The introduction of the two-pot retirement system has triggered a wave of withdrawal applications, prompting concerns over tax liabilities and the need for improved financial education.
As the two-pot system rolls out, fund administrators are receiving a wave of withdrawal claims, highlighting the financial squeeze many are feeling.
The Tax Ombud is investigating SARS for potential service failures in addressing eFiling hijacking, with a review under way to uncover systemic issues.
An Interpretation Note provides clear guidelines on when a practitioner can be prohibited from registering or deregistered due to non-compliance.
A request for a tax directive will be declined if a member is not a registered taxpayer or has outstanding returns.
The declaration follows the Constitutional Court’s ruling in the asset manager’s favour in a tax dispute with SARS.
The amendments will relieve offshore companies from VAT registration when supplying services to domestic vendors, aligning SA with global best practice.
The draft Taxation Laws Amendment Bill addresses a critical anomaly in trust anti-avoidance legislation. By narrowing the transfer pricing exemption, the Bill ensures that only the correct portion of cross-border trust loans escapes double taxation.
If a person’s year of assessment is less than 12 months, the allowable retirement contribution deduction will be applied pro rata.
The revenue authority apologises to the 30 000 taxpayers whose refund payments were reversed.
This year’s return provides for claiming the residential solar energy tax rebate or a tax deduction in respect of the renewable energy tax incentive.
Lieutenant General Godfrey Lebeya details the cases involving financial crimes investigated by the Hawks.
The departure point in determining whether a company qualifies for the foreign business establishment tax exemption is what it actually does.
Coronation withdraws cautionary to shareholders following victory in litigation with SARS over the foreign business establishment tax exemption.
The commissioner says the Revenue Service has put measures in place to meet the revised estimate for revenue collection.
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.
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.
