Arbitrêre praktyke deur die SAID tydens die uitreiking van assesserings
Die Wet op Belastingadministrasie maak voorsiening vir die oudit en verifiëring van belastingbetalers se belastingopgawes vir alle belasting wat deur die Kommissaris van die Suid-Afrikaanse Inkomstediens (SAID) geadministreer word. In baie van die gevalle is die briewe wat deur belastingbetalers ontvang word in dié verband standaard-briewe wat nie enigsins meer spesifieke inligting bied rakende wat […]
SARS se gesag om ‘n bank as invorderingsagent aan te stel
Beslissings in Suid-Afrikaanse howe vorm ‘n wesenlike bron van die wet. Die howe handhaaf die Grondwet en ontwikkel ‘n Gemenereg wat konsekwent is met die waardes van die Grondwet, sowel as die doel en gees van die Handves van Regte. Met betrekking tot belasting, dra die Hof deur hierdie beslissings by tot die manier waarop wetgewing geïnterpreteer word, of die regte en verpligtinge van belastingbetalers en die Suid-Afrikaanse Inkomstediens bevestig word. Om die belastingslandskap dus te waardeer, moet daar […]
HOW TO QUALIFY AS A PUBLIC BENEFIT ORGANISATION
Non-profit organisations can apply for approval as a “public benefit organisation” (“PBO”) in terms of section 30(3) of the Income Tax Act[1] in order to qualify for tax exemption under section 10(1)(cN) of the Income Tax Act. In terms of these provisions, the organisation’s sole or principal object must be the carrying on of one […]
SARS ON MANAGING PAYROLL TAXES
The South African Revenue Service (“SARS”) has recently made changes with regards to the management of payroll taxes in order for employers to more effectively manage their own accounts by way of a number of functions and tools. SARS states that the aim of these changes is to allow employers to ensure that all their […]
SALE OF SHARES: INCOME VS REVENUE – BACK TO FIRST PRINCIPLES
The distinction between amounts of a capital nature as opposed to a revenue (or income) nature is essential, and over the years, few other topics have enjoyed so much attention in our tax courts. Although most taxpayers appreciate this distinction, it is essential to revisit the core principles from time to time, to ensure that […]
REQUESTS FOR SUSPENSION OF PAYMENT FROM SARS
Since its introduction, the “pay now, argue later” rule relating to disputed amounts of tax has been and remains to be the subject of much controversy, and rightfully so. The basic premise is that even though you disagree with an amount of tax, once you have been assessed by SARS, the amount becomes due and […]
SARS SCAMS
Education and awareness around identity theft, phishing and other frauds have become part of life globally. If nothing else, scamsters are innovative and keep trying new avenues of defrauding businesses and individuals. In South Africa, this is no exception, and there has been a rise in the number of scams where persons pretend to be […]
WENKE OM GEREGISTREERDE BESONDERHEDE OP DATUM TE HOU
Voordat u jaarlikse opgawe voltooi word, is dit belangrik om seker te maak dat kontak-, adres-, bank- en openbare offisiersbesonderhede van die entiteit (hetsy vir ’n individu, maatskappy, trust of enige ander entiteit) korrek is, deur dit te bevestig en op te dateer met gebruik van die RAV01-vorm. Die RAV01-besonderhede kan op twee maniere bevestig […]
ADDITIONAL CHANGES TO INCOME TAX RETURNS FOR TRUSTS
The South African Revenue Service (“SARS”) implemented several changes to theI (the ITR12T) on 17 September 2018. These changes are in addition to the changes already made on 26 February 2018. The September 2018 changes apply in respect of the year of assessment ending on 28 February 2018. Taxpayers that already saved or submitted the […]