September 11, 2023

Flying towards a tax saving: Double tax agreement, or financial emigration?

Having visited over 12 international locations in 2022, and engaging with South African expatriates, we can attest to a recent report issued by the United Nations, […]
July 25, 2023

Unlocking the benefits of expert tax planning

Tax planning is the strategic organisation of financial affairs to minimise tax liability by utilising deductions, exemptions, allowances, and rebates within the confines of the law. […]
April 18, 2023

Render unto Caesar: Shares and the SARS slice

Whether you are a share trader or a long-term investor, when you make a profit, SARS will want its slice of the pie Ever since biblical […]
March 27, 2023

Accounting tips for small businesses

When operating a small business, there are so many important daily tasks to remember—especially if you are also the business owner.  Your day is most likely […]
December 9, 2022

Dividends in trading and investing

Dividend investing can be a solid strategy, so it’s worth knowing how dividends work. What is a dividend? A dividend is a payment made by a […]
December 9, 2022

Ring-fencing trading losses

Top-rate taxpayers need to watch out for Section 20A Section 20 of the Income Tax Act 58 of 1962 deals with the set-off of losses from […]
November 16, 2022

Vervanging van IT14SD-opgawe – Nuwe SARS-verifikasie proses

SARS het onlangs die gebruik van die IT14SD-opgawe gestaak. Hierdie opgawe is voorheen deur SARS gebruik vir verifikasie (wat ‘n hoëvlak verifiëring van die belastingbetaler se […]
November 16, 2022

Stygende rentekoerse, dit is nou die tyd om skuld te betaal en te spaar

Aangespoor deur die bestuur van stygende inflasie en om die rand te beskerm, was die Suid-Afrikaanse Reserwebank sedert November 2021 gedwing om die prima rentekoers te […]
November 16, 2022

Tax compliance lives beyond death

A deceased estate takes on a (tax) life of its own while being wound up I started my first job back in September 1987 at the […]
September 27, 2022

Bribes, penalties, and fines: Don’t expect help from SARS

Deductions are disallowed under Section 23(o)—but it’s not quite cut and dried… The meeting went on longer than you expected, and now you’re rushing to get […]
August 11, 2022

Belasting gevolge van ‘n skenking

Skenkings, wat effek ‘n ooreenkomste is waar een party instem om iets van waarde aan ‘n ander te skenk, word deur die Inkomstebelastingwet beheer en is […]
August 11, 2022

Don’t lose that assessed loss!

Assessed losses can be carried forward—provided that the company doesn’t cease trading If the amount of allowable deductions exceeds the taxable income in your business, you […]
August 11, 2022

Deducting bond interest when using an access bond facility

You can use a loan re-advance against your house to purchase a rental property, and get the interest allowed as a tax deduction – it just […]
July 15, 2022

Section 42: Asset-for-share transactions

It is often the case that South African tax resident shareholders wish to reorganise their South African group of companies, for a multitude of commercial reasons, […]
June 21, 2022

Korporatiewe inkomstebelasting: Vermindering van koers na 27% en beperking op benutting van verliese

Die Minister van Finansies het in die 2022 Begrotingsrede aangekondig dat korporatiewe inkomstebelasting koers (CIT) tot 27% verlaag sal word vir jare van aanslag wat op […]
May 11, 2022

PAYE and non-residents

Employment income is generally taxed where the services are physically exercised. The place of contract conclusion, where the employer is based and where the remuneration is […]
May 10, 2022

SARS and the never ending cycle of inappropriate verifications

Taxpayer complaints of this nature are now classified as systemic. By Amanda Visser 4 May 2022 The Office of the Tax Ombud recently identified repeated verifications of the […]
April 11, 2022

Analysing tax exemption for dividends

Dividends are a valuable part of many shareholders’ income, but even though they are exempt from regular income tax, it does not mean that they are […]
March 24, 2022

How will the 2022 Budget changes affect you?

The annual National Budget Speech was delivered on 23 February 2022 by Finance Minister Enoch Godongwana. Practitioners are getting to grips with some of the more […]
February 8, 2022

Transfer of assets between spouses: what are the tax implications?

Section 9HB of the Income Tax Act provides for a roll-over of a capital gain or loss when an asset is transferred between spouses during their lifetimes. […]
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