NEWS | CASE LAW WRAP UP: MEDTRONIC INTERNATIONAL VS SARS (33400-19) ZAGPPHC (17 FEBRUARY 2020)
Issue What should be contained in a record for review proceedings and whether SARS may consider a request for the remission of interest in terms of section 39(7)(a) of the Value Added Tax Act, No. 89 of 1991 (the VAT Act) once a taxpayer has agreed to pay such interest in terms of a VDP […]
NEWS | FEW WILL BE ABLE TO CLAIM ‘HOME OFFICE’ EXPENSES, AT THIS STAGE
Many South Africans who had to start working from home due to the national coronavirus lockdown imposed on businesses will not yet be able to claim “home office expenses”.
NEWS | SA EXPATS BEWARE: SARS EYES OFFSHORE ASSETS, FOREIGN INCOME AND BANK ACCOUNTS
Following SARS’ media statement on 5 May 2020, it is clear that revenue collection is under immense pressure with an expected collection shortfall of between 15% – 20%.
NEWS | CASE LAW WRAP UP: ALFDAV CONSTRUCTION CC VS THE SOUTH AFRICAN REVENUE SERVICE
Issue Whether a judgment made by the High Court, ordering the resubmission of VAT 201 returns by the taxpayer, may be clarified in terms of rule 42 of the Uniform Rules of Court to take into account the penalties and interest raised by SARS during the period granted by the Court for such resubmission.
NEWS | THE NEW EXPAT TAX VS SARS AUDIT STRATEGIES
The tax law amendment on section 10(1)(o)(ii) of the Income Tax Act No. 58 of 1962 (“the Act”) has come into effect 01 March 2020, after years of an arm wrestle on the amendment, from it’s complete repeal to an unexpected increase in the exemption limit in this year’s budget.