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April 10, 2019
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 […]
March 22, 2019
Section 20A of the Income Tax Act[1]ring-fences losses incurred by natural persons from certain trades under specific circumstances. If applicable, the natural person will not be […]
March 22, 2019
By die bepaling van die beste vergoedingspakket vir reisende werknemers, oorweeg Suid-Afrikaanse werkgewers en werknemers voortdurend die voordele van ’n reistoelaag, ’n vergoedende reistoelaag of albei. […]
March 22, 2019
Persons are generally allowed to set off any losses incurred in respect of one trade against the income derived from another trade, thereby reducing their overall […]
March 22, 2019
Wat gebeur wanneer u ’n bate verkoop? Wanneer u ’n bate verkoop of van die hand sit, realiseer u óf ’n wins óf ’n verlies uit […]
February 26, 2019
Throughout the audit of a set of financial statements, the phrase “management/director’s responsibility” appears. It is included in the engagement letter, the financial statements and the […]
February 26, 2019
Die finansiële jaar van ’n maatskappy staan bekend as die rekenkundige periode. Ingevolge artikel 27 van die Maatskappywet No. 71 van 2008 (“die Wet”), het elke […]
February 26, 2019
South African value-added tax (VAT) vendors are often unsure of the tax consequences of issuing invoices to foreign customers or clients and whether such services should […]
February 26, 2019
Section 35A of the Income Tax Act[1] came into effect on 1 September 2007 and sets out the capital gains tax consequences of the sale of […]
January 21, 2019
Oor die algemeen moet alle geregistreerde maatskappye binne 12 maande na die einde van die maatskappy se finansiële jaareinde korporatiewe inkomstebelastingopgawes (CIT) indien. Dit is van […]
January 21, 2019
In addition to specific anti-avoidance provisions and the general anti-avoidance provisions (GAAR) in the Income Tax Act,[1] the South African Revenue Service can apply another established […]
January 21, 2019
Ons kyk terug op sommige van die belangrike hoogtepunte (en laagtepunte) van die 2018 belastingjaar. Davis-belastingkomitee handel sy werk af Die Davis-belastingkomitee (DBK) is in 2013 […]
January 21, 2019
On 21 November 2018, the 2017/2018 consolidated national and provincial audit outcomes report was released, which indicated a discouraging fourth consecutive year of regressive compliance with […]
November 14, 2018
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 […]
November 14, 2018
The Income Tax Act[1] contains definitions for various interest rates. These interest rates serve as the basis for interest calculations in income tax in different circumstances […]
November 14, 2018
Section 12B(1) and (2) of the Income Tax Act[1] provides for a 50/30/20 income tax deduction in respect of certain machinery or plant owned by the […]
November 14, 2018
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 […]
October 19, 2018
The Income Tax Act[1] includes specific provisions for “special trusts”. These trusts are taxed on the same sliding scale applicable to natural persons, which could be lower […]
October 19, 2018
Since it is illegal to issue more than one tax invoice per taxable supply, and another tax invoice may not be issued to alter any consideration […]
October 19, 2018
Determining the tax consequences in respect of any lump sum benefits from retirement funds can be complex and various legislative changes have been incorporated over the […]