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The venture capital company tax regime – tinkered to death or a successful incentive?

07 February 2020 | Press Releases

The survival and longevity of small and medium enterprises (SMEs)..Read more


Taxpayers keep paying the price for policy inaction

07 February 2020 | Press Releases

Where will the much-needed additional revenue come from?..Read more


The cost of political deafness for taxpayers

06 February 2020 | Press Releases

Political deafness is standing in the way of the creation of a structure that will ensure the complete independence of the Office of the Tax Ombud...Read more


The costly business of trying to get accountants of the right calibre

31 January 2020 | Press Releases

There’s tension between what the education system delivers and what accounting and tax professions require..Read more


SARS, the Public Protector and the matter of taxpayer privacy

24 January 2020 | Press Releases

A constitutional right is the central issue in the battle to have Jacob Zuma’s financial information made public...Read more


An important date with the taxman is around the corner

23 December 2019 | Press Releases

The February payment is the most crucial for provisional taxpayers – and don’t assume that you aren’t one...Read more


Troubling new interpretation of tax credits and deductions on foreign income

10 December 2019 | Press Releases

Taxpayers may bear the full brunt of double taxation without relief...Read more


Some proposals to ‘tighten’ SEZ tax regime withdrawn

20 November 2019 | Press Releases

The opportunity to rid the current special economic zone (SEZ) regime of concerns raised by tax and manufacturing experts seems to have been lost...Read more


Tax practitioners are being told to ‘toe the line’

15 November 2019 | Press Releases

The South African Revenue Service (Sars) has been taking steps to “align” tax practitioners..Read more


Exactly who is entitled to obtain confidential taxpayer information?

13 November 2019 | Press Releases

South African Revenue Service (Sars) Commissioner Edward Kieswetter does not..Read more


Treasury retains cap on investments in venture capital companies

6 November 2019 | Press Releases

The latest changes to the tax incentive for investments in venture capital companies..Read more


Mboweni says ‘rock the boat’, but there are no waves

31 October 2019 | Press Releases

Disrupt the comfort zones..Read more


Tax is an important weapon in clawing back ‘ill-gotten gains’

24 October 2019 | Press Releases

The level of corruption in South Africa, the complete lack of accountability..Read more


Be aware of the tax treatment on restricted shares

9 October 2019 | Press Releases

Access to finance is one of the biggest concerns for most start-ups and when founders..Read more


Mining tax provisions have not kept up with the industry

3 October 2019 | Press Releases

A recent judgment in the Supreme Court of Appeal (SCA) on mining operations and the right to claim..Read more


Companies with less than N10m turnover should be exempted from VAT — CITN president

29 September 2019 | Press Releases

It is appropriate. There is no right time for it...Read more


Know your NPO status

20 October 2019 | Press Releases

The #KnowYourNPO Status campaign targets Non-Governmental Organisations,..Read more


New rules make ‘brass plate’ companies extremely risky

5 September 2019 | Press Releases

A new layer of compliance designed to clamp down on the use of ‘international finance centres’..Read more


When voluntary disclosure is not voluntary

28 August 2019 | Press Releases

An error on a tax return can be rectified with Sars’s VDP but experts say there are holes in the system...Read more


Moving forward after years of plunder and corruption

26 August 2019 | Press Releases

Tax Indaba to look into ways of recouping lost monies...Read more


Five things making headlines in South Africa today

26 August 2019 | Press Releases

2019 Tax Indaba kicks off,..Read more


Special Economic Zone regime proposals ‘make no sense’

15 August 2019 | Press Releases

A new layer of compliance designed to clamp down on the use of ‘international finance centres’..Read more


Changes to SA’s venture capital incentive ‘misdirected’

6 August 2019 | Press Releases

Treasury believes that despite efforts to curb abuse of the tax incentive, there are still attempts ..Read more


Denel employees could be in trouble with Sars

2 August 2019 | Press Releases

State-owned arms manufacturer accused of not paying payroll deductions over to the relevant bodies...Read more


Legal professional privilege protection available to taxpayers too

14 June 2019 | Press Releases

In a litigious context, the doctrine of legal professional privilege provides that communications between an attorney and a client are protected from disclosure in litigious proceedings...Read more


A (quin)tessential consideration for the commercial property sector: Section 13quin of the Income Tax Act

14 June 2019 | Press Releases

Recently, the South African Property Owners Association (SAPOA) released its Office Vacancy Report for the first quarter of 2019. ..Read more


Technical glitch in the zero-rating of sanitary products

7 March 2019 | Press Releases

Strangely narrow definition in pending legislation will limit the intended relief and cause problems for retailers and the customs system...Read more


Not the worst roll of the dice

22 February 2019 | Press Releases

National Treasury treads lightly on tax...Read more


Little room for higher taxes, plenty for improvement

20 February 2019 | Press Releases

Now is a good time for Mboweni to act on recommendations, tax practitioners say...Read more


Ramaphosa signs 3 tax bills, sets effective dates for Budget 2018 tax changes

21 January 2019 | Press Releases

The signing of three tax bills into law by President Cyril Ramaphosa on Thursday brought to an end the 2018 legislative cycle and set the effective dates for the tax changes proposed in the February Budget...Read more


The taxing issue of SA’s finances

15 January 2019 | Press Releases

Has there been a substantial deterioration in the economic environment that could warrant tax hikes?..Read more

Caution needed about the hype around ‘pervasive profit shifting’

14 January 2019 | Press Releases

Report welcomed, but additional factors need to be considered...Read more

Executive ‘clawbacks’ may have unfair tax implications

10 December 2018 | Press Releases

If defined as restricted equity instruments, provisions could have ‘impractical, unbusinesslike or oppressive’ consequences...Read more

‘Unfair’ Sars penalty regime under fire

10 December 2018 | Press Releases

Many taxpayers have felt the pain of receiving administrative penalties that in some instances border on being unfair and may even be considered disproportionate to the “offence”...Read more

Industry pleas for dialogue on capped foreign income exemption

5 December 2018 | Press Releases

Several organisations have submitted proposals relating to the foreign income exemption for the 2019 legislative cycle...Read more

‘Moyane fired because he failed to defend himself’

2 November 2018 | Press Releases

The CEO of the South African Institute for Tax Professionals Dr Keith Engels says SARS Commissioner Tom Moyane has been fired because he had failed to defend himself against allegations of mismanagement...Read more

Good news for taxpayers battling refunds, disputes

26 October 2018 | Press Releases

Additional refunds of R11bn will be made to taxpayers to clear the backlog...Read more

Corporates with outstanding tax returns may face penalties

17 October 2018 | Press Releases

Returns must be submitted by the end of November if penalties are to be avoided...Read more

Tax survey highlights areas for service delivery improvements

11 October 2018 | Press Releases

Respondents feel Sars is not living up to expectations...Read more

'Pay now, argue later’ Sars rule under scrutiny'

2 October 2018 | Press Releases

The South African Revenue Service’s “pay now, argue later” rule is justified in certain circumstances,…..Read more

RSG Geldsake met Moneyweb, 25 Sep Paniek, onsekerheid oor 'expat tax': Deel 1

25 September 2018 | Press Releases

A high tax burden does have consequences

10 September 2018 | Press Releases

Social infrastructure enjoyed by highly developed countries is absent in South Africa, even though our tax-to-GDP ratios are similar...Read more

Discriminatory tax amendment' may affect non-bank lenders

3 September 2018 | Press Releases

The recent Taxation Laws Amendment Bill discriminates between banks and non-bank lenders in the taxation of doubtful debt...Read more

Sars: apathy, skills shortages, audit delays

28 August 2018 | Press Releases

Professional accountants have their say...Read more

SARS inquiry

22 August 2018 | Press Releases

Staff members at the South African Revenue Service are afraid to testify at the Nugent Commission of Inquiry, out fear of victimisation and loss of their jobs. ..View here

Treasury’s plan to fix abuse of venture capital incentive will kill the industry, MPs told

21 August 2018 | Press Releases

One of the main changes is that only one class of shares will be allowed in venture capital companies and the companies they invest in...Read more

Classic Business with Michael Avery & Keith Engel

14 August 2018 | Press Releases

Recommended items for zero-rating will cost fiscus R4bn

13 August 2018 | Press Releases

The final report by the ministerial panel of experts investigating the expansion of zero-rated..Read more

Proposed tax changes will hurt venture capital investments

7 August 2018 | Press Releases

Proposed changes to the venture capital company (VCC) tax incentive may have devastating implications for the industry, and several VCCs are at risk of losing their VCC status. ..Read more

Classic Business with Michael Avery & Duane Newman

31 July 2018 | Press Releases

An incorrect IRP5 could jeopardise foreign income, travel tax claims

23 July 2018 | Press Releases

Most individual taxpayers tend to only check their tax certificates (IRP5s) when something goes wrong after submitting their annual tax returns...Read more

Holding SARS to its own rules: new measures receive a cautious welcome

21 July 2018 | Press Releases

Taxpayers get longer to lodge objections, but are still at the mercy of the taxman, practitioners say, with sometimes catastrophic consequences...Read more

Taxpayers remain responsible for their tax affairs

16 July 2018 | Press Releases

Taxpayers are encouraged to be pro-active...Read more

A technocrat with a big vision is needed to lead Team SARS

12 July 2018 | Press Releases

One unique thing about SA is the political views associated with the South African Revenue Service (SARS)...Read more

No fast-tracking of incorrect tax compliance for tax clearance

9 July 2018 | Press Releases

The enhanced tax compliance status system, introduced more than two years ago, seem to be working smoothly...Read more

Sars service charter delights and disappoints

4 July 2018 | Press Releases

The new Sars Service Charter places an obligation on taxpayers to ‘encourage’ others to pay their taxes and duties on time and in full...Read more

There is no need to fear filing tax returns

29 June 2018 | Press Releases

Tax filing season opens on Sunday and you may be wondering whether you need to bother with the often-dreaded task of filing a tax return...Read more

Classic FM Classic Business Tax - 19 June 2018 - Keith & Sharon Smulders

19 June 2018 | Press Releases

Acting Sars commissioner’s 90-day term runs out soon

14 June 2018 | Press Releases

In this case, the picture is the podium of the auditorium at Linton House in Pretoria, home of the South African Revenue Service (Sars)...Read more

Classic FM Classic Business Tax – 12 June 2018 – Duane Newman

12 June 2018 | Press Releases

SARS's new service charter may repair trust, but taxpayer bill of rights is needed

12 June 2018 | Press Releases

A service charter that will enable taxpayers to keep the South African Revenue Service (SARS) accountable on its service promises will soon be released to the public...Read more

What taxpayers want from the president’s SARS inquiry

7 June 2018 | Press Releases

Acting SARS chief Mark Kingon acknowledges that restoring taxpayers’ trust in the revenue service is vital to improving tax morality...Read more

Salary payment still best option for business owners

6 June 2018 | Press Releases

Tax experts say small business owners have three options; a salary, dividends paid from after-tax profits and borrowing from the company...Read more

Sars shortens tax filing season by three weeks

5 June 2018 | Press Releases

Concern, indifference about impact..Read more

Your deadline to file your tax return just got a lot shorter

4 June 2018 | Press Releases

The South African Revenue Service (SARS) has reduced the length of tax filing season by three weeks...Read more

SARS cuts short tax filing period

4 June 2018 | Press Releases

The South African Revenue Service is shortening its window for filing tax returns....Read more

Sars showing its teeth

1 June 2018 | Press Releases

The South African Revenue Service (Sars) has taken out one of its most powerful weapons..Read more

Time to rethink foreign trust structures

29 May 2018 | Press Releases

Foreign trusts have historically been the “automatic structure” chosen to hold funds remitted offshore by South African tax residents....Read more

Shorter filing season will put pressure on taxpayers

28 May 2018 | Press Releases

The South African Revenue Service (SARS) has indicated that the filing season will be three weeks shorter this year to allow SARS more time to verify information supplied to them and to finalise audits....Read more

Why you need to sort out your tax-residency status

28 May 2018 | Press Releases

The lack of clear definitions to determine an individual’s tax resident status has led to different interpretations — resulting in myths and misconceptions, and unintended consequences....Read more

Ramaphosa names new presiding officer on Moyane’s inquiry

22 May 2018 | Press Releases

President Cyril Ramaphosa has decided to appoint a new presiding officer to head the inquiry into disciplinary charges against SARS Commissioner Tom Moyane....Read more

SARS wants to cut tax season 2018 by a month

16 May 2018 | Press Releases

The South African Revenue Service (SARS) has proposed shortening the annual filing season in 2018 by almost a month....Read more

Fast uptake of global exchange of information for tax purposes is ‘admirable’

15 May 2018 | Press Releases

However, concerns about confidentiality and clients not understanding the magnitude of the implementation of global tax transparency remain....Read more

Still some way to go for greater international tax transparency

15 May 2018 | Press Releases

The quick implementation of the global exchange of financial information for tax ...Read more

Problems persist with the V

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