One Good Turn: Donations Made at Fundraising Events – Receives the Go-Ahead from SARS

NEWS | ONE GOOD TURN: DONATIONS MADE AT FUNDRAISING EVENTS

The upside of being generous for a taxpayer is usually a corresponding deduction for tax purposes, to the extent that the taxpayer can show a receipt for a donation made to a public benefit organisation (“PBO”) in terms of section 18A of the Income Tax Act.

Understanding South African Expat Tax

NEWS | UNDERSTANDING SOUTH AFRICAN EXPAT TAX

Amendments to the Income Tax Act will soon see all South Africans working outside the country’s borders contribute to the fiscus from 1 March.

SARS Reimagined Tax Dodgers Take Note

NEWS | SARS REIMAGINED – TAX DODGERS TAKE NOTE

On 1 February 2020, SARS released an exciting media statement, indicating that the revenue authority has embarked on a journey to reinvent SARS. With the power of technology and with the right people, SARS hopes to build an organisation that will provide a world-class service to the compliant taxpayer, but one that will be equally […]

South African Seafarers and Yachties Know your tax obligations

NEWS | SOUTH AFRICAN SEAFARERS AND YACHTIES: KNOW YOUR TAX OBLIGATIONS

As most know by now, SARS is grappling to increase revenue for their coffers, looking to South Africans who earn foreign income to subsidise the deficit. With all the uncertainty around the change in the foreign employment income exemption, which is coming into effect as of 1 March 2020, more and more people are wanting […]

The Fiscus Needs Money what to Expect in the Upcoming Budget

NEWS | THE FISCUS NEEDS MONEY – WHAT TO EXPECT IN THE UPCOMING BUDGET?

On 15 January 2020, President Cyril Ramaphosa signed into law five different revenue related bills. These bills, which have now been promulgated include the Taxation Laws Amendment Act No. 34 of 2019, the Tax Administration Laws Amendment Act No. 33 of 2019 and the Rates and Monetary Amounts and Amendment of Revenue Laws Act No. […]