September 17, 2018
CIPC recently decided that all companies who are subject to an audit must file their Annual Financial Statements in iXBRL format. XBRL will make it easier […]
August 27, 2018
Being selected for an audit and being selected for verification are two different processes. Verification: Once you have submitted your return, it could be selected for verification. A […]
August 27, 2018
Section 6A of the Income Tax Act[1] provides for a medical scheme fees tax credit (“MTC”), or rebate, which reduces the amount of income tax payable […]
August 27, 2018
Levied at 0.25% of the value of shares transferred,[1] the securities transfer tax (“STT”) is a tax often neglected and forgotten. Introduced in 2008, the tax […]
August 27, 2018
With the 2018 tax-filing season for individuals in full swing, it is worthwhile looking at a common misconception regarding the determination of capital gains tax for […]
July 16, 2018
You have worked hard for many years, and have finally saved enough funds and mustered the courage to take the big leap that you have been […]
July 16, 2018
The South African Income Tax Act contains a number of rules which give rise to onerous tax consequences where a taxpayer’s debts owing is forgiven. These […]
July 16, 2018
Our clients who earn only a salary will know that very few tax deductions are available against salary income for income tax purposes and whereby they […]
July 16, 2018
The South African Revenue Service (SARS) recently published a media release to clarify the confusion about the customs requirements for South African travellers returning from abroad […]
June 22, 2018
A popular question which comes up during a consultation with a client when the drafting of commercial documents is discussed is, “what is the effective date […]