Navigating the proposed amendments to section 7C: what taxpayers need to know On 1 August 2024, National Treasury published the...

The income tax deductibility of interest incurred is in the spotlight again in the recent Unitrans Holdings v CSARS (A3094/2022)...

On 31 July 2023, National Treasury published the 2023 Draft Tax Amendment Bills for public comment. For a summary of...

Of late, there has been a number of developments pertaining to tax disputes. Most notably, the Minister of Finance approved...

Section 31 of the Income Tax Act empowers SARS to alter the tax consequences arising from cross-border financial assistance between...

For years of assessment ending on / after 31 March 2023, a limit will be imposed on the balance of...

Effective 16 September 2022, the IT14SD was discontinued. Since its discontinuation, there has been an increase in verification / relevant...

For years of assessment ending on / after 31 March 2023 the corporate income tax rate will reduce from 28%...

The Tax Administration Act No. 28 (2011) (“TAA”) allows the South African Revenue Service to provide and procure administrative assistance...

The Tax Administration Act No. 28 (2011) (“TAA”) prescribes the powers and duties of SARS and aims to ensure that...

For a summary of some of the proposed corporate tax policy and administrative adjustments resulting from the 2022 annual tax...

On 19 January 2022, the 2021 Taxation Laws Amendment Act was promulgated. There are some significant amendments that will impact...

For any tax system to be fair, effective and efficient, it has to be flexible. Current international tax rules have...

Wealth accumulation is generally perceived to signify the achievement of a particular status, financial or otherwise, in society. Of late,...

Of late, it appears as if the courts are increasingly leaning towards the interpretation of tax law in a manner...

The recent Absa Bank Limited and Another v Commissioner for the South African Revenue Service (21825/19) ZAGPPHC 414 (25 August...

In the 2021 Budget Speech, Finance Minister Tito Mboweni indicated that South Africa has a relatively high corporate income tax...

In terms of section 234 of the Tax Administration Act (2011), certain acts or omissions constitute a criminal offence which...

SARS recently issued Interpretation Note No. 47 (Issue 4) – Wear-and-tear or Depreciation Allowance (“SARS IN47”). SARS IN47 provides guidance...

Financial emigration is incorrectly perceived as a solution to trigger a change in a person’s South African tax residency status...

The Disaster Management Tax Relief Bill No. 11 (2020) proposed amendments to the provisions of the Employment Tax Incentive Act...

Corporates have been required to implement a number of measures in response to the COVID-19 lockdown regulations. Some corporates continue...

On 23 April 2020, National Treasury released a media statement with respect to further tax measures introduced to combat the...

On 1 April 2020, National Treasury released the COVID-19 Draft Tax Bills, including the Draft Explanatory Memorandum. The objective of...

Last week, SARS announced the implementation of measures to ensure the safety of all of its employees and clients. It...

There is a direct interface between the CIPC and SARS. While convenient, this can result in non-compliance from a tax...

Of late, it is our experience that there is an increase in the severity of understatement penalties imposed by SARS....

PRESENTATION OF UNCERTAIN TAX POSITIONS Care should be taken whenever a tax position is taken by a taxpayer, for example,...

With the ever-increasing cost of living, annual remuneration increases may not always be sufficient to increase employees’ buying power. One...

The draft Taxation Laws Amendment Bill 2019 (draft TLAB) was published on 21 July 2019 for public comment. The draft...

The Tax Administration Act (2011) entitles an aggrieved taxpayer to object or appeal against an assessment and certain decisions made...

SARS EFILING PLATFORM UPGRADE During April 2019, SARS migrated to a new hosting platform. This also had an impact on...

The sale of debts on a non-recourse basis can be a useful cash management tool. Have you considered how recent...

A recent Supreme Court of Appeal case highlighted that understatement penalties not only place significant pressure on a taxpayer’s financial...

Effective for years of assessment commencing on/after 1 March 2019, directors of private companies are no longer specifically included as...

Effective for years of assessment commencing on/after 1 January 2019, taxpayers will need to amend the manner in which they...

Draft Tax Bills Published The Draft Taxation Laws Amendment Bill 2018 (TLAB) and the Draft Tax Administration Laws Amendment Bill...

If you are considering investing offshore via a foreign trust or have already done so, it is important to consider...

After carefully determining your company tax liability and submitting the completed company tax return, SARS will acknowledge the receipt of...

We have found that taxpayers are often not aware of all their available rights and remedies. This is one instance...

The founders of Nubis.Tax, Cobie de Lange and Izel du Plessis, had a vision to create a platform where top...

On 21 February 2018 it was announced that the value-added tax rate will increase from 14% to 15%. The rate...