Tips for tax season from TaxTim

The start of the tax season is fast approaching on 1 July 2013. Submitting a tax return is a source of stress for many as taxpayers must navigate pitfalls and potential penalties. However, there is light at the end of the tunnel, since SARS, tax practitioners and online services such as TaxTim are ready to lend a hand throughout the process. 13 Jun 2013 11:36

SARS urges taxpayers to check their tax practitioners

All taxpayers are strongly advised to ensure that the tax practitioner they choose is compliant and registered with a recognised controlling body, otherwise they could face a nasty surprise come the opening of the 2013 tax filing season on 1 July. 12 Jun 2013 15:25

South Africa renegotiates double tax agreement with Mauritius

[Ernest Mazansky] The much-anticipated renegotiated double tax treaty with Mauritius was recently signed and disclosed to the public. The new treaty, which is expected to come into effect in 2015, will impact on several existing tax structures. 12 Jun 2013 14:36

Tolling boosts economic growth, business - SANRAL

The South African National Roads Agency (SANRAL) claims tolling makes transport easier, boosts economic growth and individual businesses and also makes travelling much more pleasant for private citizens. 11 Jun 2013 05:39

Africa must implement open skies policy

[Nicky Smith] Improving safety‚ cutting fuel taxes and liberalising regulation to allow for greater connectivity between African countries are some of the key issues that must be tackled to boost aviation on the continent‚ International Air Transport Association's chief executive Tony Tyler said on Tuesday, (4 June) 5 Jun 2013 10:54

Government urged to drop carbon tax

[Linda Ensor] Opposition parties on Tuesday (4 June) urged government not to proceed with its proposed carbon tax‚ because of its negative impact on SA's growth rate and the minimal impact it would have on global emissions. 5 Jun 2013 09:58

Small business corporations and the Income Tax Act section 12E

Section 12E of the Income Tax Act (Act No. 58 of 1962) provides a dispensation for small business corporations. However, certain definitions, and the nature and purpose of the section, have led to some confusion amongst taxpayers. 1 Jun 2013 12:10

PwC's warning over taxation risks

[Evan Pickworth] Business leaders cannot afford to ignore the growing reputational and strategic risks they face as aggressive tax planning moves firmly up the list of priorities of governments and regulators, according to a global tax report by PricewaterhouseCoopers (PwC). 30 May 2013 11:27

Cash draining from Pistorius' account

[Quinton Mtyala and TJ Strydom] Oscar Pistorius is haemorrhaging money four months after he fired the fateful shots that killed his girlfriend, Reeva Steenkamp and sent his life into a tailspin. 28 May 2013 11:07

Africa must make better use of resources

[Mariam Isa] Africa's agricultural‚ mining and energy resources could be better used to boost the continent's pace of economic growth and pave the way for a breakthrough in human development‚ according to a report released on Monday (27 May). 28 May 2013 10:31

Carbon taxes will hurt property owners

[Nick Hedley] The government's plan to implement carbon taxes from 2015 could contribute to the already high administered prices facing the commercial property sector. 28 May 2013 09:34

Calls to leave inquiry to professionals

The long-awaited inquiry into the private health care industry will finally begin in the second half of the year, following the publication of the terms of reference by the competition commission. 24 May 2013 11:46

Plans to improve UIF benefits for workers

[Linda Ensor] There is scope for the Unemployment Insurance Fund (UIF), which has R82bn in accumulated assets‚ to improve the benefits for workers‚ the UIF commissioner Boas Seruwe said on Thursday (23 May). 24 May 2013 11:27