November 16, 2023

Testamentary trusts still have their place

How you can protect your assets from predators including SARS Trusts have received a lot of bad press over the past few years, what with SARS […]
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

Tyd vir indien van trust belastingopgawes

Die Suid-Afrikaanse Inkomstediens (SARS) het met wysigings sy vermoëns verbeter om die inligting oor trusts, hul voordelige eienaars, “diegene wat finansieel kan baat”, (ultimate beneficial owners) […]
May 17, 2023

Sars verander BTW-registrasiereëls na styging in verdagte aktiwiteit

Die Suid-Afrikaanse Inkomstediens (SAID) het onlangs gesê hy stel strenger voorwaardes op diegene wat as BTW-ondernemers wil registreer nadat dit ‘n kommerwekkende tendens in verdagte aktiwiteite […]
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 […]
February 27, 2023

Beskerm jouself teen Kuberaanvallers

Kuberaanvallers word slimmer en probeer nuwe kwaadwillige maniere om jou inligting en geld te teiken. Ons het reeds vroeg in die jaar vals “phishing” eposse ontvang […]
December 9, 2022

VAT treatment of irrecoverable debts

What happens to the VAT that was paid over to SARS? Vendors often provide goods or services to clients on credit. In the current economic climate, […]
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

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 […]
October 27, 2022

When SARS requests supporting documents

E-filing doesn’t allow ‘secured’ or password-protected documents to be uploaded—but there is a solution Following SARS Commissioner Edward Kieswetter’s announcement that he intends to rebuild SARS’ […]
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 […]
September 27, 2022

Travel claims, but no allowance?

For commission-earners and the self-employed, the rules are slightly different—but travel costs can be claimed. The common mistake that I make when writing articles about travel […]
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

Waarna om te kyk wanneer u ‘n BTW-faktuur indien

Alle belastingpligtiges wat deur ‘n BTW-verifikasie van SARS gegaan het, weet hoe frustrerend die vertragings op inset-BTW-terugbetalings kan wees wanneer ondersteunende dokumente nie aan die vereistes […]
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

What to do after discovering fraud in your business

Anyone who’s ever had the misfortune to fall prey to credit card fraud, knows that it’s a huge hassle. If you’re running a business, you should […]
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