NEWS | EMERGENCY BUDGET – SARS COMMISSIONER BREATHES SIGH OF RELIEF
The Minister of Finance delivered an Emergency Budget on 24 June 2020, which can be described in diplomatic terms as gloomy, and uneventful. Most notably, despite speculation by some to the contrary, the Minister did not impose any new taxes, which leaves SARS with no respite as it faces a mighty revenue shortfall of around […]
NEWS | BINDING GENERAL RULING 52: TIMEFRAME FOR THE EXPORT OF GOODS BY VENDORS AND QUALIFYING PURCHASERS AFFECTED BY THE GLOBAL COVID-19 PANDEMIC
Issue This binding general ruling extends the time periods to export movable goods, apply for a refund from the VAT Refund Administrator, and obtain the relevant documentary proof of export, as stipulated in the Export Regulations and IN 30 respectively.
NEWS | THE OPPORTUNITY TO GET SOME RELIEF FROM TAX DEBT DURING COVID-19
Many businesses, and especially small and medium sized entities, have jumped at the opportunity to apply for debt deferral or debt compromises.
NEWS | FIVE MISCONCEPTIONS ABOUT DOUBLE TAX AGREEMENT RELIEF
If a South African expatriate had to describe the year 2020 in one word, “uncertainty” would no doubt rank as one of the most appropriate.
NEWS | EMERGENCY BUDGET: FEW OPTIONS AVAILABLE TO GET SA OUT OF ITS ECONOMIC PIT
Finance Minister Tito Mboweni is facing his own crisis. He will be delivering South Africa’s – probably first – emergency budget in the wake of a massive economic decline.