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Source: SARS' Comprehensive Guide to the Income Tax Return for Trusts—External Guide, Revision 22, effective 12 December 2024 The date for Trusts filing season is 16 September 2024 to 20 January 2025 for provisional and non-provisional taxpayers. The annual notice, issued by the Commissioner, requires of all Trusts to submit…
The purpose of the Regulation, Gazette Number 50746, Regulation 2538 dated 03 June 2024, is to exempt a category of agreements or practices among SMMEs contained in the Schedule from the application of sections 4(1) and 5(1) of the Act to enable collaboration among SMMEs that otherwise would contravene the…
Legislation: Income Tax Act, Sections 80 and 103 Tax avoidance is a complex concept that creates uncertainty in the South African tax law system and results in revenue loss. Tax avoidance is a broad concept that constitutes permissible tax avoidance and impermissible tax avoidance. The main difference between impermissible tax…
Source: SARS External Guide, effective 12 March 2025, after the annual budget speech from the Minister of Finance. This article, the fifth in a series, will assist employers in understanding their obligations regarding determining the cash equivalent of the value of a taxable fringe benefit as provided for in the…
Source: SARS External Guide, effective 12 March 2025 after the annual budget speech from the Minister of Finance This article, the fourth in a series, will assist employers in understanding their obligations regarding determining the cash equivalent of the value of a taxable fringe benefit as provided for in the…
Legislation: Income Tax Act, Sections 80 and 103 Tax avoidance is a complex concept that creates uncertainty in the South African tax law system and results in revenue loss. Tax avoidance is a broad concept that constitutes permissible tax avoidance and impermissible tax avoidance. The main difference between impermissible tax…
Source: SARS External Guide, effective 12 March 2025 after the annual budget speech from the Minister of Finance This article, the first in a series, will assist employers in understanding their obligations regarding determining the cash equivalent of the value of a taxable fringe benefit as provided for in the…
This article (part 2) discusses the basics of policies on determining the allowance's amount and methods for determining it. It refers to an Annexure; this is merely a list of assets and applicable proposed write-off periods suggested by SARS and can be obtained from the SARS website in INTERPRETATION NOTE…
Section 8EA of the Income Tax Act, No 58 of 1962 (Act) constitutes an anti-avoidance provision which, if applicable, has the effect that the amount of any dividend or foreign dividend received or accrued to the holder of a preference share, is deemed to be an amount of income as…
SARS published an updated 134-page guide to taxation in South Africa in 2024. Below is a list of the most significant tax legislation administered in South Africa by the Commissioner for the South African Revenue Service (SARS). Carbon Tax Act; Customs and Excise Act; Disaster Management Tax Relief Act; Employment…
Source: SARS' Comprehensive Guide to the Income Tax Return for Trusts—External Guide, Revision 22, effective 12 December 2024 The date for Trusts filing season is…
The purpose of the Regulation, Gazette Number 50746, Regulation 2538 dated 03 June 2024, is to exempt a category of agreements or practices among SMMEs…
Legislation: Income Tax Act, Sections 80 and 103 Tax avoidance is a complex concept that creates uncertainty in the South African tax law system and…
Source: SARS External Guide, effective 12 March 2025, after the annual budget speech from the Minister of Finance. This article, the fifth in a series,…
Source: SARS External Guide, effective 12 March 2025 after the annual budget speech from the Minister of Finance This article, the fourth in a series,…
Legislation: Income Tax Act, Sections 80 and 103 Tax avoidance is a complex concept that creates uncertainty in the South African tax law system and…
Source: SARS External Guide, effective 12 March 2025 after the annual budget speech from the Minister of Finance This article, the first in a series,…
This article (part 2) discusses the basics of policies on determining the allowance's amount and methods for determining it. It refers to an Annexure; this…
Section 8EA of the Income Tax Act, No 58 of 1962 (Act) constitutes an anti-avoidance provision which, if applicable, has the effect that the amount…
SARS published an updated 134-page guide to taxation in South Africa in 2024. Below is a list of the most significant tax legislation administered in…