05/19/2022
The Financial Action Task Force has warned South Africa that it needs to improve the prosecution of financial crimes in the country if it wants to avoid the list and join the likes of the Cayman Islands, Panama and Morocco.
05/18/2022
Governor of the Reserve Bank Lesetja Kganyago said Ubank has had significant challenges over the years.
05/16/2022
These different sources of income are added together at the end of the tax year to calculate the correct tax that must be paid.
05/15/2022
Expatriates will need to show proof of their non-tax residency and compliancy status.
04/22/2022
Transfer Pricing (TP) principles have always been firmly in place but have recently been formalised with legislation.
04/18/2022
Additional recommendations that appear to be aimed at ensuring consistency with the HNWI Unit include provisional taxpayers with business interests now being required to submit their assets (at cost) and liabilities in their tax filings each year.
04/13/2022
Having signed the Paris Agreement in 2016, South Africa has undertaken to reach a goal of net-zero carbon dioxide emissions by 2050.
04/13/2022
The relevance of which provision should apply in relation to the timing of the tax event is that, in terms of section 8C the tax event occurs when the “equity instrument” is deemed to vest
04/11/2022
Our current international reputation does not help.
04/06/2022
The IRBA is a statutory body established in terms of the APA.
04/04/2022
The president cautioned that SARS will be ramping up its capacity to target those taxpayers who are not compliant.
03/20/2022
SARS intends to go after ‘unexplained wealth’, and has proposed that all provisional taxpayers with assets above R50 million be required to declare specific assets and liabilities at market values in their 20203 returns.
03/09/2022
To begin with, the DTT with China, in its article 7, adopts the functionally separate entity approach.
03/04/2022
Higher tax revenues mean a country is able to spend more on improving infrastructure, health, and education – keys to the long-term prospects for a country’s economy and people.
02/17/2022
“We already have two VAT rates, so it is theoretically possible to have two-five different rates depending on the types of goods or services purchased,”
02/17/2022
Civil rights groups and academics have been calling for a permanent basic income grant.
02/08/2022
Present at the Public Hearing of the House of Representatives Committee on Finance were officials from CITN, Institute of Chartered Secretaries and Administrators
02/06/2022
The order stipulates that the operating income of an investor or developer that has been approved as an SEZ licensed business will be taxable
01/26/2022
Big drop in tax collections in South Africa
Income from salaries, wages and other remuneration as well as pension, overtime and annuities accounted for 91.6% of total taxable income.
01/25/2022
Finance minister Enoch Godogwana has previously indicated that any SRD extension would be contingent on further upsides to the country’s revenue performance.