TAX FLASH: SARS Auto Assessments
Over the last several days, many taxpayers would have received…
Treasury publishes draft legislation for COVID-19 tax relief measures
Following the announcement by Pres. Ramaphosa on 23 March 2020 of the national lockdown to be put in place and which is still observed by South Africa, National Treasury has released a draft explanatory memorandum on Sunday 29 March to further clarify the economic relief measures announced by Pres. Ramaphosa. These measures are intended to provide tax relief to qualifying businesses in the short-term period.
Tax Flash 2019 – The Reckoning of Days
We were recently involved in a Tax Court case involving…
Tax Flash 2019 – Valuation of trading stock
In calculating the cost of sales of taxpayers for income…