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Who is obliged to report a reportable arrangement?

The list of reportable arrangements was extended by the South African Revenue Service in a notice (SARS Notice) published on 16 March 2015 in terms of s35(2) and s36(4) of the Tax Administration Act, No 28 of 2011 (TAA)...

By Ben Strauss 14 May 2015 13:12

Tax laws are not in line with growth in digital economy

Charles de Wet, head of Indirect Tax, PwC Africa, says South Africa's tax laws have not kept pace with the growth of the digital economy and changes in the way in which business is conducted...

14 May 2015 11:01

Suspended SARS deputy commissioner Ivan Pillay resigns

The South African Revenue Service (SARS) released a terse statement early on Wednesday, 6 May, confirming the resignations of suspended deputy commissioner Ivan Pillay and head of strategic planning and risk Peter Richer with "immediate effect"...

11 May 2015 11:55

MPs given until 30 June to declare private interests

The Joint Committee on Ethics and Members' Interests has given Members of Parliament (MPs) until 30 June 2015 to declare their financial and other private interests for this year...

7 May 2015 14:02

Financial transactions reportable to SARS

Certain financial transactions meeting the requirements set out in section 35 of the Tax Administration Act, 2011 are reportable to the South African Revenue Service (SARS) by the promoter or person who derives a tax or financial benefit from the arrangement...

7 May 2015 09:03

Inflation set to rise as maize crop wilts

The maize crop volumes that SA will produce this year have been revised slightly upwards, but the country will still need to import and food prices could rise at a faster pace as a result...

By Ntsakisi Maswanganyi 4 May 2015 12:35

SARS spy unit 'was a waste of money'

The South African Revenue Service (SARS) advisory board, formed in February to look into governance issues at the tax agency, confirmed on Wednesday, 28 April, that its establishment of a "secret unit" in 2007 was unlawful and all monies spent on it was "wasteful and fruitless expenditure"...

29 Apr 2015 13:47

Application to amend statement of grounds of assessment denied

Judgment was delivered by the Tax Court in the matter between ABC (Pty) Ltd v Commissioner for the South African Revenue Service (SARS) on 8 December 2014. The matter concerned, among other things, an application by SARS to amend its statement of grounds of assessment...

By Heinrich Louw 29 Apr 2015 13:05

Tour packages are subject to VAT

The Cape Tax Court recently held that tour packages supplied by local tour operators (TO's) to foreign tour operators (FTO's) are subject to VAT at the standard rate and not the zero rate...

By Chris Eagar 29 Apr 2015 10:49

Impact on British expats if Labour Party wins election

Many of the estimated seven million British expats worldwide, including more than 200,000 in South Africa, could soon be tempted to drop their UK domicile status in favour of a foreign one if the Labour Party wins the UK general election on 7 May...

22 Apr 2015 13:43

SAICA, IRBA issue guidance on section 90 of Companies Act

A document that provides guidance to registered auditors and chartered accountants on the application of section 90 of the Companies Act, 71 of 2008 has been issued by the Independent Regulatory Board for Auditors (IRBA) and the South African Institute for Chartered Accountants (SAICA)...

21 Apr 2015 07:50

Constitutional Court judgement altered operation of in duplum rule

On 24 March 2015, the Constitutional Court handed down judgement in the case of Paulsen and Another v Slip Knot Investments 777 Proprietary Limited [2015] ZACC 5, which has altered the position of our law for the past 17 years in relation to the operation of the in duplum rule...

By Aarthi Ramdhin and Byron Nicol 15 Apr 2015 08:41

All South Africans have a vested interest in tax compliance

Everyone has a vested interest in tax compliance. The South African Revenue Services (SARS) has engaged in a five-year tax compliance programme spanning the tax years 2012/2013 to 2016/2017...

By Ilse Groenewald 10 Apr 2015 09:08

Too much regulation?

Some pundits maintain that our fresh produce markets are over-regulated. I confess that I cannot make up my mind on the issue...

By Mike Cordes 10 Apr 2015 08:30

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Senior Tax Administrator
Cape TownC2M Chartered Accountants Inc

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