NEWS | COMPANIES PLACED IN LIQUIDATION: COURT LEAVES SARS WEAK, BUT RETRENCHED EMPLOYEES ARE THE REAL VICTIMS
SARS released a media statement in May 2020, noting some of the devastating effects of the pandemic on the economy and revenue collection. Covid-19 is causing a rapid rate at which businesses are closing their doors and jobs are being shed.
NEWS | THE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT IS CLEANING THE GLOBE
Looking at global statistics and for those following international news, it appears South Africans can be grateful for not being hit as hard as other countries by Covid-19; yet.
NEWS | CASE LAW WRAP UP: MEDTRONIC INTERNATIONAL VS SARS (33400-19) ZAGPPHC (17 FEBRUARY 2020)
Issue What should be contained in a record for review proceedings and whether SARS may consider a request for the remission of interest in terms of section 39(7)(a) of the Value Added Tax Act, No. 89 of 1991 (the VAT Act) once a taxpayer has agreed to pay such interest in terms of a VDP […]
NEWS | FEW WILL BE ABLE TO CLAIM ‘HOME OFFICE’ EXPENSES, AT THIS STAGE
Many South Africans who had to start working from home due to the national coronavirus lockdown imposed on businesses will not yet be able to claim “home office expenses”.
NEWS | SA EXPATS BEWARE: SARS EYES OFFSHORE ASSETS, FOREIGN INCOME AND BANK ACCOUNTS
Following SARS’ media statement on 5 May 2020, it is clear that revenue collection is under immense pressure with an expected collection shortfall of between 15% – 20%.