‘Sensible ruling’ on the cession of a loan account to a special trust
Binding Private Ruling addresses the donations tax and CGT consequences resulting from the beneficiary of a special trust ceding his loan account against the trust to that trust.
Income Tax
Understand when tax is triggered on crypto assets
Clarity on when a gain is considered revenue or capital.
Are you really getting an extra R50 000 at retirement?
The impact of the 10% adjustment to the lump-sum retirement benefits table may be less than you think.
What you should know about auto-assessments in the 2022 tax filing season
The South African Revenue Service (Sars) has introduced some changes to the auto-assessment process this year to make it easier for taxpayers to file their income tax returns. If you are not a […]
Payroll tax, surcharge on income tax will be considered to fund NHI
A payroll tax and a surcharge on personal income tax will be considered as additional sources of funding for National Health Insurance (NHI) once the necessary reforms “are ready”, the Department of Health’s […]
Now Sars can penalise you if you have only one outstanding tax return
As the 23 November deadline looms for non-provisional taxpayers, the South African Revenue Service (Sars) warns it has more scope to impose penalties on taxpayers who do not submit their returns on time. […]
Expat tax kicks in soon – Those affected need to heed implications
South African’s living and working abroad are preparing themselves for the new amendments to the Income Tax Act, which have been dubbed the expat tax, to come into effect from 1 March 2020. The National […]
