VAT Victory: Tax Court Sides with Legal Practitioners’ Fund in R150m Showdown with SARS
The Tax Court has handed down a pivotal judgment in Fund v SARS (VAT 22558) [2025] ZATC CPT, confirming that the Legal Practitioners Fidelity Fund (“the Fund”) is entitled to deduct input Value-Added Tax (VAT) on over R150 million in professional indemnity insurance premiums.
SARS invokes Sections in Tax Law to make your worst fears come true – Judge confirms Constitutional Validity
It is well within the powers of the South African Revenue Services (SARS) to limit a taxpayer’s right to travel outside the Republic. A section in the Tax Administration Act (TAA) has a provision whereby a senior SARS official can even require for “the taxpayer to surrender his or her passport to SARS”.
Important Tax Directive Updates from SARS will impact expats’ withdrawal of retirement interests
On 8 April 2025, the South African Revenue Service (SARS) announced a set of updates on tax directive system changes which will impact South Africans who have already left the country or are in the process of cutting tax ties. This will come into full force on 11 April 2025.
ETI Crackdown: SARS Now Targeting Employers’ Income Tax Deductions
The Employment Tax Incentive (ETI) has been a cornerstone of the government’s efforts to combat youth unemployment since its introduction on 1 January 2014. By reducing the cost of hiring young workers, the ETI has incentivized businesses to employ first-time job seekers while ensuring they receive fair wages. With the scheme extended until 28 February […]
High-Wealth Individuals and Crypto Traders High on SARS’ Hit-List
SARS has confirmed its compliance radar is focused on both High-Wealth Individuals and taxpayers engaging in cryptocurrency related transactions for the next fiscal year! Both taxpayer segments have been a recurring collection windfall for the tax man and have once more made it onto the “Compliance Themes” to maximise revenue collection, per SARS’ Revenue Announcement […]