1,252 results found

Taxpayers are required to be fully compliant in all their tax matters by submitting and paying their taxes on time.

When establishing private equity funds targeting investments in Africa, South African fund managers are increasingly starting to look offshore.

We saw a significant policy shift in 2018 when the unfettered discretion of SARS to grant a doubtful debts allowance was eliminated, a process that involved a year-long interaction between SARS...

The judgment in Taxpayer Boerdery v CSARS, 20 March 2024, serves as a reminder that taxpayers should carefully consider the substance of an arrangement, rather than the form in which it is wrapped.

Shortly after the Finance Minister's budget speech, Khanyisa Cingo-Ngandu engaged in a thought-provoking discussion with Sipho Mhaga (SNG GT Customs ) and Professor Nyankomo Marwa (JBS Faculty), focusing on strategies to enhance South Africa's global competitiveness.

The South African Revenue Service (SARS) has significantly escalated its efforts to enhance tax compliance in the crypto sector by issuing tax notices and clarifying exchange control regulations.

The United Kingdom / Zambia Income and Capital Tax Treaty (2014) entered into force on 20 July 2015 and will generally apply from 1 January 2016.

In terms of section 64E(1)(a) of the Income Tax Act 58 of 1962 ("the ITA") dividends tax at a rate of 20% must be paid when a South African company declares and pays a dividend.

The Minister of Finance has proposed two amendments to the regulations which govern transfer pricing transactions between related entities as well as to the documentation requirements as outlined in ...

In recent years, SARS' has become increasingly litigious, resulting in disputes often ending up in the Tax Court or the High Court. Such a dispute will generally arise when a taxpayer...

Capital gains tax is imposed on any amount that a taxpayer becomes entitled to as a result of a disposal of an asset, whether this amount has been received in cash or not.

Tax litigators will now have to consider, inter alia, the impact of certain provisions under the Tax Administration Act No. 28 of 2011 as amended by the Tax Administration Laws Amendment Act No. 21 of 2012 on the doctrine of legal professional privilege and a recent judgment reflecting the view of a court with regards to the adherence to the rules of the Tax Court by the South African Revenue Service.

Struggling to pay a significant tax debt? Learn how a compromise works, what SARS requires and why timing matters if you are disputing an assessment.

In terms of the current Tax Court rules published under the Income Tax Act No. 58 of 1962, there was little that a taxpayer could do.

A summary of the proposal to employees' tax, proposed in the 2013 Draft Taxation Laws Amendment Bill.

Higher education institutions are navigating an increasingly complex tax landscape as they diversify revenue streams, expand internationally, and transform their operational models. From VAT complications on mixed activities to intricate employee taxation and global mobility challenges, universities face mounting compliance pressures that demand strategic attention and proactive management.

South Africa employs a residence-based tax system, entailing that residents are taxed on their worldwide income, subject to certain exclusions. Conversely, non-residents are taxed on their income...

As of the beginning of the 2023 filing season, SARS is now able to identify taxpayers who are married in community of property and can also retrieve...