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Source: INTERPRETATION NOTE 69 (Issue 4) dated 26 June 2025Income Tax Act 58 of 1962, Section 26 and the First Schedule Section 26(1) provides that the taxable income of any person carrying on pastoral, agricultural or other farming operations shall, in so far as the income is derived from such…
In South Africa, divorce settlements are taxed in terms of the Income Tax Act. The tax implications of a divorce settlement depend on the nature of the assets being transferred. Transfer of assets: When assets are transferred from one spouse to another as part of a divorce settlement, the transfer…
A Promissory Note is a legal contract between a party that has borrowed money from another party that has lent the money. This document outlines the terms of repayment in writing and is signed by both parties. In addition to cases of borrowing money (personal or business loans), a Promissory…
Source information: SARS INTERPRETATION NOTE 116, dated 23 April 2021, and the INCOME TAX ACT 58 OF 1962, SECTIONS 49A to 49H The 40-page SARS Note provides guidance on the interpretation and application of sections 49A to 49H related to withholding tax on royalties. This article, the fourth in a…
Source information: SARS INTERPRETATION NOTE 116, dated 23 April 2021, and the INCOME TAX ACT 58 OF 1962, SECTIONS 49A to 49H The 40-page SARS Note provides guidance on the interpretation and application of sections 49A to 49H related to withholding tax on royalties. This article, the third in a…
Withholding tax on royalties—SARS Interpretation Note 116, part 2 Source information: SARS INTERPRETATION NOTE 116, dated 23 April 2021 and the INCOME TAX ACT 58 OF 1962, SECTIONS 49A to 49H The 40-page SARS Note provides guidance on the interpretation and application of sections 49A to 49H related to withholding…
Source: SARS' Comprehensive Guide to the Income Tax Return for Trusts—External Guide, Revision 22, effective 12 December 2024 The date for the Trusts filing season was 16 September 2024 to 20 January 2025 for provisional and non-provisional taxpayers. The annual notice, issued by the Commissioner, requires all Trusts to submit…
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: INTERPRETATION NOTE 69 (Issue 4) dated 26 June 2025Income Tax Act 58 of 1962, Section 26 and the First Schedule Section 26(1) provides that…
In South Africa, divorce settlements are taxed in terms of the Income Tax Act. The tax implications of a divorce settlement depend on the nature…
A Promissory Note is a legal contract between a party that has borrowed money from another party that has lent the money. This document outlines…
Source information: SARS INTERPRETATION NOTE 116, dated 23 April 2021, and the INCOME TAX ACT 58 OF 1962, SECTIONS 49A to 49H The 40-page SARS…
Source information: SARS INTERPRETATION NOTE 116, dated 23 April 2021, and the INCOME TAX ACT 58 OF 1962, SECTIONS 49A to 49H The 40-page SARS…
Withholding tax on royalties—SARS Interpretation Note 116, part 2 Source information: SARS INTERPRETATION NOTE 116, dated 23 April 2021 and the INCOME TAX ACT 58…
Source: SARS' Comprehensive Guide to the Income Tax Return for Trusts—External Guide, Revision 22, effective 12 December 2024 The date for the Trusts filing season…
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…