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Money Talk with Tumisang Ndlovu
16 August 2016 | Press Releases

Resources shine on the JSE; SARS watchdog to be more independent; Gender pay imbalances; Marikana 4-years on, has anything changed ...Read more
 
Sars watchdog to be more independent
16 August 2016 | Press Releases

Proposals to give the Office of the Tax Ombud more independence have been welcomed, but some say they still leave the ombud hamstrung ...Read more
 
Will the tax ombud’s new independence be enough?
15 August 2016 | Press Releases

Proposals to give the Office of the Tax Ombud more independence have been welcomed, but some say they still leave the ombud hamstrung ...Read more
 
Will the tax ombud’s new independence be enough?
16 August 2016 | Press Releases

A range of proposed amendments in the Tax Administration Laws Amendment Bill (the Bill) aims to enhance the independence of the office of the Tax Ombud. ...Read more
 
Another tax loophole is about to close with new rules for loans to trusts
2 August 2016 | Press Releases

National Treasury wants to put the brakes on some aggressive tax planning through trusts.... ...Read more
 
Treasury wants to limit tax planning
2 August 2016 | Press Releases

National Treasury wants to introduce a new section into the Income Tax Act which will put the brakes on some aggressive tax planning through trusts.... ...Read more
 
Changes to special voluntary disclosure programme proposed
21 July 2016 | Press Releases

JOHANNESBURG – National Treasury has proposed changes to the Special Voluntary Disclosure Programme (SVDP) in an effort to simplify the process... ...Read more
 
Changing VAT at short notice could put taxpayers in precarious position
20 July 2016 | Press Releases

An amendment proposed in this year’s Taxation Laws Amendment Bill is opening the door for a change to the value-added tax (VAT) rate without a legislative change. ...Read more
 
Tax appeals: ‘Not enough time’
14 July 2016 | Press Releases

The South African Institute for Tax Professionals (SAIT) has requested that taxpayers be allowed at least 90 days to prepare their objections to assessments, especially in complex matters. ...Read more
 
Sugar tax is just one step in tackling obesity
12 July 2016 | Press Releases

If everyone took into account all the costs associated with their sugar consumption, there’d be little reason for government intervention – Institute for Fiscal Studies ...Read more
 
Illicit financial inflows and low tax revenue bedevil Africa’s development
11 July 2016 | Press Releases

The biggest threats to Africa’s development are still illicit financial outflows and critically low tax revenue, and countries on the continent cannot continue to finance spending ...Read more
 
Regulations on carbon tax offsets give some clarity
28 June 2016 | Press Releases

The newly published draft regulations on carbon offsets sets out the procedure for the use of certain projects that will enable taxpayers to reduce their carbon tax liability. ...Read more
 
Five things you should know about tax season
28 June 2016 | Press Releases

The 2016 Tax Season will officially kick off on Friday, July 1 and individual taxpayers will be able to submit their returns for the tax year ending February 29 2016. ...Read more
 
logical red tape keeps fuel rebates off limits for outsourced firms
24 June 2016 | Press Releases

To encourage primary production industries, the Customs and Excise Act of 1964 allows for a refund on the fuel and Road Accident Fund (RAF) levies charged on diesel to qualifying farmers ...Read more
 
Time for taxpayers to start preparing for filing season
24 June 2016 | Press Releases

Individual taxpayers should ensure they have collected all the documentation necessary to file their annual tax returns. ...Read more
 
Sars sees grapes, not wine when taxing farmers
17 June 2016 | Press Releases

In the tax world, grapes that are turned into pulp and then into wine has definitely not disappeared or lost their identity. They stay the produce of the farmer who harvested them, no matter what their form. ...Read more
 
Economic woes: Not all doom and gloom
14 June 2016 | Press Releases

South Africa's economic woes increased with news of a widening current account deficit and contracting real growth in the latest Reserve Bank Quarterly Bulletin. ...Read more
 
Nonexecutive directors paying double tax: your troubles may soon be over
13 June 2016 | Press Releases

The tax treatment of nonexecutive directors’ fees has led to instances of double taxation with the fees subject to both employees’ tax and Value Added Tax. ...Read more
 
Primary residences, rental income and tax
13 June 2016 | Press Releases

JOHANNESBURG – In this tax column, Piet Nel, head of the School of Applied Tax at the South African Institute of Tax Professionals (Sait) answers a reader’s question about deducting expenses from specific rental income. ...Read more
 
Uptake of turnover tax regime remains minimal
7 April 2016 | Press Releases

The government’s efforts to encourage entrepreneurs to start small businesses by offering a simplified tax regime based on turnover is neither widely used nor understood. ...Read more
 
Do I need to file a tax return?
26 May 2016 | Press Releases

In this tax column, Piet Nel, head of the School of Applied Tax at the South African Institute of Tax Professionals (Sait) answers a reader’s questions about the submission of a tax return. ...Read more
 
Tax Feature: New Tax Compliance System
24 May 2016 | Press Releases

24 May 2016 Classic Business with Piet Nel ...Read more
 
Efforts to expand tax base bearing fruit
24 May 2016 | Press Releases

A new focused approach to combat non-compliance is paying off. The recent crackdown on the cash and carry sector in the South African economy seems to be bearing fruit. ...Read more
 

Julius Malema’s tax battle with SARS could set a new precedent
18 May 2016 | Press Releases

Firebrand politician Julius Malema may still not have clarity about the status of his compromise agreement with the South African Revenue Service (SARS) but his case highlighted pertinent issues about the agency’s ...Read more
 

Cash-and-carry tax crackdown pays off for SARS
16 May 2016 | Press Releases

The recent crackdown on the cash and carry sector in SA seems to be bearing fruit. ...Read more
 

Act swiftly on tax assessments
11 May 2016 | Press Releases

As tax season looms large, an expert cautions taxpayers to move quickly if they object to their assessments, or face the consequences. ...Read more
 

Tax practitioners favour move to simplify VAT rules for foreign e-commerce
29 April 2016 | Press Releases

Tax professionals support proposed steps to ease the administrative burden of international companies ...Read more
 

Tax 'amnesty' could spur on emigration, warn experts
22 April 2016 | Press Releases

The proposed special voluntary disclosure programme aimed at encouraging taxpayers to get their tax transgressions in order has been severely criticised. ...Read more
 

Turnover tax regime: the ins and outs
19 April 2016 | Press Releases

The turnover tax regime, designed mainly for "survivalist or micro businesses”, has been criticised for ...Read more
 

New tax compliance system welcomed
18 April 2016 | Press Releases

A new tax compliance status system that is expected to speed up the process of obtaining tax clearance certificates from the South African Revenue Service (SARS) comes into effect on Monday. ...Read more
 


Proposed changes to diesel rebate threaten marginal mines
14 April 2016 | Press Releases

Proposed changes to diesel tax refunds, limiting them to operational mines, will be a death knell for many marginal mines, according to tax experts. ...Read more
 

New reporting standard will make Panama Papers exposé more frequent
13 April 2016 | Press Releases

The massive fallout since the Panama Papers exposé again highlighted the importance of comprehensive measures to stem the tide of tax non-compliance. ...Read more
 
Manufacturing: Funds earmarked for incentive programme
8 April 2016 | Press Releases

The Department of Trade and Industry (dti) this week confirmed that it has allocated funds for the continuation of a government programme to enhance South African manufacturers’ competitiveness. ...Read more
 

Manufacturing: Funds earmarked for incentive programme
8 April 2016 | Press Releases

The Department of Trade and Industry (dti) this week confirmed that it has allocated funds for the continuation of a government programme to enhance South African manufacturers’ competitiveness. ...Read more
 

Uptake of turnover tax regime remains minimal
7 April 2016 | Press Releases

The government’s efforts to encourage entrepreneurs to start small businesses by offering a simplified tax regime based on turnover is neither ...Read more
 

Panama Leaks: Fewer Places to Hide from the Tax Man
6 April 2016| Press Releases

 

No more low-hanging fruits
5 April 2016 | Press Releases

The margin between the tax revenue target and the actual collections seems to be narrowing each year as tough economic conditions persist. ...Read more
 

SAIBA informs accountants on tax matters
24 March 2016 | Press Releases

The South African Institute for Business Accountants (Saiba) held a well-attended Tax Budget and Tax Update Seminar at Bolivia Lodge on Thursday. ...Read more
 

Navigating the Reit environment
23 March 2016 | Press Releases

Always be conscious of risk in your approach to the Real Estate Investment Trust (Reit) sector, according to Andrew Parsons, MD of Resolution Capital Australia. ...Read more
 

SARS changes demand extra care from provisional taxpayers
22 March 2016 | Press Releases

Provisional taxpayers will soon have to take additional care when estimating their taxable income, as Treasury is proposing changes to how penalties for underestimating are calculated ...Read more
 

More changes expected to venture capital incentive
18 March 2016 | Press Releases

The sluggish uptake of an attractive venture capital tax incentive for investments in small businesses has once again forced ...Read more
 

CEOs of SA’s three big REITs to deliberate the local listed property sector’s global standing
14 March 2016 | Press Releases

The SA REIT Conference is again proving to be the gathering place for the sharpest minds in property, finance and investment, and an exciting platform for debate and interaction. ...Read more
 

Experts hail withdrawal of ‘unworkable’ withholding tax
1 March 2016 | Press Releases

The withdrawal of a withholding tax on service payments to foreigners, decried by many as unworkable, has been widely ...Read more
 

Research tax incentive may be resurrected
1 March 2016 | Press Releases

It can work if SA learns from jurisdictions successful in increasing their research expenditure ...Read more
 

Proposals on research tax incentive ready to be presented to government
29 February 2016 | Press Releases

A task team established to resurrect the government’s flawed research and development tax incentive has already drafted recommendations to fix the problems. ...Read more
 

Banking on Gordhan   
29 February 2016 | Press Releases

This week, ratings agencies took out their notebooks as Finance Minister Pravin Gordhan delivered the most anticipated ...Read more
 

Post Analysis - Budget 2016 - Part 1   
24 February 2016 | Press Releases

Nazrien Kader, Managing Partner: Deloitte Africa Taxation Services, Dawie Roodt, Chief Economist: Efficient Group and Professor Sipho Seepe: Political Analyst ...Read more
 

Tax Panel - Budget 2016 - Part 2   
24 February 2016 | Press Releases

Pieter Faber, Project Director: Tax, SAICA, Muneer Hassan, Senior Lecturer: Taxation: University of Johannesburg and Piet Nel: Independent Consultant joins Leigh Roberts to ...Read more
 

Tax Panel - Budget 2016 - Part 1   
24 February 2016 | Press Releases

Pieter Faber, Project Director: Tax, SAICA, Muneer Hassan, Senior Lecturer: Taxation: University of Johannesburg and Piet Nel: Independent Consultant joins Leigh Roberts to take a ...Read more
 

Tax revolt may worsen if Gordhan target PIT to fill gaps
24 February 2016 | Press Releases

When the government is looking for extra money, all signs point to personal income tax (PIT) because increasing VAT and Company Tax have political and ...Read more
 

What to expect form taxes in the 2016 budget   
24 February 2015 | Press Releases

 

Govt can encourage South Africans to pay tax on hidden offshore accounts
23 February 2016 | Press Releases

A tax expert said there are numerous ways government can encourage South Africans to pay tax on undisclosed offshore cash. ...Read more
 

Government backtracks on new tax changes   
18 February 2015 | Press Releases

 

Tax increases, including a ‘wealth tax’, could constrain growth
15 February 2016 | Press Releases

The South African economy has pneumonia, and the best medicine would be relaxation from some stifling laws and regulations and perhaps a few drops of tax relief. ...Read more
 

Extent of tax fraud unknown - SARS
11 February 2016 | Press Releases

The South African Revenue Service (SARS) still does not know the full extent of tax evasion, despite its work probing foreign bank accounts held by South African residents. ...Read more
 
 
Global Tax Policy Conference 2016 - Dublin
10 February 2016 | Press Releases

The second Global Tax Policy Conference in association with Harvard Kennedy School will take place in Dublin Castle from 9-11 March 2016, and SAIT will be attending to support this important ...Read more
 
 
Tax experts unimpressed with solar energy incentive
09 February 2016 | Press Releases

Load shedding has been part of South Africans’ daily lives and, with projected electricity shortages, is likely to remain an inconvenience for some time. ...Read more
 
 
The fine tax line during retrenchments
04 February 2016 | Press Releases

The different tax treatment of lump sum withdrawals following retrenchment seems at odds with efforts to give relief in difficult times. ...Read more
 
 
Another chance for taxdodgers to come clean
29 January 2016 | Press Releases

Current cost of disclosure seen as a disincentive, but taxpayers urged to avoid criminal penalties.The announcement of... ...Read more
 
 
Perfect storm’ to hit revenue targets
28 January 2016 | Press Releases

The country is facing one of its toughest years with economic growth projected at less than 1 percent, and a real threat of a credit rating downgrade because of governments' inability to meet its fiscal targets Read more...
 
 
Greater tax transparency for multi-nationals a step closer
27 January 2016 | Press Releases

The South African Revenue Service (SARS) has published additional record-keeping requirements for large multi-national companies which they will have to comply with in future... Read more...
 
 
Tax experts worried that big business will lose easy access to SARS
21 January 2016 | Press Releases

Tax experts have expressed concern about large companies’ access to the South African Revenue Service (SARS), should rumours about the closure of SARS’s large business centre prove to be true.... Read more...
 
 
Retirement reform uproar as SA branded worst savers in the world
18 January 2016 | Press Releases

THE signing into law of changes to the tax treatment of retirement funds has sparked an uproar from the Congress of South African Trade Unions (Cosatu)... Read more...
 
 
SAIT welcomes new tax laws   
15 January 2016 | Press Releases

Head of the School of Applied Taxation at the SA Institute of Tax Professionals (SAIT), Piet Nel, says he fully agrees with the new law (2015 Tax Laws Amendment Act and the Tax... Read more...
 
 
It’s the final tax countdown
13 January 2016 | Press Releases

Pretoria - Provisional taxpayers have now only two weeks left to finalise their tax affairs and submit their annual returns to the South African Revenue Service (SARS)... Read more...
 
 
Treasury stands firm over carbon tax
8 April 2015 | Press Releases

THE Treasury is sticking to its guns about implementing the carbon tax from next year, dashing the hopes of business that there might be further delays to the unpopular measure it believes will add... Read more...

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