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Review of excessive debt financing rules
Review of excessive debt financing rules

Tax is an important factor when a business decides whether to use debt or equity financing...

By Graeme Palmer 25 Mar 2020

Lessons from Al Capone on taxpayers' rights to confidentiality
Lessons from Al Capone on taxpayers' rights to confidentiality

Al Capone, the infamous American mobster, was convicted of tax evasion as it was easier for the US Attorney General to secure a conviction for tax offences than comply with the evidentiary requirements of his other crimes. But what right does the South African taxpayer have for the information disclosed to Sars to be kept confidential?

By Graeme Palmer 24 Feb 2020

Image source: Getty/Gallo
Caution: Sars wants its share of your Xmas gift from your employer

It's that time of year when many South African companies give their employees festive season gifts to thank them for their service...

By Yolandi Esterhuizen 11 Dec 2019

Donations tax - determining the threshold
Donations tax - determining the threshold

Subject to any applicable exemption, donations tax is payable on the value of any property disposed of under any donation...

By Graeme Palmer 26 Nov 2019

#AfricaCom: Smartphone costs the biggest barrier to a digitally inclusive Africa
#AfricaCom: Smartphone costs the biggest barrier to a digitally inclusive Africa

The next technological evolution is advancing at an exponential rate and by leaving out some on this journey, we allow the current societal divides and inequalities to deepen...

By Sindy Peters 15 Nov 2019

Hanno le Roux
Complexities of loans between related parties

In this article we will provide a brief overview of the most common scenarios resulting in loans between related parties that we tend to encounter and look at what the key tax and legal considerations are...

By Hanno le Roux, Issued by Meredith Harington 5 Nov 2019

Expat tax exemptions: No double taxation
Expat tax exemptions: No double taxation

On 1 March 2020, an amendment to the foreign employment income exemption comes into operation. There have been misperceptions about those expatriates that will be affected by this change to the tax law...

By Graeme Palmer 18 Oct 2019

Is this the end of NRV for closing stock?
Is this the end of NRV for closing stock?

The Supreme Court of Appeal (SCA) has for the second time in CSARS v Atlas Copco South Africa (Pty) Ltd, confirmed that the net realisable value (NRV) method is not a suitable method to value closing stock for income tax purposes...

By Joon Chong 14 Oct 2019

When do consultancy services become a taxable fringe benefit?
When do consultancy services become a taxable fringe benefit?

The Supreme Court of Appeal recently had to decide whether tax consultants contracted by BMW South Africa to facilitate the tax compliance of the company's expatriate employees constituted a taxable fringe benefit for the employee...

By Graeme Palmer 23 Sep 2019

Image source: Gallo/Getty
Non-profit companies: get your PBO application right

There are tax benefits for registering a non-profit organisation as a public benefit organisation (PBO) with the South African Revenue Service (SARS), whether such organisation is a non-profit company, trust or association...

By Graeme Palmer 28 Jun 2019

What you need to know about the Competition Act amendments
What you need to know about the Competition Act amendments

Amendments to the Competition Act were published in the Government Gazette in February 2019. These are, however, not yet in force pending the publication of a date to be proclaimed by the President. Some of the more prominent changes to the Act are as follows...

By Rishal Bipraj 12 Jun 2019

Hanno le Roux
Employees' tax considerations when using the services of contractors

Independent contractors, labour brokers and personal service providers provide simplified solutions to meet the immediate business need, but more often than not, these could lead to increased tax complexities, especially in relation to employees' tax...

By Hanno le Roux, Issued by Meredith Harington 4 Jun 2019

The cost of failing to notify authorities of mergers
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

Image source: Gallo/Getty
Downgrades, elections and surviving the Zuma era. There's still hope

The latest Budget comes at a difficult time with the elections around the corner, a downgrade hanging in the balance and trying to mop up after nine years of corruption and maladministration...

By Danette Breitenbach 1 Mar 2019

Finance Minister, Tito Mboweni. Photo:IFP
What will the budget hold in store for us?

As always, the annual Budget Speech carries trepidation and optimism for taxpayers in equal quantities...

By Nicci Botha 1 Feb 2019

#BizTrends2019: Unsettling times ahead for employee tax and take-home pay
#BizTrends2019: Unsettling times ahead for employee tax and take-home pay

The 2019 election year brings the normal risk of some tax populist decisions, including much higher social grants. This will add to the fiscus' pressure, desperate for additional tax revenues...

By Jerry Botha 10 Jan 2019

Tax invoice corrections and the Admin Laws Amendment Bill
Tax invoice corrections and the Admin Laws Amendment Bill

To err is human and mistakes are sometimes made on tax invoices. The draft Administration Laws Amendment Bill, 2018 proposes the inclusion of a new section 20(1B) dealing with errors to tax invoices...

By Graeme Palmer 23 Oct 2018

What will Mboweni talk about in the MTBPS?
What will Mboweni talk about in the MTBPS?

Just a few weeks into his tenure Minister, Tito Mboweni, will deliver his first Medium-Term Budget Policy Statement (MTBPS) on 24 October...

By Nicci Botha 16 Oct 2018

Regulations keep IFAs awake at night
Regulations keep IFAs awake at night

Independent financial advisers (IFAs) believe one of their greatest challenges now and over the next five years is regulations related to the industry...

By Nicci Botha 15 Oct 2018

Dr Roelof Botha
Recession? What recession? Now let's talk land reform

Economist, Dr Roelof Botha is quite adamant that South Africa is not in a recession despite what Stats SA said...

By Nicci Botha 10 Sep 2018

Cessation of temporary letting of residential property by developers
Cessation of temporary letting of residential property by developers

SARS released a Binding General Ruling on 25 July 2018 on the temporary letting of residential dwellings by developers, principally to provide clarity of the cessation of section 18B of the Value Added Tax Act, 1991...

By Graeme Palmer 24 Aug 2018

When does prescription start to run against Sars?
When does prescription start to run against Sars?

There are periods of limitations for issuing assessments which are set out in section 99 of the Tax Administration Act 28 of 2011 ("TAA")...

By Graeme Palmer 27 Jun 2018

#NewCampaign: Cosmopolitan SA petitions to end tampon tax
#NewCampaign: Cosmopolitan SA petitions to end tampon tax

Cosmopolitan South Africa has launched a petition to end tampon tax, calling all women to campaign against period poverty in South Africa...

By Jessica Tennant 12 Jun 2018

Hanno le Roux
SARS wants their bit of your bitcoin

A look into what guidance SARS has provided on how cryptocurrencies should be treated for tax purposes, as well as some key questions which still remain...

By Hanno le Roux, Issued by Meredith Harington 30 Apr 2018

1% matters - how the VAT increase affects property sales
1% matters - how the VAT increase affects property sales

The power of one: a phrase that has been quoted in many a clichéd motivational poster, but one whose power has never quite been fully grasped - until now...

By Adrian Goslett 22 Mar 2018

Judgment a tax victory for car manufacturers
Judgment a tax victory for car manufacturers

A recent Supreme Court of Appeal judgment has provided much needed clarity that Productive Asset Allowance certificate amounts granted to automotive manufacturers are capital in nature as their purpose is to incentivise capital investments...

By Joon Chong 26 Jan 2018

How do you pay tax on cryptocurrencies?
How do you pay tax on cryptocurrencies?

Cryptocurrencies are completely unregulated, and although not regarded as legal tender, there are no laws preventing them being used as payment...

By Graeme Palmer 30 Oct 2017

Mariné Erasmus, head of the health economics practice at Econex
#HASA2017: UHC funding - the great distraction

Quality care, not funding, is the real issue when it comes NHI...

By Nicci Botha 2 Oct 2017

Hanno le Roux
Taxing of income earned from foreign employment

In this article we will examine what the current income tax legislation stipulates, how this is likely to change in the near future and what proactive steps expats can take to prepare their affairs...

By Hanno le Roux, Issued by Meredith Harington 29 Sep 2017

Which business start-up costs are tax deductible?
Which business start-up costs are tax deductible?

SARS has provided further guidance on when pre-trade expenditure may be deducted for the purpose of determining taxable income...

By Graeme Palmer 27 Sep 2017

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