January 16, 2023
January 16, 2023
What happens to the VAT that was paid over to SARS? Vendors often provide goods or services to clients on credit. In the current economic climate, […]
March 23, 2022
March 23, 2022
Motor dealers may in certain instances pay an amount to a customer for a second-hand vehicle over the generally accepted trade-in market value reflected in the […]
July 21, 2021
July 21, 2021
All value-added tax (VAT) vendors that have gone through a VAT verification from the South African Revenue Service know how frustrating the delays on input VAT refunds can be […]
March 19, 2021
March 19, 2021
Companies are often faced with the dilemma where employees are employed in one group entity, but another group entity pays the salaries of those employees. This […]
February 24, 2020
February 24, 2020
Farming is a qualifying activity under the Diesel Refund Scheme. Most farming enterprises will qualify to be registered for the Diesel Refund Scheme. The person carrying on the farming enterprise […]
October 12, 2018
October 12, 2018
Since it is illegal to issue more than one tax invoice per taxable supply, and another tax invoice may not be issued to alter any consideration […]
September 12, 2018
September 12, 2018
While there is currently a focus on the income tax considerations of bad and doubtful debts (given that National Treasury has proposed changes to section 11(j) […]
August 8, 2018
August 8, 2018
South African businesses are exposed to foreign currency transactions on a daily basis, which invariably cause practical issues around the appropriate foreign exchange rates to be […]
June 5, 2018
June 5, 2018
In terms of section 4 of the South African Revenue Service (SARS) Act,[1] one of the objectives of SARS is to secure the efficient, effective and […]