XO AFRICA SAFARIS CC v C:SARS (395/15) [2016] ZASCA 160: Supreme Court of Appeal case dealing with whether the supply of services are to be standard rated or zero rated in terms of section 11(2)(l) of the VAT Act, following services being supplied to a non-resident of South Africa but being supplied directly to other […]
A Supreme Court of appeal case was ruled between CSARS and Morula Platinum Mines which determines whether certain mined ore should be included in trading stock or be classified as mining operations in terms of the deductibility of the costs thereof. For access to the entire case, please click here.
A draft guide on the special voluntary disclosure program was issued and deals with the time frame as well as the relief offered to taxpayers on international un-declared assets. For access to the entire guide, please click here.
Binding Private Ruling 252 was issued and determines the donations tax and capital gains tax consequences of the waiver of part of a loan to an employee share trust and the reduction of the interest rate on the remaining balance of the loan to 0%. For access to the entire ruling, please click here.
The recent ruling of Masango v RAF deals with the Contingency Fee Act and how to charge VAT on fees for services rendered. For access to the entire ruling, please click here.
The recent Tax Court case 13164 gives clarity on the applicability of section 103(2) of the Income Tax Act to assessed losses carried forward. For access to the entire case, please click here.
THE “fear-mongering” tactics employed by the beverage industry against the proposed sugar tax have been “shocking” and “more than the norm”. This is according to Ismail Momoniat, deputy director- general of the National Treasury, who was commenting on the industry’s reaction since Finance Minister Pravin Gordhan announced the tax earlier this year. The tax will result […]
SARS has issued their second basic guide to income tax exemption for Public Benefit Organisations to assist organisations in obtaining and retaining approval as a public benefit organisation. For access to the entire guide, please click here
A recent case before the Supreme Court of Appeal (CSARS v Marshall NO and Others (816/2015) [2016] ZASCA 158 (3 October 2016)) involved the question of whether or not actual supplies by a designated entity to the Western Cape Department of Health qualified for the zero rating under section 11(2)(n) read with section 8(5) of […]
National Treasury released the following media statement on the special VDP for offshore assets. For access to the entire media statement, please click here. SARS have also updated the guide for special VDP, please click here to access the guide. Interestingly, the last version of the bill that proposed to include to the special VDP […]