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January 21, 2019

2018: ’N JAAR IN BELASTING

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

THE PUBLIC AUDIT AMENDMENT ACT: GROUNDBREAKING FOR SOUTH AFRICA IF PROPERLY IMPLEMENTED

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

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 […]
November 14, 2018

DIFFERENT INTEREST RATES IN TAX

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

DEDUCTION FOR PHOTOVOLTAIC SOLAR ENERGY PLANTS

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

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 […]
October 19, 2018

SPECIAL TRUSTS

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

CORRECTION OF TAX INVOICES

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

TAX ON RETIREMENT LUMP SUMS

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 […]
October 19, 2018

SPERDATUMS VIR INDIVIDUE EN ADMINISTRATIEWE BOETES

Die belastingseisoen het op 1 Julie 2018 oopgemaak en die sperdatums vir die huidige belastingseisoen is as volg: Tipe belastingpligtige Kanaal   Sperdatum   Alle belastingpligtiges Per hand by ’n SAID-tak   21 September 2018   Nie-voorlopige betaler  eFiling of per elektroniese indiening by ’n SAID-tak   31 […]
September 27, 2018

BAD DEBTS AND VAT

While there is currently a focus on the income tax considerations of bad and doubtful debts (given that National Treasury has proposed changes to section 11(j) […]
September 27, 2018

SAID VERIFIKASIES, OUDITS – WANNEER, HOEKOM EN WAT OM TE DOEN

Om geselekteer te word vir verifikasie en geselekteer te word vir ’n oudit, is twee verskillende prosesse. Verifikasie: Sodra u belastingopgawe ingedien is, mag dit geselekteer […]
September 27, 2018

CHANGES TO BAD DEBT ALLOWANCE

Most South African businesses are at some point in time exposed to credit risk in the form of bad debts. Although taxpayers would undoubtedly prefer to […]
September 27, 2018

GELDIGHEID VAN VOETSTOOTSKLOUSULES ONDER DIE WET OP GEBRUIKERSBESKERMING

Die tradisionele voetstootsklousule wat kragtens die gemene reg aanspreeklikheid van die verkoper vir enige gebreke in die goedere wat deur hom of haar verkoop word, uitsluit, […]
August 15, 2018

EMPLOYEES’ TAX (PART II): ARE YOU A LABOUR BROKER FOR TAX PURPOSES?

The deduction of employees’ tax is dependent upon three elements being present. These elements are all defined in the Fourth Schedule to the Income Tax Act[1] […]
August 15, 2018

BELASTING OP TOEGEVOEGDE WAARDE EN DIE JAARLIKSE UITSLUITING

Die 2018-belastingseisoen is in volle swang en dit is die moeite werd om na ’n algemene dwaling aangaande die vasstelling van kapitaalwinsbelasting vir individuele belastingbetalers en […]
August 15, 2018

SARS’ SERVICE CHARTER

On 1 July 2018, the South African Revenue Service (‘SARS’) released a new version of its Service Charter. The release of the Service Charter has been […]
August 15, 2018

AFTREKBAARHEID VAN RENTE VIR NIE-HANDELDRYWENDE INDIVIDUE

Die SAID se Praktyknota 31.2 (PN31.2) bepaal dat ’n persoon by magte is om rente wat betaal is af te trek, selfs as die persoon nie […]
July 13, 2018

CYBERCRIME – WHAT YOU NEED TO DO TO PROTECT YOURSELF

Install a personal firewall product Hackers can infect home computers by connecting to your computer while you’re surfing the internet. The best way to protect your […]
July 13, 2018

WHAT SHOULD YOU CONSIDER WHEN INVESTING IN A BUSINESS

You have worked hard for many years, and have finally saved enough funds and mustered the courage to take the big leap that you have been […]
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