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For financial year-end purposes, taxpayers consider the tax provisions as part of the company's financial position and how this will be disclosed in their annual financial statements

A capital allowance represents the portion of capital investment costs a business can deduct from its income under the Income Tax Act.

In the construction industry, the imposition of penalties plays a crucial role in enforcing timely project completion.

The idea is for risk detection, assessment and profiling to be largely automated for standard matters, whilst manual risk profiling and case selection are reserved for complex matters.

The increase in the VAT rate from 14% to 15% was arguably the biggest announcement in the 2018 Budget Review from a tax perspective. This change in VAT rate will impact consumers directly ...

In terms of the Income Tax Act, the following donations are exempted.

In a recent Court Case at the North Gauteng High Court, a judgment handed down confirmed that Citibank South African branch is required to pay VAT in respect of the employees seconded from its offshore related parties ...

In recent times South Africa’s mining industry has been subject to much uncertainty which contributed towards the fall in share prices, decrease in offshore investor confidence and which also gave rise to a weaker Rand.

Section 11D of the South African Income Tax Act (the "Act"), makes provision for a tax incentive scheme, commonly referred to as the Research and Development (R&D) tax incentive.

South Africa's Income Tax Act is almost 50 years old and has been amended countless times to keep it abreast of developments in modern commerce.

What we have seen now is increased scrutiny of credit notes for compliance with the VAT Act.

In difficult economic times, debt capitalisation may afford companies some room to improve their financial position.

The South African Revenue Service has extensive powers in terms of the Tax Administration Act No. 28 of 2011.

From time to time, listed companies unbundle shares to their shareholders.

The obligation to make payment by a taxpayer of an assessment is not suspended merely because that taxpayer intends on disputing such assessment

Public Benefit Organisations (PBOs) and Non-Profit Organisations (NPOs) are often used interchangeably and is a common source of confusion, especially when dealing with their respective tax obligations and regulatory frameworks in South Africa.

Warranties and indemnities are mechanisms to ensure trust between contracting parties. It is the proof in the proverbial pudding and aims to provide that a party to a contract does what they say they will.