31 March

VAT and common law theft

A recent decision has created some interest in whether the taxpayers failing to pay over the correct amounts of VAT can be charged – in addition […]
31 March

Non-executive Directors’ remuneration: VAT and PAYE

Two significant rulings by SARS, both relating to non-executive directors’ remuneration, were published by SARS during February 2017. The rulings, Binding General Rulings 40 and 41, […]
23 February

Penalties on Underpayment of Provisional Tax

Under paragraph 20(1) of the Fourth Schedule to the Income Tax Act 58 of 1962, amended (“the Act”), if the actual taxable income of a provisional taxpayer, […]
23 February

Non executive directors liable for VAT

-JOHANNESBURG A ruling by the South African Revenue Service (SARS) that non-executive directors are required to register and charge VAT where they earn director’s fees exceeding […]
25 January

Update to Draft Taxation Laws Amendment Bill, 2016 – section 7c

The revised Draft Taxation Laws Amendment Bill, 2016 (section 7C) has been approved by Parliament and should be promulgated soon to be effective 1 March 2017. […]
17 January

Explaining zero rated VAT

Value-Added Tax, or VAT, is currently typically charged at 14% on all taxable supplies of goods or services rendered by registered VAT vendors. Taxable supplies exclude […]
20 October

Dividends Tax Compliance

Our clients will know that dividends tax replaced the old Secondary Tax on Companies (“STC”) on 1 April 2012 already. Briefly, the STC was a tax […]
24 June

Tax penalties: Understatement penalties in the Tax Administration Act

1 2 3 4 5 6 Item Behaviour Standard case If obstructive, or if it is a ‘repeat case’ Voluntary disclosure after notification of audit or […]
24 June

Requirements in order to complete your 2016 tax return

PERIOD : 1 MARCH 2015 TO 28 FEBRUARY 2016 The 2016 tax filing season opens on 1 July 2016. Deadline dates for the submission of returns […]

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