September 27, 2016

Personal service companies

Natural person taxpayers who earns a salary have very few items of expenditure available to them which they may deduct for income tax purposes (section 23(m) […]
September 27, 2016

Request for suspension of payment

The ‘pay now, argue later’ rule contained in section 164 of the Tax Administration Act, 28 of 2011, requires taxpayers to pay any tax debts due […]
August 31, 2016

Nuwe wet teen taksmisbruik met trusts

Deur Nico van Gijsen 22 Augustus 2016 Die dae van die deurvloeibeginsel misbruik om belastingverpligtinge te verminder is verby. Neem dus kennis van die voorgestelde artikel […]
August 31, 2016

Registering for provisional tax

Many taxpayers file their tax returns on an annual basis unaware thereof that they may be regarded as provisional taxpayers in terms of the Income Tax […]
August 31, 2016

Proposed tax amendments for venture capital investments

The latest round of legislative amendments proposed by National Treasury and released for public comment on 8 July 2016 contains a welcome concession for taxpayers looking […]
August 31, 2016

New proposed tax amendments

National Treasury releases proposed amendments to tax legislation on an annual basis. Some of the most important of these are already foreshadowed when the Minister of […]
July 27, 2016

Financial assistance by companies to issue shares

Section 38 of the Companies Act, 61 of 1973 (now repealed) contained a prohibition against companies issuing shares to prospective shareholders on loan account.  This was […]
July 27, 2016

Threshold registration requirement for the skills development levy

We have recently become aware of an increased level of audits being conducted by the South African Revenue Service in relation to taxpayers’ obligations in terms […]
July 27, 2016

Is the buyer of an immovable property responsible for paying the seller’s outstanding municipal account?

Municipalities are required to issue rates clearance certificates without which a property cannot be transferred from a seller to a buyer. The rates clearance certificate certifies […]
July 27, 2016

The 2016 Tax season is open

As is the case every year, the Commissioner for SARS recently published the annual notice to officially ‘open’ the 2016 tax season. Individuals are now able […]