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In order to register as a Public Benefit Organisation ("PBO") with the South African Revenue Service ("SARS"), an organisation must comply with a number of provisions, set out in section 30 of the Income Tax Act No 58 of 1962 ("the Income Tax Act").

There are a number of considerations when relocating to another country that involve much more than a mere physical departure and the taking up of permanent residence in a foreign country.

As a business owner, staying abreast of ever-changing tax regulations can feel like navigating a labyrinth. However, failing to comply with the South African Revenue Service (SARS)...

South African residents are taxed on their worldwide income. In particular, the Income Tax Act includes in "gross income" any amount received or accrued that is not of a capital nature.

The South African Revenue Service introduced a new streamlined process primarily geared towards the single registration of a taxpayer across applicable tax types.

On 12 May 2025, the Supreme Court of Appeal ("SCA") delivered a notable judgment clarifying the treatment of tax liabilities and Value Added Tax ("VAT") refunds in the context of business rescue proceedings.

Over the past few years the Courts have become increasingly intolerant of arrangements that are designed to look like legitimate commercial transactions but which are in fact complicated ruses by which the parties collude to secure a tax advantage.

South African Revenue Service (SARS) is empowered to raise an original, additional, reduced or jeopardy assessments.

BPR268 deals with the tax implications of an arrangement that is aimed at correcting previous errors by a taxpayer.

Sections 8F and 8FA contain re-characterisation rules relating to hybrid debt instruments and hybrid interest.

Financing transactions often involve the capitalisation of interest, i.e. adding unpaid interest to the principal loan amount

These assess in detail a country's efforts to address climate change in detail and are also useful for policymaking.

The deductibility of interest has for years been a contentious issue and this has been reaffirmed with the introduction of section 23M into the Income Tax Act No 58 of 1962 (the "Act") with effect from 1 January 2015.

The timing of disposals of assets and the resulting accrual of the proceeds have been contentious aspects over the years.

In South Africa, registering for taxes is processed through the South African Revenue Service (SARS). The body is also responsible for tax collection.

The definition of gross income, as defined in section 1 of the Income Tax Act, 58 of 1962 ("the Act"), specifically excludes an amount, received or accrued to a person, which is capital in nature.

The 2017 South African Budget Review, published on 22 February 2017, contained several statements that may be of interest to pension funds, their investment managers and administrators.