NEWS | RENTING OUT PROPERTY: ARE THE REWARDS WORTH THE RISKS?
Should the tax consequences of renting out a garden flat deter homeowners from earning some extra income? We weigh up the risks and rewards of residential rentals.
NEWS | SARS TO NAME AND SHAME TAX DODGERS
It seems the SARS Commissioner had an epiphany – make an example of delinquent taxpayers so others will fall in line.
NEWS | NATIONAL TREASURY SEEKS MUCH MORE BITE FOR SARS ON CRIMINAL TAX OFFENCES
The new Draft Tax Administration Laws Amendment Bill (“TALAB”), released on 31 July 2020, proposes a law change that will effectively lower the threshold for SARS and the National Prosecuting Authority (NPA) to criminally prosecute taxpayers.
NEWS | TAXMAN GIVES 7 MONTHS’ NOTICE – THEREAFTER RETIREMENT FUNDS CAPTURED FOR 3 YEARS
Government Moving to Hold onto South African’s Retirement Funds On 31 July 2020, the Draft Tax Law Amendment Bill (“TLAB”) contained a hidden announcement, which may prove to be the final straw for many ex-South Africans who still have retirement investments left in South Africa. The TLAB seeks to legislate to prevent a South African […]
NEWS | HOW TRAVEL ALLOWANCES WORK
COVID-19 has far-reaching effects for the South African taxpayer and, unbeknown to many, may be silently increasing their tax liability for the 2021 year of assessment.