taxpayers Archives - Nwanda Incorporated

28 April

When SARS requests supporting documents

E-filing doesn’t allow ‘secured’ or password-protected documents to be uploaded—but there is a solution Following SARS Commissioner Edward Kieswetter’s announcement that he intends to rebuild SARS’ […]

12 August

Section 24C allowance: Future expenditure

The nature of a taxpayer’s business may be such that the taxpayer receives amounts under a contract that will be used to finance expenditure to be […]

12 August

Submit your return on time, or face penalties

Non-residents and earners of foreign income are also receiving extra attention this year The tax season for the 2022 tax year has just started, and it […]

11 June

Be wary of zero or low-interest loans

The in duplum rule originated from the South African common law and has been applied through South African case law for over 100 years. The rule aims to protect […]

11 June

Knowing your rights when it comes to taxes

Since the introduction of the Tax Administration Act in 2011, which aimed to consolidate most of the administrative matters in tax acts, taxpayers have become ever more […]

7 June

2022 Tax filing season

THE 2022 FILING SEASONS COVERS THE PERIOD 1 MARCH 2021 TO 28 FEBRUARY 2022 The 2022 tax filing season opens on 1 July 2022. Since the […]

11 April

When is a deposit included in gross income for tax purposes?

The South African Revenue Service recently published a new Interpretation Note relating to the taxation of deposits. In the ordinary course of business, taxpayers may receive […]

24 March

Materiality in the case of VAT returns

Section 45 of the Value-Added Tax Act makes provision for the payment of interest on delayed VAT refunds. In terms of section 45(1) of the Act, the South African […]

30 September

Capital gains tax on death

Section 9HA of the Income Tax Act deals with deemed disposals by a deceased person. This section of the Act often causes some confusion, especially where there are heirs or legatees other […]