SA stocks and long-term government bonds are cheap, but not excessively so

How foreign investors and rating agencies view the outcome of the general election will affect the direction of bond yields and equity prices.

Kieswetter agrees to extended term as SARS head amid economic challenges

The commissioner says the Revenue Service has put measures in place to meet the revised estimate for revenue collection.

New tax reforms edge closer: public comment open on four draft Bills

The Draft Global Minimum Tax Bill aims to enforce a 15% multinational top-up tax on multinational enterprise groups, aligning with global efforts to implement a comprehensive system of minimum taxation.

Digital drive fuels compliance, latest tax statistics show

Tax experts Louis Botha and Nicholas Carroll from Cliffe Dekker Hofmeyr discuss the significance of 2023 Tax Statistics, emphasising the potential impact of additional tax measures, the growth of the taxpayer base, and insights into Company Income Tax trends.

Time’s ticking for provisional taxpayers to submit Income Tax Returns

With just days left for provisional taxpayers to submit their returns, here is what they need to know to navigate the essentials and avoid penalties.

South Africa undertakes to implement Crypto-asset Reporting Framework

As global jurisdictions, including South Africa, gear up to implement the Crypto-Asset Reporting Framework by 2027, a new era of tax compliance and intensified efforts to combat crypto-related tax evasion is on the horizon.

Tax implications of cryptocurrency transactions

“SARS is tightening tax collection on cryptocurrency transactions, which makes it important to distinguish between events that will trigger income tax rates or CGT rates.” Thus notes Webber Wentzel’s Joon Chong and Lumen […]

Do I need to file an income tax return for the 2021 tax year?

Filing season opened on 1 July 2021, with a significant number of taxpayers being assessed automatically. Key dates to diarise: 1 July to 23 November 2021 – for non-provisional taxpayers filing online. 16 […]

SARS: Tax dodgers can run, but can’t hide

So called high-net-worth-individuals came under the spotlight during the announcement by the South African Revenue Service (SARS) of its preliminary revenue results on 1 April 2021 after a year of National COVID-19 lockdown […]

SARS: Tax dodgers can run, but can’t hide

SARS closing loopholes for high-net-worth individuals

“The days of wealthy taxpayers’ tax compliance status not being fully tested by SARS are well and truly over,” Peter Dachs, head of ENSafrica’s tax department writes in Business Day. According to SARS […]

Tax complaints – Who to turn to

The role of the Tax Ombud (OTO) is to review taxpayers’ complaints against SARS and help resolve them through mediation or conciliation. OTO’s CEO, Prof Thabo Legwaila, recently reiterated the importance of fairness […]

Tax complaints – Who to turn to

Common errors with tax returns – SARS taking a tough stance on submissions

Various recent media reports commented on the planned changes to the tax legislation which could see common errors on tax returns resulting in jail time. “New draft legislation seeks to scrap the concept […]

Working from home – Can you claim from SARS?

“Amid some uncertainty, SARS has confirmed that full-time employees will be able to claim home-office expenses during lockdown. But you have to work from home for at least six months of the tax […]

Working from home – Can you claim from SARS?

Important pointers on contributing to registered charities

I had two dear friends who were just good people. One day they came to me and introduced me to their new cause; an orphanage taking care of young children. You do not […]