Tax Masterclass: Private Clients (Video)

Interest is only deductible if incurred in the production of income and for purposes of carrying on a trade. This requires that the loan in respect of which the interest is paid and the trade/income...

Most taxpayers will be familiar with section 99 of the Tax Administration Act ("TAA"), namely the provisions which deal with the period of limitations for the issuance of assessments.

This edition of "Taxes and Incentives for Renewable Energy" describes current incentives to promote renewable energy from wind, solar, biomass, geothermal and hydropower.

The Commissioner for the South African Revenue Service recently published a Draft Interpretation Note on the allowance of future expenditure on contracts in terms of section 24C of the Income Tax Act 58 of 1962.

The South African Revenue Service ("SARS") increased their audit activity and focus on the collection of tax.

In the 2012 Taxation Laws Amendment Bill, the long-awaited proposed amendments to sections 8E and 8EA of the Income Tax Act, No 58 of 1962, were published.

Value-Added tax ("VAT") is an indirect consumption based tax on goods and services in South Africa. VAT is currently levied on taxable supplies made by a vendor at a standard rate of 14%.

African nations are implementing sweeping tax reforms across multiple jurisdictions, from Angola's supplementary petroleum incentives and Nigeria's virtual asset taxation framework to Mauritius's digital marketplace VAT rules and the Democratic Republic of the Congo's mining royalty adjustments. These coordinated changes reflect a continent-wide effort to modernize revenue collection, expand digital taxation, and strengthen compliance mechanisms.

The 2025 Budget Speech introduces a range of measures that will impact individuals, businesses, particularly small and medium-sized enterprises (SMEs), providing both challenges and opportunities.

The most sweeping change to be introduced by the Tax Administration Act No 28 of 2011, as amended is the new, consolidated penalty regime.