January 11, 2018
January 11, 2018
Despite the fact that SARS has upheld their philosophy of education, service, and thereafter enforcement, they have noticed an increase in taxpayers not submitting their tax […]
June 15, 2017
June 15, 2017
According to the South African Revenue Service (SARS), South Africa has a residence-based tax system, which means residents are, subject to certain exclusions, taxed on their […]
April 19, 2017
April 19, 2017
In a bid to encourage financial support for entrepreneurs (or so-called ‘angel investing’), National Treasury introduced section 12J of the Income Tax Act, 58 of 1962. […]
November 7, 2016
November 7, 2016
The ‘pay now, argue later’ rule contained in section 164 of the Tax Administration Act, 28 of 2011, requires taxpayers to pay any tax debts due […]
October 24, 2016
October 24, 2016
How long must I keep my tax records? When can I throw old tax-related documents away? What happens if SARS request supporting documents and I don’t […]
October 24, 2016
October 24, 2016
Dividends received by a South African taxpayer are generally exempt from income tax. The major exemption though being dividends received from so-called REITs (these being some […]
July 14, 2016
July 14, 2016
The Office of the Tax Ombud was established by the Tax Administration Act, 28 of 2011. In particular, sections 15 to 21 of that Act set […]
April 28, 2016
April 28, 2016
Section 37 of the Tax Administration Act, 28 of 2011 (‘the Admin Act’) requires taxpayers to report a transaction which would qualify as a ‘reportable arrangement’. […]
August 26, 2015
August 26, 2015
Under normal circumstances SARS will allow a taxpayer to carry forward the previous tax year’s assessed loss and set it off against the current tax year’s […]