When the temporary setting aside of volu...
- 29 July 2020
This ruling determines whether the setting aside of a voluntary liquidation, by order of court, woul...
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[FAQ] Retirement Annuity Fund Contributions
- 28 July 2020
Dr X closed his practice during the 2019 tax year. During the 2020 tax year he earned a salary. He h...
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Inextricably linked contracts? The Constitutional...
- 27 July 2020
On 21 July 2020, the Constitutional Court (CC) handed down judgment in Big G Restaurants (Pty) Ltd v...
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[FAQ] What remedies are available to a taxpayer as...
- 24 July 2020
- Tax Administration Part 2B: Resolving Problems with SARS using the Tax Ombud
A taxpayer has lodged and objection with SARS. The objection was accepted, but SARS did not comply w...
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Big G Restaurants (Pty) Limited vs Commissioner fo...
- 22 July 2020
At issue is whether income derived from patrons of certain Spur and Panarottis restaurants is deduct...
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