Tax standards has been developed for the South African tax environment based on international best practice. The final exposure drafts can be accessed here for...

The Institute issued sample tax engagement letters. Members can access the engagement letters here . 

The Institute has a online Tax Forum where members and the general public can share and blog on tax matters affecting the profession. Issues from...

On Tuesday the Institute today launched an online portal for its members to recruit tax talent. SAIT members can advertise vacancies at no cost.  This...

The Institute obtained a valuation of benefits to determine the real value proposition offered to professional members. It is an astonishing R18 500 per annum....

by Wian de Bruyn (Grant Thornton e-taxline 25 April 2012) Improvement in cash flow and margins for cross-border traders – take a fresh look at...

By Michael Stein (Friday Page) While the person liable to account to SARS for VAT output tax is usually the vendor who makes a taxable...

Auctioneers & Vat by Michael Stein One of the unusual features of the vat Act lies in one of the ways in which it deals...

INTERPRETATION NOTE: NO. 40 (Issue 2) DATE : 30 March 2012 ACT : VALUE-ADDED TAX ACT NO. 89 OF 1991 (the VAT Act) SECTIONS :...

INTERPRETATION NOTE: NO. 31 (ISSUE 2) DATE : 30 March 2012 ACT : VALUE-ADDED TAX ACT NO. 89 OF 1991 (the Act) SECTION : SECTIONS...

By Mzwandile Jacks (News24 15 May 2012)  WORRIED about the effect the recently-introduced dividend withholding tax (DWT) will have on your retirement fund? It's not...

Binding Private Ruling (BPR) 118 was issued by SARS on 14 May 2012. The ruling deals with the determination of which party will be responsible...

By Andrew Seaber (DLA Cliffe Decker Hofmeyr Tax Alert 11 May 2012) The new dividends tax regime, which replaced Secondary Tax on Companies (STC), came...

By SAIT Technical In February 2012, SAIT Technical reported on the CSARS v Labat Africa judgment where the Supreme Court of Appeal (SCA) held that...

In November 2002, the appellant purchased a business as a going concern, with effect from 1 March 2003. In its income tax assessment for the...

SARS has issued a notice indicating that  the value of "B"  in the prescribed formula when calculating the taxable benefit in respect of a residential accommodation...

By RC Williams (PWC Synopsis Tax Today April 2012) Hitherto, a taxpayer has been entitled to a deduction, up to specified thresholds, for fees paid...

SARS has issued an updated version of The ABC of Capital Gains Tax for Individuals that pertains to the 2012 year of assessment. Click here...

By Mzwandile Jacks (Fin24) The Board of Healthcare Funders (BHF) has raised concerns about the state's tax credits on medical aid schemes, saying these will fail...

Friday Page by Michael Stein  In his Budget speech of February 2012, the Minister of Finance announced the proposed revision, once again, of the income...

SARS issued Binding Class Ruling 34 on 15 May 2012 dealing with the tax consequences of a taxpayer issuing exchange traded notes (ETNs). An ETN...

Introduction: T he   South Gauteng High Court   had to consider the  taxpayer’s application for rescission of judgment in terms of   s 91(1)(...

Introduction: I n a UK case,   R   ( on the application of Glenn & Co   ( Essex )   Ltd )  ...

SARS Easyfile 6.0.2. has been released. According to SARS, this is a minor update that includes a correction to the IT88 outcome submission process, as...

By Johan van der Walt (DLA Cliffe Decker Hofmeyr Tax Alert 11 May 2012) "Above all things, a tax attorney must be an indefatigable sceptic;...

The Minister of Finance has issued a media statement in response to the Supreme Court of Appeal judgement in the Commissioner for the South African Revenue Service...

By Michael Stein (Friday Page 11 May 2012)  Paragraph 45(1)( a ) of the Eighth Schedule to the Income Tax Act provides that a natural...

National Treasury recently released a media statement inviting comments from the public on the application of increased capital gains tax rates to long-term insurers in...

Business Report by Londiwe Buthelezi     Research analysts have slammed the increases in capital gains tax rates proposed by the National Treasury, saying they posed...

Capital gains tax consequences of redemption ofredeemable shares PWC Tax Synopsis - RC Williams The decision of the Johannesburg Tax Court in A (Pty) Ltd...

The OECD’s Task Force on Tax and Development, meeting in Cape Town, South Africa, has launched the concept of  Tax Inspectors Without Borders/ Inspecteurs des...

Senior tax officials from OECD countries met in Montreal on 8-10 May 2012 to discuss unintended double non-taxation due to the use of hybrid mismatch...

OECD 11 May 2012 Senior tax officials from OECD countries met in Montreal on 8-10 May 2012 to discuss unintended double non-taxation due to the...

By Matthew Lester (Tax Talk 13 May 2012) Recent amendments to the transfer-pricing provisions contained in section 31 of the Income Tax Act have increased...

By Matthew Lester (Tax Talk 13 May 2012) Recent amendments to the transfer-pricing provisions contained in section 31 of the Income Tax Act have increased...