National Treasury announced earlier on 2019 that it intends to change the provision in the tax law that exempts South African tax residents from paying tax on income from foreign employment. At present, anyone who renders services outside of South Africa for more than 183 days in a 12-month period,…

Section 99 of the Tax Administration Act regulates the prescription of tax periods. The most important circumstances in which SARS is barred from raising further assessments in relation to a tax period are those relating to the passing of time. As a general rule, SARS is time-barred from raising an…

Filing season for taxpayers who have been making use of e-Filing will start on 01 July or 01 August 2019 depending on your tax classification. Non-provisional taxpayers who use e-Filing to submit their returns will be able to do so from 01 August however if you use e-Filing as your…

The Carbon Tax Act Number 15 of 2019 published in Gazette #42483 dated 23 May 2019 took effect on 01 June 2019. The Act may be downloaded here. South Africa relies on coal for most of its energy and green house gas emissions from power generation is a major contributor.…

In October 2018, SARS issued a binding private ruling determining the deductibility of expenditure to be incurred to install photovoltaic solar energy plants at sites owned and leased by the applicant (in this case a resident private company is the applicant). The ruling may be downloaded here: Reference documents INCOME…

In South Africa, Trusts can be classified as follows: An “ownership trust”, under which the founder or settlor transfers ownership of assets or property to a trustee(s) to be held for the benefit of defined or determinable beneficiaries of the trust. A “bewind trust”, under which the founder or settlor…