SARS

January 8, 2020

Deductible or not deductible?

On 15 November 2019, the Cape Town Tax Court handed down judgement in ITC24614. It is yet another judgement concerned with the distinction between expenses of […]
October 15, 2019

How Transfer Duty is calculated

Section 2(1) of the Transfer Duty Act[1] imposes transfer duty on the value of any property acquired by any person by way of a transaction, or […]
October 15, 2019

How to purchase without profit

In a recent Binding Private Ruling 324 (“BPR 324”)[1], the South African Revenue Service (“SARS”) determined the tax implications arising from the acquisition of listed Black […]
August 2, 2019

SARS DISPUTE: WHAT ARE THE REASONS?

Generally, disputes with the South African Revenue Service (SARS) are the result of an assessment which has been issued by SARS to a taxpayer. An assessment […]
July 4, 2019

TAX SEASON 2019: IMPROVEMENTS MADE TO EFILING

SARS recently released two media statements, in which it notes several improvements made to eFiling for the 2019 tax season, including the issue of customised notices […]
June 13, 2019

SARS CHANGES TO EMPLOYER STATEMENT OF ACCOUNT

The South African Revenue Service (“SARS”) has recently made changes with regards to the management of payroll taxes in order for employers to more effectively manage […]
June 13, 2019

SALE OF SHARES: INCOME VS REVENUE – BACK TO FIRST PRINCIPLES

The distinction between amounts of a capital nature as opposed to a revenue (or income) nature is essential, and over the years, few other topics have […]
April 24, 2019

TRANSITIONAL RULES FOR INTEREST PAYABLE BY SARS

The South African income tax system is not cash-based. This means that a person can effectively be taxed on amounts that they have not yet received […]
March 25, 2019

REQUESTS FOR SUSPENSION OF PAYMENT FROM SARS

Since its introduction, the “pay now, argue later” rule relating to disputed amounts of tax has been and remains to be the subject of much controversy, […]