Marc Derfoldy – Page 5

August 3, 2021August 3, 2021 Marc DerfoldyCapital Gains Tax, Companies Act, Corporate Tax

Addressing the Tax Challenge Arising from the Digitalisation of the Economy – OECD and International Tax Legislation

Applicable Legislation and Documents: Income Tax ActOECD’s Inclusive Framework for Base Erosion and Profit Shifting (BEPS)A previous article from Fincor dated 04 June 2020: The International Corporate Tax Problem – […]

July 20, 2021July 20, 2021 Marc DerfoldyCarbon Tax

Annual carbon tax accounts and payments are now due by 29 July 2021

Legislation and Rules administered by SARS for the purposes of the Carbon Tax Act: Customs and Excise Act No. 91 of 1964: Sections 20(4), 27, 54A – F, 87, 88, […]

July 15, 2021July 15, 2021 Marc DerfoldyCapital Gains Tax, Companies Act, Corporate Tax, Income Tax Act, P.A.Y.E, Personal Income Tax, Tax Administration Act

Home Office expenses, deductions and tax

Reference Acts: Income Tax Act, Sections 11 and 23 This article deals with home office usage for business purposes and the associated tax implications. It has become very common for […]

July 13, 2021July 13, 2021 Marc DerfoldyCompanies Act, Corporate Tax, Income Tax Act

Debt reduction provisions of the Income Tax Act and Taxation Laws Amendment Act

Reference Acts Income Tax actTaxation Laws Amendment Act (TLAB) In this article, we briefly discuss the debt reduction provisions of the Income Tax Act and Taxation Laws Amendment Act. Section […]

July 1, 2021July 1, 2021 Marc DerfoldyCompanies Act, Income Tax Act, P.A.Y.E, Tax Administration Act

Fringe benefits and tax

Reference documents Income Tax ActIncome Tax Act Schedule 7Tax Administration Act What is a fringe benefit? Fringe benefits usually refer to non-cash benefits granted to employees, but do not constitute […]

June 29, 2021June 29, 2021 Marc DerfoldyCapital Gains Tax, Companies Act, Corporate Tax

Interest-free shareholder loans, interest-bearing loans and loans to Trusts

Reference Acts Income Tax ActSchedule 7 of the Income Tax ActSection 24J of the Income Tax ActSection 19 of the Income Tax ActSection 7C of the Income Tax ActTax Administration […]

June 22, 2021 Marc DerfoldyCompanies Act, Corporate Tax, Income Tax Act, Labour Relations

Physical Impairment or Disability Expenditure

Reference Acts and DocumentsSection 6B(1) of the Income Tax Act 58 of 1962 In this article we look at a recent document published in May 2021 by SARS for public […]

June 3, 2021June 3, 2021 Marc DerfoldyIncome Tax Act

Cryptocurrencies and tax

Relevant Acts Taxation Laws Amendment BillIncome Tax Act Do you mine cryptocurrencies and/or trade in them? If so, there are tax implications to consider. SARS is investing in its IT […]

May 27, 2021May 27, 2021 Marc DerfoldyCapital Gains Tax, Companies Act, Corporate Tax, Income Tax Act, P.A.Y.E, Personal Income Tax, Tax Administration Act, UIF, Value Added Tax

Small businesses and taxation

Relevant documents and sites: www.sars.gov.zawww.cipc.org.zaIncome Tax ActVAT Tax Act Other terminology of importance Income Tax, VAT, Provisional Tax, Capital Gains Tax, Dividends Tax, Corporate Income Tax (CIT), Pay-As-You-Earn (PAYE), Turnover […]

May 18, 2021May 18, 2021 Marc DerfoldyCapital Gains Tax, Carbon Tax, Non-profit organisation

Recreational Clubs and tax

This first article of three briefly discusses the essence and responsibilities of forming a recreational club; in articles two and three, the following taxes that may affect organisations approved as […]

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