NEWS | SUPREME COURT OF APPEAL CURBS ABUSE OF SECTION 24C
In the recent case of CSARS v Clicks Retailers (Pty) Ltd (58/2019) (2019) ZASCA 187, the Supreme Court of Appeal (“the SCA”) sided with SARS in its interpretation of section 24C of the Income Tax Act, No. 58 of 1962. Contractors and others who avail themselves to this provision should heed the permutations set by […]
NEWS | TREASURY, WE TOLD YOU SO
National Treasury held the annual Annexure C Workshop on 4 and 5 December 2019, where items for inclusion in the 2020 legislative cycle were discussed. (Un)surprisingly, the amendment to the foreign employment exemption was on the agenda, AGAIN.
NEWS | SOUTH AFRICAN TAXPAYERS MUST FAMILIARISE THEMSELVES WITH RELIEF FROM DOUBLE TAXATION
South Africans who are working abroad need to take note of a section in the Income Tax Act that allows them to claim a credit on their South African tax liability from any foreign taxes paid on the same income.
NEWS | EVERYTHING YOU NEED TO KNOW ABOUT COMPANY REGISTRATIONS
According to a recent article featured by Fin 24, South Africa is now ranked 84th out of 190 countries relating to comfort of doing business, compared to a very good position of 32nd in 2008. It is now rather obvious that dealing with technical business matters in your own capacity might not be in your […]
NEWS | NEW TAX LEGISLATION – NO REPRIEVE FOR ORDINARY TAXPAYERS
This week, on 26 November 2019, the National Assembly passed the latest tax bills, which is set to be promulgated by the President after it has been passed by the National Council of Provinces. On the face of it, some concessions have been made for individual taxpayers, but these offer cold comfort in the bigger […]