NEWS & UPDATES
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Renewable Energy Incentive
The 2023 Budget provides tax relief totalling R13 billion to…
The Multi-lateral Instrument’s effect on dual resident entities
South Africa ratified the ‘Multi-lateral Instrument’ (‘MLI’) effective 1 January 2023. The…
Penalties on provisional tax and what you need to know
It is almost time for the annual provisional tax returns…
IMPORTANT: PROVISIONAL TAXPAYERS
The second provisional tax estimate for the 2023 tax year…
Provisional Taxpayers
What is provisional tax? Provisional tax is a mechanism for…
SOUTH AFRICAN EXCHANGE CONTROL AND INDIVIDUALS
It is a new year with new opportunities and challenges….
When do you have to register as a VAT vendor and levy VAT on your supplies? – Copy
Every person who conducts an enterprise and makes taxable supplies…
VAT Compliance
SARS will allocate a VAT category to the vendor when…
Types of supplies for VAT purposes
The type of supply made by the vendor determines the…
Types of supplies for VAT purposes
The type of supply made by the vendor determines the…
VAT Compliance
SARS will allocate a VAT category to the vendor when…
When do you have to register as a VAT vendor and levy VAT on your supplies?
Every person who conducts an enterprise and makes taxable supplies…
What is Value-Added Tax?
Value-Added Tax (“VAT”) is a destination-based-consumption-type tax. It means that…
HOW DO I CEASE TO BE A TAX RESIDENT OF SOUTH AFRICA?
Determining how you cease to be a tax resident of…
Deemed disposal with ceasing to be a resident
Where a person ceases to be a tax resident in…
SA tax residents need to disclose worldwide income
South African tax residents (such as natural persons, companies and…
DID YOU RECENTLY SELL YOUR PROPERTY?
Here is what you need to know…the capital gain realised…
Medical Tax Credits
Taxpayers are entitled to two medical credits: A credit on…
Retirement Annuity fund Deduction
The Income Tax Act provides for a deduction made to…
Administrative non-compliance penalties 
Administrative non-compliance penalties are typically levied where a taxpayer had…
Travel Allowance tax deductions 
A travel allowance, in terms of section 8(1)(b) of the…
A commission earner – claiming expenses
The position for commission earners is similar to that of…
DO YOU EARN RENTAL INCOME?
If you are an individual and rent out a property…
Auto assessed by SARS? Here’s what you need to know…
Since 2020, SARS has made it easier for taxpayers to…
TAX SEASON 2022 – TAX DEDUCTIONS FOR YOUR HOME OFFICE
In 2021 many salaried employees submitted claims for their home…
AGGRIEVED BY YOUR TAX ASSESSMENT?
A taxpayer aggrieved by their tax assessment issued by SARS…
TAX SEASON 2022
WHO MUST SUBMIT AN INCOME TAX RETURN: SA Residents: Every…
FINALISATION OF YOUR ASSESSMENT
Generally, an assessment is issued immediately upon the submission of…
AMALGAMATION OF TWO ENTITIES RESULTING IN ROLLOVER RELIEF PROVISIONS
Both the Income Tax Act (“ITA”) and the Companies Act…
RETAINING ASSETS TO SETTLE DEBT AS PART OF A LIQUIDATION DISTRIBUTION TRANSACTION
In terms of section 47, a resident company (the “liquidating…
AUTOMATIC APPLICATION OF INTRA-GROUP TRANSACTIONS
It is often the case that South African companies transfer…
TAX QUARTERLY IN REVIEW
Tax-QuarterlyDownload