SARS has published an updated 57-page guide explaining the principles and procedures to follow when submitting an INDIVIDUAL ITR12 RETURN FOR DECEASED AND INSOLVENT ESTATES. The purpose of this document […]
Marc Derfoldy
SARS VAT Rulings Process Guide
Reference Acts and Guides Income Tax ActTaxation Laws Amendment ActRates and Monetary Amounts and Amendment of Revenue Laws Act TaxAdministration Amendment Act SARS published a guide (Issue 3) in November […]
Deduction for Photovoltaic Solar Energy Plants
Reference Acts Income Tax Act, as amended Tired of high electricity costs and the dreaded load shedding disaster affecting your business? It’s time to consider use of solar power solutions […]
Tax Free Investments
Tax Free Investments (TFIs) were introduced as an incentive to encourage household savings. This incentive became available from 1 March 2015. Your money can grow faster in a tax-free savings […]
Expat tax
If you’ve recently moved abroad from South Africa for work, there are a few things you’ll need to keep in mind in 2021 as a resident living temporarily abroad: the […]
Trusts and taxation of the beneficiaries thereof
This article deals with the issue of whether double taxation can occur; i.e. the trust and the beneficiary both pay tax. Definitions, explanations and clauses from the Income Tax Act […]
Export incentives – part 2
This is a follow-up article; please read part 1 too. A recap of the definition and applicable websites are given below: Export incentives are intended to encourage exports by providing […]
Export incentives – part 1
Export incentives are intended to encourage exports by providing financial assistance to exporting companies to enable them to compete effectively in international markets. Whilst they have been widely used internationally, […]
Taxation of the receipts of deposits – Part 2
Relevant Acts Tax Administration Act 28 of 2011;Income Tax Act 58 of 1962; andRental Housing Act 50 of 1999 (based on quoted examples in the SARS Guide)Consumer Protection Act 68 […]
The Promotion of Access to Information Act, 2000 (Act 2 of 2000) – requests for information and lodging of complaints with the Regulator
Reference Acts and/or documents Promotion of Access to Information Act, 2000Gazette 45057 dated 27 August 2021 – Regulations relating to the Promotion of Access to Information, 2021 Most commonly used […]