-
Recent Posts
Archives
- February 2021
- January 2021
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- November 2019
- October 2019
- September 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- August 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
Categories
Category Archives: Tax
Is a voucher still the perfect gift?
On 12 January 2021, the Gauteng High Court delivered judgement in the matter of MTN (Pty) Ltd v CSARS (79960/2019) [2021], in respect of a declaratory order that MTN sought to confirm their interpretation of the VAT treatment of certain airtime vouchers. … Continue reading
Posted in Tax
Tagged Gift, Value-Added Tax, Voucher
Comments Off on Is a voucher still the perfect gift?
Tax legislative amendments: How does it work?
As we approach the (expected) 24 February 2021 Budget Address by Finance Minister, Tito Mboweni, it is useful to consider how the proposed tax amendments raised during the Budget Speech eventually become law. As a starting point, it is important to remember that the South … Continue reading
Posted in Tax
Tagged Amounts, Budget, legislation
Comments Off on Tax legislative amendments: How does it work?
What lies ahead for SA’s budget?
On 24 February 2021, Finance Minister Tito Mboweni will deliver the annual budget address shortly on the heels of the State of the Nation Address a week earlier by President Cyril Ramaphosa. Given the expected R700 billion budget shortfall for the current cycle, Minister Mboweni will … Continue reading
Posted in Tax
Tagged Budget, Expectations, South Africa
Comments Off on What lies ahead for SA’s budget?
Taxpayers: Know your rights!
Since the introduction of the Tax Administration Act in 2011, which aimed to consolidate most of the administrative matters in tax acts, taxpayers have become ever more aware of their rights in dealing with the South African Revenue Service (SARS). There … Continue reading
Emigrated and selling your house? Beware of withholding taxes
Many South Africans who simultaneously emigrate and cease to be South African tax residents are faced with a situation where the sale of a fixed property has not been finalised by the time they cease to be tax residents. This may result in the … Continue reading
Posted in Tax
Tagged fixed property, taxpayers, zero rate
Comments Off on Emigrated and selling your house? Beware of withholding taxes
Exemption of foreign pensions in South Africa
Although there has been an increasing trend in recent times of emigrations from South Africa, there are many projects by the Department of Home Affairs to market South Africa as a friendly retirement destination for foreigners. The question, therefore, often … Continue reading
Posted in Tax
Tagged Department of Home Affairs, Income Tax Act, SARS
Comments Off on Exemption of foreign pensions in South Africa
Beware of scams during filing season
In late August 2020, a large credit bureau in South Africa was the target of a data breach where millions of private individual and company data records were compromised. This data leakage, coupled with the tax filing season, makes for the perfect opportunity for taxpayers’ information to be abused, subjecting taxpayers to potential financial loss. Scammers thrive on the inherent vulnerability … Continue reading
Employer reconciliation, third party declaration period opens
The interim employer reconciliation and third party declaration period is now open, the South African Revenue Service (Sars) said on Tuesday. On the Covid-19 Tax Relief Measures announced by the Minister of Finance earlier this year, Sars said this provided … Continue reading
Posted in Tax
Tagged Disaster Management Tax Relief Administration Bill, SARS, Unemployment Insurance Fund
Comments Off on Employer reconciliation, third party declaration period opens
What you need to know about tax and work travel allowance in South Africa during Covid-19
Covid-19 has far-reaching effects for the South African taxpayer and, unbeknown to many, may be silently increasing their tax liability for the 2021 year of assessment. There is a causal link between travel allowances (and the same applies to company … Continue reading
Posted in Tax
Tagged COVID-19, South Africa, Tax, Travel
Comments Off on What you need to know about tax and work travel allowance in South Africa during Covid-19
Can Sars deduct tax debts from your bank account?
Section 179 of the Tax Administration Act, 2011 allows the South African Revenue Service (Sars) to issue a notice to a person who holds or owes money, including a pension, salary, wage or other remuneration, for or to a taxpayer, … Continue reading