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 […]
June 13, 2019

TAX ON GIFT CARDS

The Cape Town Tax Court delivered a judgement on 17 April 2019 on the timing of income tax in relation to gift cards issued by a […]
June 13, 2019

EXCLUSIONS FROM THE APPLICATION OF SECTION 7C: PRIMARY RESIDENCE

Section 7C of the Income Tax Act, No 58 of 1962 (the Act), was enacted effective 1 March 2017 and serves as an anti-avoidance measure aimed […]
May 16, 2019

RENDERING OF TRANSPORT SERVICES BY EMPLOYERS

Employers may provide employees with a transport service from their homes to the place of their employment. Such transport services constitute a taxable benefit in the […]
May 16, 2019

VALUE-ADDED REMARKS ON VALUE-ADDED TAX (VAT)

VAT is an integral part of our economic society and is something that influences everyone, especially businesses in South Africa. In this article, we will discuss […]
May 16, 2019

APPLICATION FOR REDUCED ASSESSMENTS

Where taxpayers are aggrieved by assessments issued by the South African Revenue Service (SARS), the Tax Administration Act[1] makes provision for a dispute resolution process, whereby […]
May 16, 2019

EMP501-REKONSILIASIES

Die aanvangsdatum van die 2019-seisoen vir indiening van die jaarlikse EMP501-rekonsiliasies is deur die Suid-Afrikaanse Inkomstediens (SAID) uitgestel vanaf 1 April na 17 April 2019. Die […]
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 […]
April 24, 2019

TAXPAYERS’ RIGHT TO HAVE DISPUTES RESOLVED

In a recent Tax Court decision[1], the Tax Court confirmed that taxpayers have a right to have their disputes resolved in a court of law as […]
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