South African Revenue Service

April 28, 2020

UNDERSTANDING THE PERIOD OF LIMITATION

In terms of section 99 of the Tax Administration Act, 28 of 2011, an assessment may not be made three years after the date of an […]
October 23, 2019

CRYPTOCURRENCIES: THE NEW GENERATION’S CASH

Background to Bitcoin Bitcoin, Ether and Litecoin. These are some of the most prominent cryptocurrencies on the market today. Bitcoin is by far the best-known cryptocurrency […]
September 30, 2019

HOW TO QUALIFY AS A PUBLIC BENEFIT ORGANISATION

Non-profit organisations can apply for approval as a “public benefit organisation” (“PBO”) in terms of section 30(3) of the Income Tax Act[1] in order to qualify […]
May 8, 2018

VAT RATE INCREASE FROM 14% TO 15% – HOW TO COMPLETE THE VAT201

The Minister of Finance announced a VAT rate increase from 14% to 15% effective 1 April 2018 in the 2018 Budget Speech. To assist you in preparing […]
November 21, 2017

DEDUCTIBILITY OF SED AND ED EXPENDITURE

The South African Revenue Service (“SARS”) recently issued a binding private ruling (“BPR”)[1] in which the income tax consequences of expenditure in respect of socio-economic development […]
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