Are you unhappy with your additional assessment issued by SARS?
A Nasty Surprise from SARS The 2018 tax season has come and gone. However, the coast is not clear just yet. As SARS concludes their verification process – to review and confirm taxpayer’s information – many taxpayers may have received a nasty pre-holiday surprise from SARS.
When it comes to your taxes, don’t drink the water
Down to a “T” I recently had the privilege of attending a tax conference in the Dominican Republic. This involved months of planning in order to ensure a smooth flight, travel and attendance at an international tax event.
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, […]