Tag Archives | Tax Laws


SARS affords itself a 30-day advantage

“SARS has awarded itself a 30-day interest-free holiday on taxpayer money.”  According to Moneyweb, the law now allows the revenue service to reduce the amount of interest it must pay a taxpayer in the event of an overpayment. A “sneaky” new amendment in South African tax laws now gives SARS a 30-day interest-free ‘holiday’ when […]

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Sins and taxes – Enforcing tax laws on churches could be problematic

While the legislation that governs tax exemption for religious institutions is robust, enforcing compliance could be difficult, Louis Botha, an associate in Cliffe Dekker Hofmeyr’s (CDH’s) Tax & Exchange Control practice recently mentioned. According to Botha, while there is nothing wrong with the legislation that governs how churches and other religious institutions are taxed, enforcement […]

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Debarment Overturned

Retirement Fund Contribution Update

Some sweeping changes will take effect from 1 March 2016. The Taxation Laws Amendment Act No. 25 of 2015 that was published in Government Gazette No. 39588 on 8 January 2016 confirms the changes to the tax treatment of contributions and the alignment of the annuitisation requirements between retirement funds from 1 March 2016. Momentum’s Legal Update 3/2016 looks at the impact of […]

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