SCA decision in CSARS v Spur Group

Opco claimed a deduction in terms of section 11(a) of the Act in respect of its contribution to the share incentive trust, which it spread over the vesting period in respect of the Newco shares held by its employees in terms of section 23H of the Act.


ENSafrica tax in brief

Below, please find issue 73 of ENSafrica’s tax in brief, a snapshot of the latest tax developments in South Africa.


ENSafrica tax in brief

The primary issue in the appeal was whether SARS (as it contended and the Tax Court held) was precluded from granting approval for use of the transaction count ratio by vendor in respect of the period 1 March 2014 to 29 February 2016.


Keep the Taxman in mind when liquidating

There are several tax considerations which need to be kept in mind by taxpayers where the business is in financial distress and is no longer able to operate, or once liquidation proceedings have commenced and compromises are entered into with creditors.


ENSafrica tax in brief

A company must submit its ITR14 tax return within 12 months of its financial year-end.