ConCourt judgment in Capitec vs SARS clarifies important VAT principles

The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.

Treasury makes some concessions on drastic tax proposals

Update on draft legislation: the requirement for foreign employers to withhold PAYE, Practice Note 31, and the foreign business establishment exemption.

Retirement funds and salaries are not a refuge from the taxman

Lump sums, monthly annuities and salaries are not off-limits to the long arm of the taxman. Taxpayers who have failed to pay their tax debts in full to the South African Revenue Service […]

Higher tax deductions for pensioners who receive income from more than one source

Many pensioners who received their retirement income from more than one source had lower tax deductions, based on the tables applicable to the individual incomes. This often resulted in tax shortfalls at the […]

Tax change for taxpayers who receive employer and pension income

The SA Revenue Service (Sars) will introduce changes to its systems from 1 March 2022 so that taxpayers who receive income from more than one source, and where one of the sources is […]

Should companies defer their PAYE obligations?

Jean du Toit, Head of Tax Technical at Tax Consulting South Africa, discusses the implications of President Ramaphosa’s announcement on 25 July that government will provide continued support to businesses by deferring employees’ […]