This Draft Interpretation Note on Tax Deduction for Amounts Refunded to Employees provides guidance and clarity on the tax implications of amounts that were included in a person's taxable income and subsequently refunded or repaid.
The SAIT will be making a submission to SARS. Kindly submit all comments firstname.lastname@example.org by no later than 28 April 2014.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.