Industry pleas for dialogue on capped foreign income exemption
Several organisations have submitted proposals relating to the foreign income exemption for the 2019 legislative cycle. National Treasury is sticking to its amendment to limit the tax-free income South African tax residents earn outside of the country to R1 million. Industry bodies are asking that the cap exclude benefits, which are “a necessity” in some […]
In troubled waters: Tax on the High Seas
Life is better on the sea Sometimes, those who have been living the corporate life decide to leave it all behind for a life working aboard luxury yachts. Some High school graduates take up the mantle of floating on seawater day in and day out in a gap year, but never depart the lifestyle. Either […]
Importers easy targets for unfair VAT treatment
Even the experienced importers are falling foul to failed VAT refund claims and disallowed input VAT deductions. 2018 has been a trying time for South African businesses; from the weakening of the rand, the hike of the VAT rate to 15%, and slow growth rate of the economy. The modern struggle for many businesses, however, […]
Bonang likely to struggle in tax-evasion fight
Once you have evaded paying taxes and haven’t filed tax returns, criminal law will apply to you, warns attorney on the celebrity’s woes. Team Bonang Matheba’s optimism on the outcome of engagements with the taxman on the television personality and businesswoman’s tax woes could come to nothing, a tax attorney has cautioned. Jean du Toit, […]
Tax Attorneys give 5 tips to guarantee a successful tax dispute process
Although tax season has come to an end and most taxpayers will breathe a sigh of relief, many others are faced with a tax assessment they did not expect. Truth be told, taxpayers should not be surprised if SARS has disallowed their tax exemptions, adjusted their tax deductions and/or raised additional taxes on assessment. More […]
