Taxation South Africa

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Business

IT has a crucial role to play in the fight against money laundering

The highly publicised debacle of Angelo Agrizzi and six others, who were recently charged with money-laundering and fraud, has brought these issues into the spotlight in South Africa...

By Anusha Singh 15 Apr 2019

Tax and the ethics of paying back the money

Companies can't just pretty up their board of directors with figure heads, appointed for their reputation and the contacts that they will bring to the particular organisation...

By Jerry Botha & Jonathan Goldberg 15 Apr 2019

The cost of failing to notify authorities of mergers

The Competition Commission has sought to provide some guidance regarding the notification and implementation of mergers by publishing Guidelines for the determination of administrative penalties for failure to notify mergers and implementation of mergers contrary to the Competition Act...

By Burton Phillips 11 Apr 2019

Expect delays as Sars migrates electronic services hosting platform

The South Africa Revenue Service (Sars) has warned taxpayers to expect delays on some of its electronic services during its migration to a new hosting platform...

10 Apr 2019

How did loadshedding impact the fiscus?

While a diesel shipment arrived and provided relief to the dire stage 4 loadshedding in South Africa last month, this may be short-lived if the boiler tubes are not repaired by the time the diesel is burnt by the open-cycle gas turbines...

9 Apr 2019

Verification vs tax audits - Sars must give notice of both

It's that time of the year.... When we all have the tedious task of gathering documentation and tax certificates and ensuring we are compliant with Sars. But once it's done, it is a huge weight off individuals and companies' shoulders...

5 Apr 2019

Property investment: How to make your tax returns work in your favour

Through wise investment and managed expenditure, property investors can reduce the amount of money owed to the South African Revenue Service (SARS), explains Craig Hutchison, CEO of Engel & Völkers Southern Africa...

3 Apr 2019

Sars tax collection falls short by R14.6bn

The South African Revenue Services (Sars) has collected an amount of R1.28trn for the 2018/19 financial year, a R14.6bn deficit from the R1.3trn targeted in the 2019 Budget estimate...

2 Apr 2019

Updated titles provide useful start for 2019 financial planning decisions

The new year brings new opportunities for success, but sound financial decisions require a big picture view and understanding of the South African financial planning and regulatory environment...

Issued by LexisNexis 1 Apr 2019

Edward Kieswetter named new Sars commissioner

President Cyril Ramaphosa announced that former SA Revenue Service (Sars) deputy commissioner Edward Kieswetter has been appointed as the new commissioner for Sars...

28 Mar 2019

Cooperation and economic growth in Africa

Africa must prioritise domestic revenue mobilisation to triple growth and meet its development goals and targets over the next few decades...

28 Mar 2019

Proposed zero-rating of sanitary towels (pads) a slightly hollow victory for SA women - here's why

During the medium-term budget in October 2018, the minister of finance announced that sanitary towels (pads) will be included in the list of those items that are zero rated for VAT purposes...

By Kagiso Nonyane 28 Mar 2019

As if an audit isn't bad enough, Sars can make you pay for it too

For those who have been subjected to a Sars audit, it may be hard to imagine a reality where this experience can be any more agonising...

By Jean du Toit 27 Mar 2019

Rwanda's economic growth has given its strong state even more power

Rwanda has emerged as a model for economic development. The country has taken great strides just 25 years since its horrific genocide...

By Marie E Berry & Laura Mann 27 Mar 2019

In the news

Taxation & Regulation News South Africa