SARS

November 16, 2021

Disputing SARS decision and assessments

A taxpayer who is aggrieved by an assessment or decision of SARS against that taxpayer has the right to dispute that assessment or decision. If an […]
October 18, 2021

SARS efiling identity theft

It has been communicated to SAICA members over the last few weeks that there appears to be an increasing incidence of cases where certain individuals are […]
August 16, 2021

SARS rules that students do not qualify as employees

In a Binding Private Ruling issued on 6 July 2021, SARS has made strict ruling on an Employment Tax Incentive Act (ETI) scheme that has been […]
May 18, 2021

Tax neutral asset for share transactions

The Income Tax Act contains various provisions in terms of which transactions can occur between specified parties without adverse tax consequences being incurred in respect of those […]
November 26, 2020

Beware of scams during filing season

In late August 2020, a large credit bureau in South Africa was the target of a data breach where millions of private individual and company data records were compromised. This data leakage, coupled with the tax filing season, makes for the perfect opportunity […]
November 19, 2020

Scammers posing as SARS officials are on the rise

In late August 2020, a large credit bureau in South Africa was the target of a data breach where millions of private individual and company data […]
October 28, 2020

Is SARS wriggling out of its obligations?

Section 45 of the Value-Added Tax Act makes provision for the payment of interest on delayed VAT refunds. In terms of section 45(1) of the Act, the South African […]
March 12, 2020

DO YOU FALL WITHIN THE “CONNECTED PERSONS” DEFINITION?

On 28 January 2020, SARS released interpretation note 67 providing guidance on the term “connected persons” in section 1(1) of the Income Tax Act. The interpretation […]
January 23, 2020

BOERDERYBEDRYWIGHEDE: BELASTINGIMPLIKASIES

Boerdery in Suid-Afrika is soos tweede natuur vir baie Suid-Afrikaners, maar die  belastingimplikasies van boerderybedrywighede laat ‘n paar vrae ontstaan wanneer ‘n belastingpligtige se belasbare inkomste […]
January 23, 2020

INTRA-GROUP TRANSACTIONS: HOW IT WORKS

The South African Revenue Service (“SARS”) issued a private binding ruling (BPR329) on 27 September 2019 on the tax implications of intra-group transactions and the subsequent […]
August 13, 2019

SKENKINGBELASTING: WIE, WAT, WAAR EN HOE?

Is jou kennis genoegsaam oor skenkingsbelasting? Dink jy dalk daaraan om ń familielid finansieel by te staan, of om ń kind te help met ń deposito […]
August 13, 2019

FOREIGN CURRENCY: CAPITAL GAIN

With the fast approaching 2019 tax season, taxpayers who have realised a capital gain in a foreign currency should take note of the special rules that […]
August 13, 2019

2019 TAX SEASON IS NOW OPEN

The 2019 tax season officially started on 1 July 2019. Different filing periods apply, depending on the way a taxpayer chooses to submit their return: Taxpayers […]
July 29, 2019

TAX SEASON 2019: WHAT CAN YOU EXPECT?

SARS recently released two media statements, in which it notes several improvements made to eFiling for the 2019 tax season, including the issue of customised notices […]
June 28, 2019

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 […]
June 28, 2019

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 […]
May 22, 2019

VAT REGULATIONS DEALING WITH THE SUPPLY OF ELECTRONIC SERVICES

Since 2015, foreign suppliers of electronic services (such as audio-visual content, e-books etc.) in South Africa are deemed to operate an enterprise for VAT locally. Although […]
April 10, 2019

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, […]
January 21, 2019

THE COMMON LAW DOCTRINE OF SIMULATION

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 […]
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 […]
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