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The notice was issued in terms of s69 of the Income Tax Act, No 58 of 1962, which section has been superseded by s26 of the Tax Administration Act, No 28 of 2011 (TAA).

Section 24J of the Income Tax Act, 1962 (the "Act") is one of the more complicated sections of the Act.

The 2021 budget speech, which was delivered by the Minister of Finance on 24 February, hit the right notes in preferring economic growth over raising taxes as a means to increase tax revenue.

With the recent announcement of the intention to introduce a uniform tax withholding rate of 15% for dividends, interest and royalties, the reduction of these taxes by foreign investors into South Africa will be an increasingly prominent feature in planning inward investment.

Since the introduction of dividends tax in 2012, in particular the company to company exemption, taxpayers have employed a number of methods to convert taxable proceeds upon the sale of shares...

The concept of residency is a crucial determinant in establishing a person's tax obligations in South Africa.

Two Bills have recently been published in their final form, giving effect to the amendments announced in the Budget Speech last February. The most significant amendments relate to the decision to simplify the calculation of the taxable portion of lump sums from pension, provident and retirement annuity funds, and to reduce the tax burden on such sums.

The Pretoria Tax Court made an interesting ruling in Income Tax Case No 1866 75 SATC 268.

South Africa's diesel refund scheme has long provided fiscal relief to mining operations, but its legislative framework struggles to accommodate modern contractual arrangements like wet contracts and joint ventures. Recent Supreme Court of Appeal judgments and 2022 amendments are reshaping how mining companies can access these vital refunds, though significant gaps remain between commercial reality and legal requirements.

In the National Budget, tabled in Parliament on 27th February 2013, the Minister of Finance indicated that government was proposing several legislative measures during 2013/14 regarding trusts to curtail perceived tax avoidance associated with trusts.

The Tax Administration Act was enacted for the purpose of, ensuring the effective and efficient collection of tax by prescribing the rights and obligations of the taxpayer and other persons to whom the Tax Administration Act applies.

Due to the impact of the COVID-19 pandemic, many employers have seen an increased demand for international remote working arrangements. We have briefly touched upon...

In the recent case of KEN CC v CSARS, VAT2218 (VAT) [2023] ZATC CPT, the Tax Court (Cape Town) was tasked with deciding the dispute that had arisen between KEN CC (the "vendor")...

Treasury excludes duty rebates for goods damaged, lost or stolen due to robbery and theft. Adjustments in the Employee Tax Incentive Act aim to boost youth employment and clarification on ...

The South African Revenue Service (SARS) recently issued BGR 14 in respect of the VAT treatment of supplies made and received by short-term insurance companies. BGR 14 is scheduled to come into effect on 1 November 2013.

The question of whether VAT must be levied on costs that are on-charged often arises, particularly when no VAT was incurred on the cost in the first instance.

Small and start-up businesses are accordingly not required to register as vendors up until such time that such businesses' taxable income exceeds the R1 million threshold.

If you own property in Johannesburg, it's important to act fast. The extended deadline of 5 May 2023 to object to municipal property valuations is quickly approaching.