August 17, 2017
The transfer pricing regime in the Income Tax Act, 58 of 1962, is regulated by section 31 of that Act. It in essence requires that cross-border […]
August 17, 2017
Two significant rulings by SARS, both relating to non-executive directors’ remuneration, were published by SARS during February 2017. The rulings, Binding General Rulings 40 and 41, […]
August 17, 2017
The provisional tax regime operates as a continuous cash flow mechanism in favour of Government whereby tax on income earned is paid over provisionally in anticipation […]
August 17, 2017
According to the South African Revenue Service (SARS), South Africa has a residence-based tax system, which means residents are, subject to certain exclusions, taxed on their […]
August 15, 2017
It is an established principle that registered VAT vendors may claim a deduction for input tax on goods or services acquired for use in the course […]
August 15, 2017
The recent introduction of section 7C to the Income Tax Act[1] brought the taxation of trusts, and the funding thereof specifically, under the spotlight again. Briefly, […]
August 15, 2017
Year on year the personal income tax tables are adjusted and based on which individuals are taxed based on an increasing sliding scale based on their […]
August 15, 2017
A consideration of the tax consequences of interest free loans will be incomplete if not also considered in the context of interest free debt funding being […]
August 15, 2017
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
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. […]