New tax clearance process for emigration and remittance of funds abroad
‘The new process comes down to more detailed and targeted requests for information regarding exit capital.’
Discovery Health Medical Scheme’s contribution adjustments will be more evenly distributed across its members, highlighting the widespread effects of increasing medical inflation on contribution rates.
‘The new process comes down to more detailed and targeted requests for information regarding exit capital.’
Questions remain whether the automation of certain procedures will have the desired results.
They concern two deductions: non-business-related interest expenses and fees paid to tax practitioners for completing tax returns.
A failure to file tax returns may result in penalties, for which the directors may be held personally liable.
Trustees will have to report directly to Sars, outside of the current trust tax return process, and before the trust tax return is due.
Grey-listing reduces a country’s GDP growth by between 0.5% and 1.5%, says economist Iraj Abedian.
How the limitation on setting off assessed losses against taxable income affects life insurers and policyholders.
Taxpayers should formulate comprehensive grounds of objection and appeal from the beginning of the dispute resolution process.
One of the unforeseen consequences could be the premature acquisition of rights.
The Supreme Court of Appeal and the SA Revenue Service have different views on what exactly this term means.
The two core components that must be met to claim a bad-debt write-off from Sars
Companies that incur finance charges should also take note of a recent court case regarding the tax treatment of related or similar finance charges.
A major concern is the contingent liability guarantees of municipalities and some of the state-owned enterprises.
If a trust is not valid, the trustees can be held personally liable for any taxes related to the trust activities.
The South African Revenue Service (Sars) collected an additional R3 billion through its voluntary disclosure programme (VDP) and prevented tax leakage of another R865 million during the 2021 tax year. However, the latest […]
South Africans are increasingly mobile, either working abroad, staying abroad for extended periods, or opting to retire outside of South Africa. This has increased the focus on foreign pension products because South African […]
The limitation on companies setting off any assessed losses against taxable income is about to hit home. Companies that are making a loss will have to find the cash to pay tax on […]