Tag ArchivesSARS

VBS curator reduces costs of the Bank

Over the past months, the curator of VBS Mutual Bank, Mr Anoosh Rooplal, has had to reduce all non critical costs in an attempt to align cash inflows with the cash outflows. Cash expenses have been exceeding cash income earned by the mutual bank. (more…)

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Anne-Marie Pretorius, MD at consulting firm Bizmod

What SMMEs need to know about compliance

Large multinational companies have been dominating the news for all the wrong reasons lately. Anne-Marie Pretorius, MD at consulting firm Bizmod says that many of these organisations’ issues can be attributed to weak processes and inadequate corporate governance and compliance policies. (more…)

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Tim Mertens, the chairman of Sovereign Trust SA

Why you should inform SARS that you’re emigrating

A growing number of South African expatriates risk falling foul of local tax laws because they don’t understand the concept of financial emigration, and therefore don’t act on it. (more…)

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Tightening up on the offshore trust rules

By Ernest Mazansky, Head of Tax Practice, Werksmans Attorneys. (more…)

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Eric Madumo, Webber Wentzel

SARS prescription only starts once tax return has been submitted

By Eric Madumo, Candidate Attorney and Joon Chong, Partner at Webber Wentzel In the recent case of CSARS v Char Trade, the Supreme Court of Appeal (SCA) that prescription begins to run against CSARS when a return for secondary tax on companies (STC) is submitted to SARS by a taxpayer. (more…)

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Tertius Troost

The good and bad of proposed tax amendments for cryptocurrencies

  By Tertius Troost, Senior Tax Consultant at Mazars (more…)

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Tax and SARS – do you understand the understatement penalty behaviours?

By Esther Geldenhuys, senior associate at Werksmans Attorneys  (more…)

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Get a digital tax health score to help you pay less tax

TaxTim, which helps you to complete and file your tax returns online with the help of a digital tax expert called Tim, now offers a personalised tax health score report free which could help users pay less tax. The score is the result of an in depth automated analysis of an individual’s tax return. It […]

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