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.

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 […]

New tax laws – 10 key changes taxpayers need to take note of

The President has given effect to the 2020 tax proposals by signing three tax Acts into law that will introduce several big new changes for South African taxpayers: The Rates and Monetary Amounts […]

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. […]

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 […]