NEWS | FRIVOLOUS DISPUTES: TAXPAYERS BEWARE!

The Tax Court judgment in XYZ CC v C:SARS (ITC 13 868) (“XYZ case”) was recently delivered as a stern reminder to taxpayers who only follow the objection process as a method to purposely delay the payment of tax, where there appears to be no valid basis to do so. The unlucky result for the taxpayer […]

NEWS | THE WORLD CUP – NOT ALL SEATS ARE CHEAP

Starting line up It is quite the spectacle. Whether it’s the Cricket, Rugby or Football World Cup, the buzz and excitement of a host of countries coming together to compete for what is the ultimate top honour in that sporting discipline, carries with it a frenzy of activity. Spectators come out in their droves to […]

NEWS | TRAINING HELPS EMPLOYEES COPE WITH TAX BRACKET ANXIETY

During the recent budget speech, Finance Minister Tito Mboweni announced that tax bracket limits would not be adjusted in line with inflation. This has working South Africans worried they will fall victim to “bracket creep”.

NEWS | TAXPAYERS TO HEAD SARS’ CALL – BOSASA IS BUT A GLIMPSE OF THE FUTURE

The South African Revenue Service’s (SARS) raid of BOSASA offices is a reminder that SARS will deal with non-compliant taxpayers in a tough and effective manner. The BOSASA raid comes less than a year following the SARS announcement that it would be partnering with the National Prosecuting Authority (NPA) to combat tax evasion and low […]

NEWS | BRACE YOURSELF FOR THE EXPATRIATE TAX EXEMPTION

If there was any doubt amongst taxpayers, especially South Africans working abroad, National Treasury, on 6 March 2019, categorically confirmed that it is forging ahead with the implementation of the amended section 10(1)(o)(ii) (“the Expat Exemption”).

NEWS | SARS PAYROLL AUDIT

In what now seems to have become an annual occurrence, the Minister of Finance, Tito Mboweni, has announced during this year’s budget speech that there will, again, be a tax revenue shortfall – this time to the tune of R43 billion. Despite promising initiatives implemented by the South African Revenue Service (SARS), it appears that […]

Back Yourself With an Expert to Tackle a Dispute With SARS

Becoming an expert Malcolm Gladwell proposed that, in order to become an expert in something, you would have to spend 10 000 hours practising that “something”. While his proposition may have been challenged and shown to be inaccurate over the years, the concept is still the same. Without time, effort and expertise, proficiency in any field […]

VAT Refunds – The Sword in the Stone

It is one of those things you need to personally experience; otherwise you will never fully comprehend how frustrating things can become. When you get audited by certain SARS officials before payment of your Value-Added Tax (VAT) refund, expect the long road and frustration, often when your business really needs the cash flow.

Remuneration Trends for 2019

An employee’s remuneration package was once carved in stone, consisting of their pay and some standard benefits, like medical aid and pension. However, things are quite different these days, with employers hoping to offer better rewards that entice top talent to join their organisations and stay longer. Here, we share our views on what workers […]

Budget Speech 2019: Systems Set in Place – Revenue Collections

Since the interim budget speech in October, there has been a significant decrease in revenue. The revenue was decreased by R15.4 billion, which can mostly be attributed to the increase in VAT refunds over the past few months.