What you should know about objecting to VAT penalties
Meanwhile, a change in the VAT registration process may inconvenience taxpayers.
South African Revenue Service
Videos
Watch: MBSE launches RE training for FAIS representatives
Watch: FPI Financial Planner of the Year on key issues shaping the financial landscape
Animated video explains the two-pot retirement system
NCA Credit providers’ FICA obligations
NCR Desktop Audits
Is South Africa on track to getting off the grey list?
Looking back at this year’s FPI Professional’s Convention
Enhance your HR skills by attending our insightful webinars in November
Webinars on how to investigate misconduct and address poor performance
New tax clearance process for emigration and remittance of funds abroad
‘The new process comes down to more detailed and targeted requests for information regarding exit capital.’
More, mostly positive, changes to enhance the alternative dispute resolution process
Questions remain whether the automation of certain procedures will have the desired results.
Treasury publishes draft legislation on renewable energy tax incentives
Grey areas remain when it comes to the rebate for residential solar panels.
Solar installers to join Sars’s list of third-party data providers
Sars will not only be able to verify who qualified for the rebate, but also who had the money to instal solar panels.
Beneficial practices for taxpayers and tax practitioners remain … for now
They concern two deductions: non-business-related interest expenses and fees paid to tax practitioners for completing tax returns.
How the expanded section 12B allowance may benefit businesses
A taxpayer who generates renewable energy for the purpose of trade should qualify for the allowance.
A deeper look at the solar panel tax incentive for individuals
There are a number of grey areas that the draft legislation will (hopefully) clarify.
Trusts are facing a multitude of new reporting requirements
Trustees will have to report directly to Sars, outside of the current trust tax return process, and before the trust tax return is due.
South Africans want ‘the rich’ to pay more tax, survey finds
In a country where only about 12% of the population is carrying the personal income tax burden, who exactly are ‘the rich’?
Sars launches service channel for taxpayers who aren’t connected to the internet
The Unstructured Supplementary Service Data feature is free of charge.
Food manufacturers face challenges in qualifying for a diesel refund
And the definition of ‘manufacturing premises’ means businesses that make and sell food in the same building are excluded.
New rules for resolving tax disputes with Sars are now in effect
Among other things, the new rules provide for 80 days to submit an objection and more independence for an alternative dispute resolution facilitator.
Grey-listing: what you can expect when transacting with foreign institutions
An outbound money transfer may now take much longer than a week or two.
Thursday briefing: a round-up of recent financial services news
New limits for allowances | Grey-listing will last ‘for years’ | Grey-listing, blackouts ‘eroding SA’s status’ | Rand manipulation case.
Requirements for claiming a tax deduction for charity donations amended
Sars publishes a list of the additional information that must be included on the receipt.
Monday briefing: a round-up of recent financial services news
UT managers fight for market share | Coronation faces huge tax bill | MyMo accounts scandal | Insurance fraud | Discovery’s interim profits
