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Welcome news for companies in business rescue
SARS’s discretion to write off temporarily an amount of tax debt while a company is subject to business rescue will be reviewed.
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
Read moreSARS’s discretion to write off temporarily an amount of tax debt while a company is subject to business rescue will be reviewed.
You can break tax residency via the SARS tax emigration process or annually via the application of a double taxation agreement.
Binding Class Ruling 88 provides guidance on what qualifies as a ‘generation asset’ and how the allowance applies to limited partners investing in solar PV energy assets.
A common misconception among influencers earning income from international sources is that payments from abroad are not subject to taxation in South Africa.
The suspicion that the third party’s vehicle contained material relevant to the taxpayer under investigation was sufficient for it to be searched, SCA finds.
The Budget Review suggests that National Treasury does not intend adjusting the tax brackets for at least another two years.
The commissioner says the Revenue Service has put measures in place to meet the revised estimate for revenue collection.
The summons is a result of SARS’s purported inability to collect taxes owed by former clients that were allegedly part of an international criminal syndicate.
The context to Treasury’s concern is where the arm’s length interest rate is lower than the official rate of interest.
National Treasury continues to toe the line between fiscal continuity, consolidation, and declining revenues amid an increasingly stagnant local economy.
Whether the objectives as set out in the Budget are achievable will be determined by the government’s political will to anchor expenditure and put resources to better use.
Danielle Luwes, tax director at Hobbs Sinclair Advisory, provides clarity on the process and benefits of section 18A donations.
Sars binding private ruling highlights the importance of regularly reviewing the nature of a preference share or an equity instrument.
The National Prosecuting Authority Amendment Bill will play a pivotal role in bolstering South Africa’s prosecution capabilities, says CDH’s Louis Botha.
All stakeholders emphasise the need to finalise the amendments to the Income Tax Act and the Pension Funds Act.
The Minister of Finance responds to the Standing Committee on Finance’s call for the implementation date to be moved to 1 March next year.