News & Press - The SA Institute of Tax Professionals

Print Page | Report Abuse

News & Press

RSS

Read about recent events, essential information and the latest community news.

Technical & tax law questions
12 May 2015 (0 Comments - view/add) Given the change in the ‘Companies Act’ definition, is a firm of attorneys a small business corp? » Author: SAIT Technical Q : According to Notes on South African Income Tax 2015 by Phillip Haupt the definition of "Co...
12 May 2015 (0 Comments - view/add) Is VAT payable on the full rental amount received by an estate agent? » Author: SAIT Technical Q1 : My client is an estate agent and rents out a commercial building on behalf of the owner....
12 May 2015 (0 Comments - view/add) Can I claim deemed input VAT on second hand tyres purchased from a non-vendor? » Author: SAIT Technical Q : I have a client who is registered for VAT. The client buys and sells second hand tyres. On...
12 May 2015 (0 Comments - view/add) Is the commission received by an estate agent ‘remuneration’ for ETI purposes? » Author: SAIT Technical Q : I have an estate agent client who wants to make use of the Employees Tax Incentive (ETI)....
12 May 2015 (0 Comments - view/add) Is a locum doctor an employee or independent contractor? » Author: SAIT Technical Q : Our client is a medical practitioner that sometimes makes use of a locum. For example a loc...
12 May 2015 (0 Comments - view/add) Can you get a s18A donation deduction on the payment of a relative’s school fees? » Author: SAIT Technical Q: I have a client who would like to claim his contribution to his nephew’s varsity fees as a...
12 May 2015 (0 Comments - view/add) Is imported steel construction machinery exempt from VAT? » Author: SAIT Technical Q : May you kindly assist with information on 'Exemption of import VAT': 1. &nb...
12 May 2015 (0 Comments - view/add) Does s11(e) of the VAT Act apply to the purchase of sectional title units from a developer? » Author: SAIT Technical Q : A client wants to purchase 27 unfurnished units in a sectional title block from a developer...
06 May 2015 (0 Comments - view/add) Deposit paid by employer for employee’s new residential accommodation: is it taxable? » Author: SAIT Technical Q : With reference to section 10(1)(nB), will the following expenditure paid by the employer on...
06 May 2015 (0 Comments - view/add) Can SARS’ interest charge per section 89quat be waived? » Author: SAIT Technical Q : Is interest under section 89 a statutory charge which cannot be waived? As far as I und...
06 May 2015 (0 Comments - view/add) Does a personal service provider need to register for VAT? » Author: SAIT Technical Q : Does a personal service provider (which is a company) need to register for VAT or is it de...
06 May 2015 (0 Comments - view/add) Transportation for employees to go to and from the office: is it a fringe benefit? » Author: SAIT Technical Q : When an employer transfers his employees to and from work in a company vehicle, is this se...
29 April 2015 (0 Comments - view/add) The interest withholdings tax impact of a local trust distributing profits to foreign beneficiary » Author: SAIT Technical Q : Withholding tax on interest paid to non-residents is going to be introduced. Many trusts d...
29 April 2015 (0 Comments - view/add) Is an individual who earns all her income from one client deemed to be an employee? » Author: SAIT Technical Q : I do the payroll administration for a client of mine. They employ many people on an hourly...
29 April 2015 (0 Comments - view/add) Must a deemed dividend (for tax purposes) be reflected as an actual dividend? » Author: SAIT Technical Q : There exists a debit loan in the client's books to a trust (where a beneficiary is also a...
22 April 2015 (0 Comments - view/add) How do I calculate the capital gain on the sale of a member’s interest in a CC? » Author: SAIT Technical Q : In 2007 four of us started a CC. We each put in R300 000 (which is now the amount of...
22 April 2015 (0 Comments - view/add) Can transfer duty be claimed as an input VAT deduction? » Author: SAIT Technical Q: A client bought agricultural land to use in the name of a company. Unfortunately, the...
22 April 2015 (0 Comments - view/add) What is the tax treatment of the expenses which a church pays on behalf of a pastor? » Author: SAIT Technical Q : I have a client who is a pastor of a local church. He does not receive an income, but the...
21 April 2015 (0 Comments - view/add) Will exported goods be zero rated when a foreign customer arranges for the transportation? » Author: SAIT Technical Q : If a company exports good across the border and the customer sends their own courier to co...
21 April 2015 (0 Comments - view/add) How do I calculate the ‘company car’ fringe benefit after the car has been fully depreciated? » Author: SAIT Technical Q : I would like guidance on the taxable benefit on a company car. The company bought a com...
21 April 2015 (0 Comments - view/add) How do I treat the payment of a franchise fee for tax purposes? » Author: SAIT Technical Q1 : I have a client that bought a franchise and paid a R300 000 franchise fee. Part of the...
17 April 2015 (0 Comments - view/add) Are there any issues with VAT payments made by a clearing agent on behalf of a principal? » Author: SAIT Technical Q : I have a client, which is a private company, operating as clearing agents on imported good...
17 April 2015 (0 Comments - view/add) Should VAT be levied on the commission earned for making travel bookings? » Author: SAIT Technical Q: Should VAT be levied on the commission earned for making travel bookings? My client is...
17 April 2015 (0 Comments - view/add) Is there a deduction for medical expenses incurred for gastric bypass surgery? » Author: SAIT Technical Q : Does SARS allows a tax deduction for gastric bypass surgery? The medical aid scheme did no...
17 April 2015 (0 Comments - view/add) Are there any rulings or court cases dealing with the retention of records? » Author: SAIT Technical Q : Are there any rulings or court cases relating to the retention of records in terms of the...
15 April 2015 (0 Comments - view/add) Can SARS recover PAYE from an employee if his employer never paid it? » Author: SAIT Technical Q : Who is liable for employees’ tax when an employee has PAYE deducted but the company (now in...
15 April 2015 (0 Comments - view/add) Is the supply of lucerne by a farmer subject to VAT if the purchaser is also a farmer? » Author: SAIT Technical Q : My client is a farmer who produces and sells lucerne. 1. ...
15 April 2015 (0 Comments - view/add) SBC – does an entity qualify if a shareholder holds an interest in a dormant company? » Author: SAIT Technical Q : I have a taxpayer who we applied the Small Business Corporations Tax rates to (business)....
15 April 2015 (0 Comments - view/add) How should petrol cards be treated for tax purposes? » Author: SAIT Technical Q : A company is giving travel allowances to employees (taxed), but also supplies them with pe...
15 April 2015 (0 Comments - view/add) Can a taxpayer using solar panels for trade purposes get the s12B deduction? » Author: SAIT Technical Q : A corporate client purchased solar panels to generate their own electricity to use in their...
15 April 2015 (0 Comments - view/add) Is the additional 5% section 13sex allowance only applicable to improvements? » Author: SAIT Technical Q : Section 13 sex provides for an allowance equal to 5% of the cost of new or unused residenti...
14 April 2015 (0 Comments - view/add) Can SARS levy VAT on the transfer of a farm to an heir? » Author: SAIT Technical Q : Please advise what the VAT implications would be in the following situation: A farming p...
14 April 2015 (0 Comments - view/add) Is the sale of inherited agricultural land exempt from CGT? » Author: SAIT Technical Q : I need to know if there is any relief on an inheritance of an agricultural property (i.e. l...
14 April 2015 (0 Comments - view/add) Can a PBO that is a vendor claim input VAT on a fixed property purchase? » Author: SAIT Technical Q : Can a PBO (registered in terms of s10 of the Income Tax Act but NOT a welfare organization...
14 April 2015 (0 Comments - view/add) What are the VAT consequences associated with an auction house? » Author: SAIT Technical Q : A client of mine bought a shelf company in the current year. This company is going to be an...
View "All News Items" »

moreSAIT CPD Training

2016/09/26
2016 Accounting & Reconciliations for Tax Practitioners - Roodepoort

2016/09/27
2016 Tax Consequences of ITR14 and IT14SD forms - Webinar

2016/09/28
2016 Tax Consequences of ITR14 and IT14SD forms - Pretoria

2016/09/29
2016 SARS Webinar: 12:30pm - 14:30pm session: Topic to be confirmed - 29 September

moreLatest Tax News

1 hour agoThe Tax Implications of Currency Gains made on Foreign Investments

3 hours agoWhen debt and creativity meet – a recent Tax Court decision

5 hours agoFunding for small and medium-sized enterprises

2016/09/23Failure, More Failure and Some Success: GAAR Ten Years On

ONLINE SURVEYS

WHY REGISTER WITH SAIT?

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.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by YourMembership.com® :: Legal

ONLINE SURVEYS

WHY REGISTER WITH SAIT?

MINIMUM REQUIREMENTS TO REGISTER

H1

H2

H3

H4

H5

H6