NEWS | CLAIM TAX HOME OFFICE – SARS AUDIT WILL ASK THESE QUESTIONS
With Covid-19, many taxpayers are looking to claim home office expenses. This tax claim is, however, subject to quite complex law which only allows claims in very limited instances.
Author Archive for: Tax Consulting South Africa
Entries by Tax Consulting South Africa
NEWS | 12 TAX LAW CHANGES TO DISCUSS WITH YOUR ACCOUNTANT POST COVID-19
While the country was under lockdown, it appears SARS and National Treasury have been hard at work, using this time to refine the law in SARS’ favour.
NEWS | UAE WIDENS 10-YEAR RESIDENCY ‘GOLDEN’ VISA ELIGIBILITY
The United Arab Emirates will extend its “golden” visa system – which grants 10-year residency in the Gulf state – to certain professionals, specialised degree-holders and others, the UAE’s vice president said on Sunday.
NEWS | THE IDEAL EMPLOYER REMUNERATION MODEL FOR THE COVID-19 ERA
“There’s only one remuneration model employers should be considering during COVID-19,” says Tanya Tosen, Tax and Remuneration Specialist at Tax Consulting South Africa.
NEWS | TAXATION LAWS AMENDMENT BILL PROVIDES RELIEF FOR SOUTH AFRICAN EXPATS “TRAPPED” DURING LOCKDOWN
On 13 October 2020, National Treasury and SARS published their responses on the Draft Taxation Laws Amendment Bill (“TLAB”), which included potential relief for South African expatriates who were unable to leave South Africa owing to the Covid-19 lockdown.
NEWS | THE SPOILS OF WAR: TAX DEBT COMPROMISE WITH SARS
The War Room In these uncertain times, many taxpayers do not have the financial means to settle large debts owed to the South African Revenue Service (“SARS”), between the business restrictions imposed by the spread of COVID-19 and the resultant decline of the South African economy, a large number of small to medium enterprises (“SMEs”), […]
NEWS | FINANCIAL EMIGRATION 2021: WHERE TO NOW?
South Africans who have emigrated or plan to permanently leave South Africa have until 28 February 2021, to effect Financial Emigration in its current form, or be faced with a more stringent process.
NEWS | YOU ONLY HAVE ONE SHOT TO DISPUTE YOUR SARS ASSESSMENT
When engaging in disputes with the taxman, there are many rules you need to be aware of, but the decision in CSARS v The Executor of the Estate of Late Ndlovu (A395/2016) arguably tells the most important. This decision by a full bench of the Pretoria High Court reveals how high the stakes are when […]
NEWS | SOUTH AFRICAN GOVERNMENT ISSUED CERTIFICATES 101: WHAT YOU NEED TO KNOW
The protracted lockdown in South Africa resulted in the Department of Home Affairs (“DHA”) offering limited emergency services. South African citizens and permanent residents seeking Civic Services such as unabridged birth and marriage certificates were left frustrated as existing applications were indefinitely delayed.
BINDING RULINGS#339 TRANSFER OF LISTED SHARES TO A COLLECTIVE INVESTMENT SCHEME IN EXCHANGE FOR PARTICIPATORY INTERESTS
Issue The Applicant and the Fund approached SARS to determine the tax consequences of a transfer of listed shares from the applicant to a collective investment scheme in exchange for participatory interests in that collective investment scheme, in terms of sections 9C and 42 of the Income Tax Act, No. 58 of 1962 (the ITA) […]