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Will SA’s 183-day tax exemption rule be overturned?

On 18 August, the window period to submit public comment on the South African Revenue Services (SARS) and National Treasury’s amended draft tax law proposal to overturn the 183-day tax exemption rule, closed. “Therefore, South African tax resident employees working outside South Africa (SA) in low-tax or tax-free jurisdictions like Mauritius, Singapore, Cayman Islands and […]

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Evergreen Lifestyles on retirement villages

SARS working hard to swing perception and collect taxes

The media recently reported that the October 2017 Medium Term Budget Policy Statement (MTBPS) could hold nasty surprises for taxpayers on tax collection shortfalls. There have also been rumours of state capture spreading into more parts of government. As a result, one should consider SARS’ accountability, writes Ferdie Schneider, National Head of Tax, BDO South Africa. (more…)

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Paul Leonard

Paying the taxman

By Paul Leonard CFP®, Regional Head: E Cape, Citadel. Tax season – the period during which you are required to submit your annual income tax return – started on 1 July and is now in full swing so I thought it would be interesting to look at how long we work for the taxman in […]

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Ruaan Van Eeden

SARS: Last opportunity for clients to disclose their offshore assets

The current Special Voluntary Disclosure Programme (SVDP) for the disclosure of information about assets held offshore, which ends on 31 August 2017, is more significant than previous disclosure initiatives, and financial advisors should encourage their clients with offshore assets to participate. (more…)

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budgettaxsq

TAX: Understatement penalties: what is a bona fide inadvertent error?

by Robyn Armstrong, Werksmans Attorneys. The Tax Administration Act No 28 of 2011 introduced the understatement penalty regime with effect from 1 October 2012. (more…)

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budgettaxsq

Tax transgressions and pitfalls

SARS is committed to stamping out tax crime in South Africa, according to Ilsa Groenewald, Associate Director for tax at the Durban office of BDO South Africa, the audit, advisory and tax firm. Here, she reviews tax morality, common transgressions, and pitfalls. (more…)

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Tax Season 2017 Now Open

Tax Season 2017 officially opened on Saturday, 1 July 2017 for eFilers, and today for branch filers. Taxpayers can now commence completing and submitting their 2017 personal income tax returns for the 2016/17 tax year. (more…)

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Renier Nell

Three steps to choosing the right tax practitioner

While the introduction of E-filing by the South African Revenue Service (SARS) has slightly eased the burden of taxpayers from making mistakes on their annual tax returns, just one error in entering information on your forms could still end up costing you – in the form of a larger tax bill or a smaller refund. […]

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