Voluntary Disclosure Programme: A Last Chance for Crypto Traders Before the 2026 Crackdown?
SARS are leveraging their powers under the Tax Administration Act, which provides for instances in which the Directors, Public Officers, or other representative taxpayers, can be held personally liable for a company’s tax debt!
SARS Targets Prominent Persons for their Company’s Tax Debts
SARS are leveraging their powers under the Tax Administration Act, which provides for instances in which the Directors, Public Officers, or other representative taxpayers, can be held personally liable for a company’s tax debt!
Beyond Textbooks: The Tax Lessons You Only Learn on the Job
What you think you know about tax when coming out of university changes quickly once you step into a top tax practice. Within the first few weeks on the job, I realised academic knowledge could only take me so far; the real depth begins in practice, far beyond what the lecture hall prepares you for. […]
National Treasury’s Tax Amendment Bills Puts “Bona Fide Inadvertent Error” on the Chopping Block
For years, taxpayers and their advisors have relied on a small phrase in the Tax Administration Act (TAA) as a defence against understatement penalties, which can run up to 200 percent of the shortfall between what taxpayers declared and the revised assessment. But that lifeline is now on the chopping block.
Navigating the Tides of Taxation: Increased Scrutiny on Seafarer Exemptions
South African seafarers, whose careers on cruise ships, geographical vessels or fishing vessels often take them across international waters, are currently experiencing a significant shift in how the South African Revenue Service (SARS) approaches their tax obligations. What was once a relatively straightforward process is now marked by intensified audits, refined questioning, and a request […]