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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


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


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 VCC tax initiative

14 May 2018 | Press Releases

Preliminary results from a study into the design of the Venture Capital Company (VCC) ...Read more


Corporate tax rate in need of review

20 April 2018 | Press Releases

South Africa’s corporate tax rate is high compared to its most important trading partners,...Read more


Sars tackles non-compliance with submission of tax returns

18 April 2018 | Press Releases

The South African Revenue Service (Sars) has now started acting on its threat that it will take legal action against taxpayers who are failing to submit their tax returns....Read more


Taxpayer rights get boost from the courts

13 April 2018 | Press Releases

Several court decisions have clearly illustrated that taxpayers’ rights can and will be protected...Read more


No wealth tax yet, but bigger administrative burden awaits taxpayers

13 April 2018 | Press Releases

Taxpayers may be forced to submit a statement of all their assets and liabilities from 2020 to inform a future decision about a wealth tax in South Africa....Read more


Concern about non-compliant tax practitioners

5 April 2018 | Press Releases

The South African Revenue Service (Sars) has become aware of a “disturbing trend” where tax practitioners themselves fail to be tax compliant....Read more


[LISTEN] SARS fails to reach tax collection target

5 April 2018 | Press Releases

The South African Revenue Services (Sars) has missed its tax collection target, with Finance Minister Nhlanhla Nene raising concerns about tax compliance in the country....Read more


Naspers’s Tencent sale will not stuff tax coffers

3 April 2018 | Press Releases

Naspers may have scored billions of rand of profit on the sale of a portion of its 17-year-long investment in Tencent but the South African taxman will see little benefit....Read more


It’s tax crunch time, but outlook is positive

1 April 2018 | Press Releases

From today, South Africans will have to swallow the bitter economic pill of multiple tax increases, but economists say South Africa’s economic situation has improved enough to offset consumers’ losses....Read more


Move to scrutinise collective schemes raises tax concerns

26 March 2018 | Press Releases

The National Treasury’s intention to re-examine the tax treatment of trading profits in collective investment schemes has raised concerns about the potential effect on the industry and investors in these schemes....Read more


Rolling heads at Sars may prevent further downgrades

22 March 2018 | Press Releases

The removal of Tom Moyane as commissioner of the South African Revenue Service (Sars) has been on the cards for some time....Read more


VAT increase: Practical issues for companies to consider

19 March 2018 | Press Releases

Tax and law firms have been highlighting some practical implications, which companies will ...Read more


Higher taxes for large estates, but roll-over relief remains in place

15 March 2018 | Press Releases

Tax commentators have welcomed the fact that Malusi Gigaba, the former Minister of Finance, did not implement a recommendation by the Davis Tax Committee on roll-over relief for spouses in his last budget as Minister....Read more


SARS debt collection strategy raises questions

13 March 2018 | Press Releases

The South African Revenue Service’s (SARS’s) appointment of eight agencies to recover billions of rand in outstanding taxes could...Read more


New economic zones are no cure-all for manufacturing

9 March 2018 | Press Releases

The approval of six special economic zones (SEZs) in the 2018 budget has been welcomed,...Read more


Sugar tax may be first of several ‘health promotion’ measures

6 March 2018 | Press Releases

The introduction of the euphemistically called ‘health promotion tax’ – a tax on sugary drinks – is expected to generate around R2 billion in tax revenue....Read more


Regering moet belastinghantering van opgeloopte pensioenvoordele buite Suid-Afrika hersien

1 March 2018 | Press Releases

Nasionale tesourie het voorstelle gemaak ten opsigte van die hantering van bydraes tot pensioenfondse wat opgeloop het terwyl Suid-Afrikaners in die buiteland gewerk het....Read more


VAT increase was ‘unavoidable’

27 February 2018 | Press Releases

The increase in the Value Added Tax (VAT) rate to 15%, the first in 25 years, will raise the cost of living for all households in South Africa....Read more


Between rock and a hard place VAT

25 February 2018 | Press Releases

The increase on Value-added Tax (VAT), the first in 25 years, will increase the cost of living for all households in South Africa....Read more


Realistic and pragmatic approach to current fiscal dilemma

22 February 2018 | Press Releases

Tax and policy commentators said the 2018 Budget was pragmatic and realistic given the current fiscal dilemma the country finds itself in. ...Read more


An urgent plea for a rethink of new debt waiver rules

19 February 2018 | Press Releases

Tax experts and industry bodies have made an urgent plea for an amendment...Read more


What nasty changes can taxpayers expect in the budget?

17 February 2018 | Press Releases

One thing taxpayers require is clarity on the future source and cost of energy, Andrew Wellsted tells Amanda Visser...Read more


Tax community makes urgent plea for a rethink of new debt waiver rules

15 February 2018 | Press Releases

Tax experts and industry bodies have made an urgent plea for an amendment to and a postponement of new debt waiver rules which became effective last month (January 2018)....Read more


SARS gets heavy-handed with taxpayers over debts — but is flouting its own rules

12 February 2018 | Press Releases

Taxpayers are getting legal threats when they still have objections pending. The Tax Ombud says as this is a systemic issue, taxpayers can go straight to the ombud....Read more


Tax break for employees on voluntary retrenchment benefits

9 February 2018 | Press Releases

The South African Institute of Tax Professionals (SAIT) recently made submissions to the South African Revenue Service (SARS) regarding the tax treatment of amounts received in consequence of voluntary retrenchments. SAIT has received clarification that voluntary severance packages qualify as severance benefits....Read more


Be aware of correct tax treatment of severance benefits

8 February 2018 | Press Releases

The South African Revenue Service (Sars) relooked its policy on the tax treatment of voluntary severance packages, and whether they qualify as “severance benefits”....Read more


When not to use a tax-free account

5 February 2018 | Press Releases

Financial planners can think of very few reasons why not to invest in tax-free savings accounts (TFSAs). The benefits are clear....Read more


Tax hikes and austerity: Gigaba’s tough balancing act

1 February 2018 | Press Releases

As finance minister Malusi Gigaga prepares to deliver his maiden budget speech, he faces a mammoth task:...Read more


SARS gets tough as outstanding tax returns hit 27-million

31 January 2018 | Press Releases

The South African Revenue Service has warned it plans to take a tougher stance against taxpayers who deliberately avoid their tax obligations. ...Read more


VAT rate increase – if not now, when?

24 January 2018 | Press Releases

South Africa’s Value Added Tax (VAT) rate has not been increased in 25 years, despite numerous calls for this to be addressed in a way that will ensure much-needed revenue without undue hardship to the poor....Read more


ANALYSIS: Populist policies make the road even rougher for South Africa

22 January 2018 | Press Releases

Academics warn policies such as free higher education condone financial indiscipline and come with severe consequences...Read more


Sars considers tax courts again to curb non-compliance as submissions drop

13 December 2017 | Press Releases

The SA Revenue Service (Sars) is considering the re-establishment of criminal tax courts following a rise in the number of taxpayers failing to submit their annual tax returns....Read more


Davis tax report proposes bill of rights

06 December 2017 | Press Releases

The Davis tax committee and the office of the tax ombud have again stressed the need for the introduction of a taxpayer bill of rights and a service charter to guarantee taxpayers’ rights. ...Read more


ANALYSIS: SARS intensifies focus on the rich and ultra-rich with expanded team

05 December 2017 | Press Releases

The South African Revenue Service (SARS) now has a team of 30 people who focus exclusively on rich individuals and their tax affairs...Read more


Searching for clients on Gumtree led to a “purely millennial” accountancy firm

04 December 2017 | Press Releases

At just 24, award-winning accountant Bakana Ngulani has proven that he is the master of his fate and the captain of his soul after founding...Read more


Too many plans, little implementation harming SA’s economy

29 November 2017 | Press Releases

The Presidency and finance minister Malusi Gigaba this week issued statements about the urgency of addressing the challenges...Read more


New rules leave debt relief dead in the water

27 November 2017 | Press Releases

The introduction of new debt reduction rules seems hell-bent on taxing companies in financial distress when they receive any form of debt relief....Read more


‘Sars using procedural tactics to collect additional revenue’

15 November 2017 | Press Releases

As stakeholders await more information about the commission tasked with the inquiry into tax administration and governance at the South African Revenue Service (Sars), some tax practitioners have reported a marked increase in verification or audits. ...Read more


Concern and support for higher education funding plans

14 November 2017 | Press Releases

Two government initiated reports on the feasibility of fee-free education – one by the Presidency and one by the National Treasury – suggest a “cost sharing model” to fund future tertiary education....Read more


Carbon tax delay risks SA’s exports of the future

14 November 2017 | Press Releases

The latest emissions gap report by the UN Environment Programme shows a "catastrophic" gap between the pledges ...Read more


Rumblings of a quiet tax revolt bubble up as Gigaba launches inquiry into SARS shortfall

9 November 2017 | Press Releases

R50-billion. That’s how much the government is currently missing in taxes. Announcing the establishment of an urgent inquiry into the cause of the hole in SARS’...Read more


SARS inquiry surprises experts

8 November 2017 | Press Releases

Finance Minister Malusi Gigaba has cited declining tax morality and negative sentiment on the South African Revenue Service (SARS)...Read more


WATCH: Irate SA taxpayers could be on the verge of a revolt

1 November 2017 | Press Releases

Piet Nel from the South African Institute of Tax Professionals discusses whether a tax revolt may be brewing in SA....Read more


Options for taxpayers who submit inaccurate returns

31 Oct 2017 | Press Releases

Taxpayers may approach the South African Revenue Service for an “agreed assessment” if they are unable to submit an accurate tax return....Read more


Treasury softens sledgehammer approach to taxing share buybacks

28 October 2017 | Press Releases

Provisions to curb the abuse of corporate share buyback transactions to avoid paying capital gains tax have been relaxed....Read more


Reducing SA’s widening revenue deficit

27 Oct 2017 | Press Releases

Following the medium-term budget policy statement it has become highly probable that the government may seek to raise taxes to counter the burgeoning gap between revenue and taxes....Read more


WATCH: The 2016/17 Annual Tax Ombud report: What you need to know

19 Oct 2017 | Press Releases

This week saw the public release of the annual report by the Office of the Tax Ombud (OTO) presented by Tax Ombud Judge Bernard Ngoepe at the Unisa Muckleneuk campus in Pretoria....Read more


Groundbreaking decision for mining companies

17 Oct 2017 | Press Releases

A groundbreaking order in the Pretoria High Court has brought much needed clarity on the way mining companies must determine gross sales of minerals....Read more


WATCH: Drastic increase in taxpayer complaints against SARS

17 Oct 2017 | Press Releases

The Office of the Tax Ombud has seen a drastic increase in the number of complaints raised by individuals and representatives from taxpayers....Read more


OPINION: Trusts - do they stay or do they go

14 Oct 2017 | Press Releases

Constant legislative changes affecting the taxation of trusts have raised questions about the future viability of the structures which are in place....Read more


Sars gets R1bn revenue boost from undeclared offshore assets

12 Oct 2017 | Press Releases

The South African Revenue Service (Sars) has collected slightly more than R1 billion from the Special Voluntary Disclosure Programme (SVDP) in 2016....Read more


Dti publishes a full list of grant recipients for the first time

29 Sept 2017 | Press Releases

Incentives offered by the Department of Trade and Industry amounted to R12 billion for the 2016-2017 financial year which attracted an estimated R39 billion in investment....Read more


NEWS ANALYSIS: Taxpayers pay the price for poor communication from SARS

27 Sept 2017 | Press Releases

‘If SARS can simply escape this obligation to give taxpayers an opportunity to be heard before having to pay,...Read more


Gigaba Urges Tax Practitioners To Help Combat Illicit Financial Flows

12 Sept 2017 | Press Releases

Finance Minister Malusi Gigaba has on Monday, urged South African tax practitioners to assist government in combating corruption, money laundering and illicit financial flows which deprive taxpayers their deserved benefits....Read more


Gigaba urges tax practitioners to help combat illicit financial flows

11 Sept 2017 | Press Releases

Finance Minister Malusi Gigaba has on Monday, urged South African tax practitioners to assist government in combating corruption, money laundering and illicit financial flows which deprive taxpayers their deserved benefits....Read more


Minister of Finance to Address Tax Indaba

11 Sept 2017 | Press Releases

[Govt of SA] Commissioner of SARS, Chief Executive of the South African Institute of Tax Professionals, Mr. Keith Engel, Ladies and Gentlemen: I am pleased to join you this morning to open the 2017 Tax Indaba.......Read more


Gigaba urges govt to reduce wasteful expenditure

11 Sept 2017 | Press Releases

Gigaba addressed the South African Institute of Tax Professionals’ Tax Indaba in Sandton...Read more


'Action must be taken to ensure corporates pay their fair share'

11 Sept 2017 | Press Releases

Finance Minister Malusi Gigaba has on Monday, urged South African tax practitioners to assist government in combating corruption...Read more


Gigaba 'Tax morality means a reduction in corruption'

11 Sept 2017 | Press Releases

Gigaba addressed the South African Institute of Tax Professionals’ Tax Indaba in Sandton on Monday. ...Read more


Tax Indaba 2017: Taking stock of the tax climate

11 Sept 2017 | Press Releases

NASTASSIA ARENDSE: I’m joined on the line by Keith Engel, who is the CEO of the South African Institute of Tax Professionals....Read more


'Action must be taken to ensure corporates pay their fair share'

11 Sept 2017 | Press Releases

Johannesburg - Finance Minister Malusi Gigaba has on Monday, urged South African tax practitioners to assist government in combating corruption, money laundering and illicit financial flows which deprive taxpayers their deserved benefits. ...Read more


Gigaba urges tax practitioners to help combat illicit financial flows

11 Sept 2017 | Press Releases

JOHANNESBURG – Finance Minister Malusi Gigaba has on Monday, urged South African tax practitioners to assist government in combating corruption, money laundering and illicit financial flows which deprive taxpayers their deserved benefits. ...Read more


Speech by Minister of Finance Malusi Gigaga at Tax Indaba 2017

11 Sept 2017 | Press Releases

Commissioner of SARS, Chief Executive of the South African Institute of Tax Professionals, Mr. Keith Engel, Ladies and Gentlemen: I am pleased to join you this morning to open the 2017 Tax Indaba. ...Read more


WATCH: Minister of Finance to address tax indaba

11 Sept 2017 | Press Releases

JOHANNESBURG - A tax indaba is taking place at the Sandton Convention Centre. The focus on Monday will be on policy ...Read more


Post Analysis - Minister Malusi Gigaba - Tax Indaba 2017

11 Sept 2017 | Press Releases

Gigaba addresses tax indaba...Read more


Sars unduly delays tax refunds in some cases, Ombud finds

5 September 2017

However, it appears unlikely that its damning findings would significantly improve the situation. ...Read more


Tax Ombud finds the delay of refunds caused undue hardship

5 September 2017

The resulting financial hardship to taxpayers because of the delays has been “drastic” in some instances, leading to near closure of businesses ...Read more


Penalties on non-submission of returns reversed

3 September 2017

Tax practitioners have earlier been inundated with complaints from taxpayers who received penalties for non-compliance ...Read more


Treasury urged to review double tax on expat workers

29 August 2017

Tax experts on Tuesday urged National Treasury to give careful consideration to the economic implications of repealing a provision that exempts certain South Africans who work overseas from paying tax in South Africa. ...Read more


Taxpayers get time bump-out for undisclosed foreign assets

28 August 2017

The South African Revenue Service (Sars) has made some concessions to assist taxpayers ...Read more


Bargaining councils offered reprieve over neglected benefit deductions

28 August 2017

Certain bargaining councils have apparently neglected to deduct employees’ tax on benefits given to their members for decades ...Read more


Narrowing of debt relief in current economic climate raises questions

11 August 2017

New proposed rules pertaining to the tax consequences of debt relief between companies ...Read more


PODCAST: Business Buzz – Tax

8 August 2017

Taxes affect us all in way or another. Whether it’s paying income taxes and VAT or funding public spending ...Read more


Belastingplan is onbesonne

06 August 2017

Voorgestelde wetswysigings om die belastingvrystelling op Suid-Afrikaners se buitelandse salarisse te skrap wat hulle aan dubbele belasting (in Suid-Afrika en die land waar hulle werk) kan onderwerp, het ‘n geskarrel veroorsaak. ...Read more


Should importers have to pay VAT and duties on goods stolen from a customs warehouse?

5 August 2017

SARS says yes, but a court disagrees, in a ruling that could also be brought to bear in certain cases of hijacking and theft of goods in transit ...Read more


Annuitisation of provident fund benefits postponed again

3 August 2017

Changes to the tax treatment of provident funds, introduced as part of broader retirement reforms ...Read more


Buyback tax rules: a sledgehammer, where a scalpel would do better

27 July 2017

Experts say plans to do away with tax breaks on share buybacks will affect transactions done for legitimate commercial reasons ...Read more


Wasted tax money affects willingness to pay

26 July 2017

Mind-numbing revelations about state capture, corruption and the squandering of tax money seems to increase the unease of people to continue financing government spending. ...Read more


UAE tax treaty ‘not designed to help the Guptas’

25 July 2017

The Treasury has reacted to reports that SA’s tax treaty with the United Arab Emirates (UAE) will help the Gupta family avoid tax ...Read more


Draft tax proposals hold nasty surprise as exemption repealed

24 July 2017

The newly released draft Taxation Laws Amendment Bill holds some nasty surprises, with the end not yet in sight. ...Read more


Timing raises new questions over treaty with Gulf tax haven

23 July 2017

The Gupta family sought advice on how to move tens of billions of rands to the United Arab Emirates, revealing the enormous size of their empire. ...Read more


Draft tax bills published for comment

22 July 2017

National Treasury and the South African Revenue Service (SARS) published the 2017 Draft Taxation Laws Amendment Bill and the 2017 Draft Tax Administration Laws Amendment Bill. ...Read more


'Draft Taxation Laws Amendment Bill holds some nasty surprises'

21 July 2017

The newly released draft Taxation Laws Amendment Bill holds some nasty surprises, with the end not yet in sight. ...Read more


What SARS could gain, and taxpayers lose, with scrapping of 183-day exemption

20 July 2017

The South African Revenue Service (SARS) could bring in significant extra revenue with its plan to scrap the 183-day exemption on foreign employment income, but it will be tough on individuals and employers, tax analysts say. ...Read more


Taxpayers get penalty surprises

19 July 2017

Several taxpayers have complained about receiving penalties for being non-compliant in the submission of tax returns for prior tax years. ...Read more


Sars irons out glitches with new income tax return

14 July 2017

Taxpayers and their advisors are struggling with some of the changes to the new tax returns ...Read more


More clarity on reporting requirements for multinationals

5 July 2017

Several South African-based multinational companies have less than six months ...Read more


Tax season starts: Four things you should know

3 July 2017

The 2017 Tax Season officially kicked off on July 1 for eFilers ...Read more


SARS has a bigger mountain of paperwork for you to climb this tax season

1 July 2017

The annual tax filing season has started and taxpayers must be aware of some significant changes to the new return for the 2017 tax year. ...Read more


Tax season just one day away!

30 June 2017

Tis Tax Season as of tomorrow 1 July! ...Read more


New taxpayer verification process painful, but necessary

29 June 2017

Taxpayers will in future have to appear in person at a branch office of the South African Revenue Service ...Read more


Pick your battles carefully in tax season: expert advice

26 June 2017

SARS is a stickler for documentation and a tardy payer, so don’t claim unless your records are complete, and don’t overpay unless you’re prepared to wait for your refund ...Read more


How ending tax exemption on foreign income could affect your employees

16 June 2017

A proposed scrapping of the tax law might lead to more younger people in middle management cutting ties ...Read more


Foreign income change to increase cost of employment

15 June 2017

National Treasury, asking for a proper investigation into the impact of scrapping an existing income ...Read more


New incentive scheme to boost agro-processing and exports

7 June 2017

An incentive scheme designed to boost investments in new and existing agro-processing ...Read more


Unhappiness about implementation date of dividend tax hike

6 June 2017

The standing committee on finance hosted public hearing on the Rates and Monetary Amounts and Amendment ...Read more


Finding the best way to tax the wealthy

6 June 2017

As attractive as it may be to tax the wealthy, it seems that the proposed wealth tax options ...Read more


Deadline for banks to submit third-party data to SARS has come and gone

5 June 2017

The deadline for financial institutions to submit third-party data to the South African Revenue Service (SARS) has come and gone. ...Read more


New reporting requirements for SA financial institutions

5 June 2017

The institutions, which include banks, long-term insurers and asset managers, had to exchange ...Read more


3 Steps to Choosing the Right Tax Practitioner

31 May 2017

While the introduction of E-filling by the South African Revenue Service (SARS) has slightly eased the burden of taxpayers from making mistakes on their annual tax returns, ...Read more


New reporting will be costly and time consuming

25 May 2017

South African financial institutions, which include banks, long-term insurers and asset managers, ...Read more


Rise in tax disputes set to continue

22 May 2017

Tax experts agree that the number of disputes between taxpayers and the tax authority ...Read more


Non-executive directors must charge VAT on fees

15 May 2017

Time is running out for non-executive company directors to register for and charge Value Added Tax (VAT) ...Read more


NEWS ANALYSIS: A Piketty-style wealth tax would probably do more harm than good

3 May 2017

Wealth taxes are more about social engineering ...Read more


The price of a wealth tax in South Africa

2 May 2017

The hotly-debated issue of a wealth tax ...Read more


Davis-Kommitee: Nog belasting op rykes oorweeg

26 April 2017

Is nog ‘n welvaartbelasting op pad vir Suid-Afrikaners?  ...Read more


Tax Laws are not always fair

25 April 2017

A recent tax case demonstrated quire clearly how paying tax under a "statutory obligation" might seem "unfair",  ...Read more


Tax revolt: The frustration is growing

13 April 2017

“Nothing but a tax revolt will turn this ship around.” ...Read more


Tax and employee transport

6 April 2017

The lack of adequate transport hs forced many companies to provide transport services ...Read more


Corporates contributing less tax

6 April 2017

The contribution of corporate income tax to total tax collections in South Africa has diminished over the years. ...Read more


Good news for employers who offer transport service to employees

4 April 2017

A lack of adequate public transport has forced many companies to provide transport services to their employees ...Read more


Miners face a potentially hefty increase in royalties

21 March 2017 

Mining companies face a significant increase in the royalties they pay if the taxman’s current interpretation of the Mineral and Petroleum Resources Royalty Act carries. ...Read more


Mining law could hurt industry

20 March 2017 

The interpretation of the Mineral and Petroleum Resources Royalty Act on expenses incurred by mining companies may have dire consequences for the embattled industry. ...Read more


Intellectual-property exchange control eased, but don’t get too excited

15 March 2017 

Legal and tax experts have welcomed the recent announcement on some relaxation of exchange-control restrictions relating to intellectual property. ...Read more


Ganse wat goue eiers lê kan vlieg

08 March 2017 | Press Releases 

Hoë-inkomsteverdieners bly in die visier van die regering danksy verskeie belastingverhogings ...Read more


Removal of VAT zero rating second best prize to increased rate

5 March 2017 

The taxi industry will be hard-hit once the proposed scrapping of the Value Added Tax (VAT) zero rating on diesel and petrol is implemented. ...Read more


Working overseas? You could soon face a less generous tax exemption

4 March 2017 

Treasury is tightening up a system that has led, in some cases, to South Africans not paying any tax at all ...Read more


Charging VAT on fuel will hit the taxi industry

2 March 2017

The taxi industry will be hard-hit once the proposed scrapping of the Value-Added Tax (VAT) zero rating on diesel and petrol is implemented. ...Read more


SA is approaching a tax tipping point, experts warn

01 March 2017 | Press Releases 

Deeper cuts in state spending are needed, and the burden on individuals is unsustainable, tax experts tell MPs in public hearings on the budget ...Read more


Beware of tax traps when you choose a retirement solution

01 March 2017 | Press Releases 

South Africans are spoilt for choice when it comes to retirement savings products, however many forget to consider the tax implication of their choice. ...Read more


Diesel refund reforms welcomed

28 February 2017

The diesel tax refund system and its administration are set for an overhaul to address anomalies in the system and to find more “equitable” rules ...Read more


Criteria for refunds on diesel tax have been changed

28 February 2017 | Press Releases 

The emphasis is now on what a user does, rather than their status — a change that has been welcomed — but there is still concern that compliance is onerous and confusing ...Read more


Tax-efficient retirement savings

28 February 2017 | Press Releases 

The role of tax in finding the right retirement solution is vital. ...Read more


SARS se ooreenkoms om belastinginligting met tientalle ander internasionale owerhede uit te ruil

27 February 2017 | Press Releases


Little to no recovery from pension withdrawal

27 February 2017 | Press Releases 

Far too many South Africans succumb to the temptation of “living it up” when they change jobs by cashing in their retirement savings and consuming it. ...Read more


Silence and threats about tax incentives worrisome

24 February 2017

Government’s historic reluctance to offer tax incentives to attract investments was clearly demonstrated through the negative comments in the 2017 Budget ...Read more


Reflections on S.A's Budget 2017: Navigating fiscal constraints

24 February 2017 | Press Releases 

Reflections on S.A's Budget 2017: Navigating fiscal constraints ...Read more


‘SA can grow at 3% by doing the basics right’

24 February 2017 | Press Releases 

South Africa just needs to do the basics right to reach an economic growth rate of 3%, the head of Goldman Sachs in South Africa has argued. ...Read more


Threats about tax incentives worrisome

23 February 2017

Governments historic reluctance to offer tax incentives to attract investments was clearly demonstrated through the negative comments in the 2017 Budget Review, ...Read more


You don’t have to be rich to be hit by Gordhan’s harsh new dividend tax

23 February 2017 | Press Releases 

SA’s wealthy individuals are most probably testing their financial wings to fly to more lenient tax jurisdictions after drastic tax proposals announced by Finance Minister Pravin Gordhan in his budget speech on Wednesday. ...Read more


South African Activists Want Public Tax Disclosure In Mining

23 February 2017 | Press Releases 

Tax justice campaigners in South Africa plan to press the government for a review of the tax system ...Read more


Prof. Keith Engel found no surprises in the 2017 Budget Speech

22 February 2017 | Press Releases 

Keith, was this what you were expecting ...Read more


VAT rule to hurt non-executive directors

15 February 2017 | Press Releases 

After years of uncertainty about the status of non-executive directors and how their income should be taxed, this has been resolved, but with far-reaching consequences. ...Read more


Tax hikes likely as South Africa tries to plug deficit

14 February 2017 | Press Releases 

Finance Minister Pravin Gordhan is set to announce higher tx rates ...Read more


Leaving your estate to your spouse could be expensive, if Davis proposals are adopted

 

11 February 2017 | Press Releases 

An increase in the estate duty rate and a potential doubling of the capital gains tax rate for individuals ...Read more


#Budget2017: Are exchange controls an issue?

13 February 2017 | Press Releases 

South Africa first introduced exchange control in 1939 in the form of the emergency finance regulations. ...Read more


Taxing the wealthy to death and beyond

08 February 2017 | Press Releases 

An increase in the estate duty rate and a potential doubling of the capital gains ...Read more


#Budget2017 is going to be painful

01 February 2017 | Press Releases 

Direct and indirect tax increases are a must, and by the looks of things ...Read more


#Budget2017 is going to be painful

01 February 2017 | Press Releases

The tax announcements in this year’s budget will test the pain tolerance levels of all taxpayers. ...Read more


‘Surcharge tax on wealthy individuals could be on the cards’

01 February 2017 | Press Releases 

Finance minister Pravin Gordhan may introduce a temporary special levy or surcharge on individuals with earnings above a set threshold ...Read more


Piet Nel - Nuwe Belastingwette - 30 Jan 2017

Verandering in die belasting wetgewing

30 January 2017 | Press Releases

...Read more

 


What you need to know about South Africa’s new tax laws

24 January 2017 | 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 selling a business. …Read more


Experts call for easier plan to tax hidden cash

31 August 2016 | Press Releases

Tax experts have unanimously called for the Treasury’s special voluntary disclosure programme to be made simplified and for the application period to be extended to ensure that more people come forward to declare their illegally hoarded offshore assets …Read more


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


Formal emigration back on cards for lump sum withdrawals

8 August 2016 | Press Releases 

Ceasing to be a tax resident alone may no longer allow for large withdrawals …Read more


SARS may be happy with its debt collectors, but the move has drawn flak

6 August 2016 | Press Releases

SARS says it is satisfied with the services of the three debt collectors it has appointed …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 proces

 

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