Tag Archivestax

Melissa Brink of Bravura

South African tax law and exchange control have different requirements

Melissa Brink, a Structured Solutions analyst at Bravura, an independent investment banking firm specialising in corporate finance and structured solutions, explains the importance of determining whether a natural person is a resident of South Africa. (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

Investors in unit trusts could expect more taxes

In the recently published draft Taxation Laws Amendment Bill (draft TLAB), Treasury appears to have taken a tough and inflexible stance in addressing the ongoing industry debate on the income tax treatment of disposal of assets within a Collective Investment Scheme (CIS) – commonly known as a unit trust. Unfortunately, it now seems as though […]

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budgettaxsq

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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budgettaxsq

No mission more important than stabilising and restoring SARS: Minister Nene

Government is seized with three objectives currently, Finance Minister Nhlanhla Nene said today. “They are to: a) Stabilise SARS; b) Restore the credibility of SARS; and c) Strengthen the capacity of SARS to collect revenue and meet revenue targets. In this regard, there are two processes currently underway. The first is the Commission of Inquiry into […]

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Jeremy-Burman1

Ten key questions to ask your tax practitioner

Many people are baffled by tax and often terrified by any mention of SARS and tax returns. (more…)

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Business Concept

SMEs – What You Need to Know About the VAT Rate Increase

For the first time in 25 years, South Africans were hit with a value-added tax (VAT) rate increase – from 14% to 15% – further increasing the cost of living for consumers and leaving them with less disposable income to support local small businesses. (more…)

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