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If SARS is not satisfied with the estimate prepared by the taxpayer, the first provisional tax payment will be queried.

SARS recently published a first bash of legislation to be included in the Revenue Laws Amendment Bill to be promulgated later this year. In this context the following amendments are relevant:

One of the welcome announcements by the Minister of Finance in his budget speech delivered in February this year, pertained to a potential further relaxation...

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...

The South African Revenue Service ("SARS") assessed the taxpayer for employees' tax for the period 1 March 2003 to 29 February 2008 in terms of the provisions of the Fourth Schedule to the Income Tax Act No. 58 of 1962 ("Act").

Is there any legislation that governs the nature, amount or manner or frequency of payments of royalties or other fees or costs (including interest on late payments) in an international licensing relationship, ...

On 28 March 2011 SARS issued a draft interpretation note (DIN) regarding the application of section 9C of the Act, the so called "safe haven" provision on shares.

On 19 July 2017, the South African National Treasury released the 2017 Draft Taxation Laws Amendment Bill ("draft TLAB") for public comment.

The Tax Administration Bill is an incorporation of generic administrative provisions contained in various pieces of tax legislation; and has been branded as a step towards the re-drafting of the Income Tax Act.

On 20 December 2021, the Anti-Global Base Erosion ("GloBE") Rules were released by the OECD.

The definition of headquarter company was introduced as section 9I of the Income Tax Act No. 58 of 1962 with effect from the commencement of years of assessment commencing on or after 1 January 2011.

The Act clearly sets out the tax implications arising in respect of a distribution by a company that constitutes a dividend.

The taxpayer sought an order declaring that section 34(2) of the Amending Act is inconsistent with the Constitution, and invalid to the extent that it provides that section 44 (9A) of the Act shall be deemed...

When a taxpayer is required to respond to the South African Revenue Service ("SARS") pursuant to a request for information or an audit being conducted into their affairs, in general two issues may arise, namely (1) uncertainty as to the time period prescribed by when the taxpayer must respond or supply the requested information to SARS and (2) the question of how such time period is to be determined.

To the relief of many South Africans, the 2020 budget speech has gone against the grain of many speculators who anticipated VAT, corporate and income tax increases.

South Africa imposes taxes on worldwide income of residents.

It is clear that harm would be caused to SARS if a taxpayer realised a capital loss and that capital loss is set off against a capital gain in such year of assessment.