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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 3 days ago

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

Revised Carbon Tax Bill introduced to Parliament

Last week the minister of finance introduced the revised Carbon Tax Bill (Bill) to Parliament, which aims to give effect to South Africa's objectives and commitments to reduce greenhouse gas (GHG) emissions...

By Gillian Niven & Nirvasha Singh 2 Apr 2019

How do new VAT cross-border e-commerce rules affect suppliers?

The indirect taxation of cross-border e-commerce transactions have been high on the agenda for tax authorities worldwide. There is clearly a perception that much of these transactions are escaping indirect tax (essentially VAT) because the supplier and consumer are in different jurisdictions...

By Des Kruger 1 Apr 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

Sars and penalties for understatement

In addition to the tax payable, the South African Revenue Service (Sars) can impose penalties on a taxpayer for an understatement...

By Graeme Palmer 26 Mar 2019

Sars turns to payrolls to make up shortfall

Once again, the latest Budget Speech featured a tax revenue shortfall, this time to the tune of R43bn...

By Mariana Stander & Jean du Toit 4 Mar 2019

#BudgetSpeech2019: Smokers, drinkers to feel the pinch following sin tax hikes

In Finance Minister Tito Mboweni's first Budget Speech since his appointment, he announced that sin taxes on alcohol and tobacco will rise...

21 Feb 2019

Is sugar tax really a health measure or a tax income stream?

The initial consideration behind the sugary beverages levy (SBL) was as a deterrent to reduce lifestyle diseases such as diabetes and obesity, but it's potentially evolving into a money spinner for Sars...

18 Feb 2019

Don't get caught napping at financial year-end

Along with all the other responsibilities associated with tax management in South Africa, businesses are reminded of their PAYE (Pay as you Earn) obligations towards Sars - including the onus to issue IRP5 tax certificates to employees...

14 Feb 2019

President signs tax bills into law

President Cyril Ramaphosa has signed into law three 2018 tax bills that give legislative effect to the tax proposals announced by the Minister of Finance in last year's annual National Budget Speech...

18 Jan 2019

Countdown to enforcement of amended SA expat tax law

The tax exemption on South African expatriates is set to change, with significant repercussions, for the many South Africans who are employed by companies abroad, from an SA tax liability point of view...

By Claudia Aires Apicella 16 Jan 2019

#BizTrends2019: 6 trends in fintech and its regulation

The South African financial sector has been waiting with bated breath for South Africa's financial regulators to map the way forward and we expect this guidance to be forthcoming early in 2019...

By David Geral 9 Jan 2019

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