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Ripple effect of carbon tax on Customs and Excise Laws
Ripple effect of carbon tax on Customs and Excise Laws

The Carbon Tax Act and Customs and Excise Amendment Act were approved by the President in May, with the purpose of the latter to provide for the administration and collection of Carbon Tax revenue...

By Virusha Subban and Matthew Tout 7 Jun 2019

Tax return submission raised to R500,000
Tax return submission raised to R500,000

Taxpayers with an annual income not exceeding R500,000 will no longer be required to submit tax returns...

4 Jun 2019

Civil society concerned over South Africa's weak carbon tax
Civil society concerned over South Africa's weak carbon tax

The African Climate Reality Project (ACRP) welcomes the implementation of a carbon tax in South Africa as of 1 June 2019...

By Noelle Garcin 3 Jun 2019

Carbon Tax Bill: What effect will this have on corporate SA?
Carbon Tax Bill: What effect will this have on corporate SA?

The long-awaited Carbon Tax Bill, which is due to be implemented on 1 June 2019, will have a considerable impact on many of the large corporates that are currently operating in South Africa...

31 May 2019

Carbon tax revenues could be harnessed to help South Africa's poor
Carbon tax revenues could be harnessed to help South Africa's poor

Climate change needs urgent action by all countries, and by all means...

By Harald Winkler and Andrew Marquard 31 May 2019

Why you should think twice before giving your kid a brand new Merc...
Why you should think twice before giving your kid a brand new Merc...

There are a few things to consider before giving your 21-year-old any luxury assets. Sars might ask whether you're being generous because you can afford it... or if you're being 'shady' and dodging creditors and donations tax...

By David Thomson 28 May 2019

Looking abroad: Some possible insight into SA's forthcoming gambling tax
Looking abroad: Some possible insight into SA's forthcoming gambling tax

The draft legislation on gambling tax will possibly be published with the draft Taxation Laws Amendment Bill in the next few months, but while we wait for its release, we take the opportunity to consider some of the issues that have arisen with gambling tax in foreign jurisdictions...

By Louise Kotze and Louis Botha 24 May 2019

Graeme Palmer
Gift cards and the deferral of tax liability

The age-old question of whether moneys 'received' by the taxpayer fall within the meaning of gross income was recently addressed by the Tax Court in A Company v CSAR (IT24510).

By Graeme Palmer 22 May 2019

What are transport services "rendered by the employer"? Sars clarifies...
What are transport services "rendered by the employer"? Sars clarifies...

To assist employers and employees with overcoming transport-related difficulties, the Income Tax Act introduced a mechanism to allow employers to provide transport services to their employees and that, although qualifying as a taxable fringe benefit in the employees' hands, no taxable value was given to such benefit...

By Wesley Grimm, assisted by Sergio dos Santos 16 May 2019

Image source: Getty/Gallo
6 Sars audit tips for the captured

What should Edward Kieswetter's first actions be now that he has taken over the reins at South African Revenue Service (Sars)?

By Jean du Toit 2 May 2019

Sars brings in tech to fight illicit trade
Sars brings in tech to fight illicit trade

The South African Revenue Service (Sars) has embarked on a number of strategic initiatives to curb revenue leakages emanating from illegal and unethical practices in the illicit economy.

30 Apr 2019

Image source: Getty/Gallo
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

Verification vs tax audits - Sars must give notice of both
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
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?
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
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
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

Graeme Palmer
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

Image source: Getty/Gallo
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
#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?
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
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 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
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
#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

Christopher Renwick
International tax is all about the company you keep

In the wake of the state capture scandal still haunting the South African Revenue Service (Sars), taxpayers are looking for an alternative to paying tax to a government that appears to be mismanaging the funds...

By Christopher Renwick 4 Jan 2019

#BestofBiz 2018: Legal
#BestofBiz 2018: Legal

We've compiled our annual #BestofBiz 2018 lists across all our industries featuring our most popular articles, most-read contributors and brand press offices with the most views. Discover the most read content on Bizcommunity's Legal site over the past year below...

18 Dec 2018

Retired Justice Robert Nugent
Nugent Commission submits final report to the president

President Cyril Ramaphosa has received the final report of the Nugent Commission of Inquiry into Tax Administration and Governance by the South African Revenue Service (Sars)...

18 Dec 2018

Garyn Rapson, partner at Webber Wentzel
Some take outs on carbon tax

After more than eight years in the making, South Africa's carbon tax law is expected to take effect on 1 June 2019...

By Garyn Rapson 3 Dec 2018

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