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Capital Gains Tax

April 12, 2022April 12, 2022 Marc DerfoldyCapital Gains Tax, Investments, Personal Income Tax
Sars Tax

The SARS Voluntary Disclosure Programme (VDP)

VOLUNTARY DISCLOSURE RELIEF SARS allows taxpayers to avoid criminal prosecution and regularise their tax affairs by making a disclosure under the VDP. A successful VDP application allows for an applicant […]

April 5, 2022April 5, 2022 Marc DerfoldyCapital Gains Tax, Income Tax Act, Investments, Personal Income Tax, Tax Administration Act

Assessed losses under the Income Tax Act

Section 20(2) of the Income Tax Act defines an “assessed loss” as “any amount by which the deductions admissible under section 11 exceeds the income in respect of which they […]

February 22, 2022February 22, 2022 Marc DerfoldyCapital Gains Tax, Corporate Tax, Income Tax Act, Pension Funds, Provident Funds

Tax Deductions (PAYE) on your Pension or Annuity

The following info is based on commentary from SARS dated 19 January 2022. Where a pensioner has ONE source of income during a tax year, the SARS employees’ tax (PAYE) […]

December 7, 2021December 7, 2021 Marc DerfoldyCapital Gains Tax, Investments

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 […]

November 22, 2021November 22, 2021 Marc DerfoldyCapital Gains Tax, Tax Administration Act

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 […]

November 2, 2021 Marc DerfoldyCapital Gains Tax, Companies Act, Income Tax Act

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 […]

October 6, 2021October 6, 2021 Marc DerfoldyCapital Gains Tax, Carbon Tax, Corporate Tax, Income Tax Act, P.A.Y.E, Personal Income Tax, Tax Administration Act

Deferral of payment arrangements with SARS

Relevant Acts and documents Income Tax ActSARS Deferral of Payment Arrangements Guide on eFiling Acronyms relevant to this Guide and process: CIT Corporate Income TaxDWT Dividends Withholding TaxMCP My Compliance […]

September 20, 2021September 20, 2021 Marc DerfoldyCapital Gains Tax, Income Tax Act, Investments, Pension Funds, Tax Administration Act

Inheritance tax explained

Reference guides, standards and legislation SARS Accounting Guideline GRAP 23 – Revenue From Non-exchange TransactionsAccounting Standards Board – Standard of Generally Recognised Accounting Practice – Revenue From Non-exchange Transactions (taxes […]

August 24, 2021August 24, 2021 Marc DerfoldyCapital Gains Tax, Companies Act, Corporate Tax

Tax implications arising from the conversion of par value shares to no par value shares

Reference documents and/or legislation Income Tax Act no. 58 of 1962, as amendedSecurities Transfer Tax Act no. 25 of 2007Companies Act No. 71 of 2008, as amended The reader is […]

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 – […]

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Recent Posts

  • Interpretation Note for public comment: Understatement penalty and meaning of “maximum tax rate applicable to the taxpayer”
  • Tax Incentives and their expiry date
  • The SARS Voluntary Disclosure Programme (VDP)
  • Assessed losses under the Income Tax Act
  • Turnover Tax
  • Tax returns and the 3-year limitation period of the Tax Administration Act
  • Explanatory Memorandum on the Taxation Laws Amendment Bill of 2021 – CARBON TAX and RENEWABLE ENERGY
  • Tax Deductions (PAYE) on your Pension or Annuity
  • Rand Mutual Assurance Fund – earnings reporting for compensation and assessment purposes
  • INDIVIDUAL ITR12 RETURN FOR DECEASED AND INSOLVENT ESTATES
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