August 15, 2017

PROVISIONAL TAX ESTIMATES

Provisional tax effects all corporate taxpayers since it is the mechanism used to collect income tax during the course of the year. Provisional tax payments are […]
August 15, 2017

PRACTICE NOTE 31 IN THE SPOTLIGHT

The deductibility of interest for income tax purposes recently came under scrutiny in Mr X v CSARS,[1] and specifically the application of SARS’ Practice Note 31. […]
August 15, 2017

PAYE AND DIRECTORS’ (AND MEMBERS’) REMUNERATION FROM 1 MARCH 2017

Many would have noted reports in the national media that the Taxation Laws Amendment Act, 16 of 2016, was signed into law by President Zuma on […]
August 15, 2017

VAT CONSEQUENCES WHERE AGENTS ARE INVOLVED

A practical problem often encountered in the VAT context is when services or goods are supplied to and from VAT vendors via agents. (In this context, […]
August 15, 2017

APPORTIONMENT OF VAT INPUT CLAIMS

Section 17 of the VAT Act, 89 of 1991, governs the circumstances and the extent to which a registered VAT vendor may claim input tax to […]
August 15, 2017

ASSETS HELD AS SECURITY BY SARS WHEN A COMPANY IS BEING LIQUIDATED

The KwaZulu-Natal High Court previously granted an application brought by Van der Merwe and others (acting as liquidators) requiring the Commissioner for the South African Revenue […]
August 15, 2017

EXCHANGE CONTROL IMPLICATIONS FOR BRANCHING OUT

As globalisation becomes an increasing commercial factor, a great many of our clients also find themselves branching out their operations and activities beyond the borders of […]
August 15, 2017

VAT AND COMMON LAW THEFT

In Director of Public Prosecutions, Western Cape v Parker[1] the Director of Public Prosecutions (“DPP”) appealed a decision by the Western Cape High Court that Parker, […]
July 31, 2017

PROVISIONAL TAX ESTIMATES

Provisional tax effects all corporate taxpayers since it is the mechanism used to collect income tax during the course of the year. Provisional tax payments are based […]
July 31, 2017

FINANCIAL ASSISTANCE AND THE COMPANIES ACT

One of the more significant changes that the “new” Companies Act, 71 of 2008, brought about was that a company may now provide financial assistance to […]