NEWS | THE NEW TAX CASE ALL SOUTH AFRICANS SHOULD KNOW ABOUT
The High Court in Pretoria recently ruled that taxpayers have a right to be notified before the South African Revenue Service (SARS) appoints an agent to collect ‘outstanding tax debt’.
NEWS | HOME OFFICE EXPENDITURE: WHEN CAN YOU CLAIM FROM SARS?
With the ever-looming threat of COVID-19 still hanging over South Africa at large, business has had to come to terms with a “new normal”, which has and will continue to result in many taxpayers needing to work from home for the foreseeable future.
NEWS | BINDING PRIVATE RULING 40: SHARE BUY-BACK AT NOMINAL VALUE
Issue The Applicant and Co-applicant approached SARS to determine the income tax and donations tax consequences of a share buy-back at nominal value pursuant to a proposed cancellation agreement.
NEWS | 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) […]
NEWS | CANYON RESOURCES (PTY) LTD V C:SARS (68281/2016) (27 MARCH 2019)
Issue The issue in this matter relates to whether the taxpayer was entitled to claim a diesel refund in respect of diesel purchases in conducting its mining operations, in terms of section 75(1)(d) of the Customs and Excise Act, No. 91 of 1964 (the Customs Act) and Schedule 6 thereto.
NEWS | EMPLOYEES OF LIQUIDATED COMPANIES MAY NOT SUFFER PAYE
The COVID-19 pandemic has wreaked chaos on economies across the globe. Lockdowns, travel bans, and business closures has pushed several companies into liquidation; resulting in an inability to pay employees.
NEWS | EXPATRIATE TAX FOR ROTATIONAL WORKERS AND SEAFARERS
Rotational Workers – The Victims of 01 March 2020 Expatriate Tax Having just returned from visiting South Africans in remote locations in the Democratic Republic of Congo, Zambia, Oman, Qatar, Saudi Arabia, UAE etc;
NEWS | ENSURE YOUR PAYROLL SYSTEM DOES NOT CAUSE CONFUSION OR DISCREPANCIES
Oops payroll – what happened to my net take home pay? Starting a new job in an employee’s career is usually an exciting event with the additional prospect of increasing their earning potential in most cases.
NEWS | THE UNCERTAIN FUTURE OF FINANCIAL EMIGRATION
The History of the Policy Shift A quick recap for newcomers to taxation of South Africans abroad is that after a near two decade policy of giving an employment tax exemption to South Africans performing employment services abroad, there was a material policy shift by National Treasury and SARS, first to completely remove the exemption […]
NEWS | SARS NEW AUTO-ASSESSMENTS – WHY SOUTH AFRICAN EXPATRIATES MUST BE FULLY COMPLIANT
With the effects of COVID-19 hitting the National Treasury where it hurts the most, in the pocket; SARS has introduced auto-assessments.