Carbon Tax – Fincor

March 8, 2022March 8, 2022 Marc DerfoldyCarbon Tax, Tax Administration Act

Explanatory Memorandum on the Taxation Laws Amendment Bill of 2021 – CARBON TAX and RENEWABLE ENERGY

National Treasury published their updated Explanatory Memorandum on the Taxation Laws Amendment Bill of 2021 on 25 January 2022. The document is a lengthy 70 pages and this article will […]

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 […]

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, […]

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 […]

January 14, 2021January 14, 2021 Marc DerfoldyCapital Gains Tax, Carbon Tax, Companies Act, Corporate Tax, Income Tax Act, P.A.Y.E, Personal Income Tax, Tax Administration Act

Tax refunds from SARS

Reference documents and sites www.sars.gov.zaITR12 – annual tax return submitted by the taxpayerITA 34 – SARS notification to the tax payer via e-Filing and emailIncome Tax ActTax Administration Act In […]

September 14, 2020September 14, 2020 Marc DerfoldyCapital Gains Tax, Carbon Tax, Corporate Tax, Road Traffic Act

Carbon Tax update – September 2020

This article follows on from a previously published article of January 2020 with newly published info from SARS Carbon Tax Act Roadshow of August 2020. This article focuses on the […]

June 22, 2020June 22, 2020 Marc DerfoldyCapital Gains Tax, Carbon Tax

Public Benefit Organisations: Capital Gains Tax – part 1

Capital Gains Tax is a complex matter to understand and more so when it is applied to Public Benefit Organisations. The information relevant to this matter is extensive and will […]

February 3, 2020February 3, 2020 Marc DerfoldyBudgets, Carbon Tax

Tax Incentives and Renewable Energy

Tax policy and tax mechanisms have often been seen as one of the ways in which governments can influence the behavior of its citizens. Energy waste is no different in […]

January 20, 2020January 20, 2020 Marc DerfoldyCarbon Tax, Companies Act, Corporate Tax

The Carbon Tax Act

Updated info for the Carbon Tax Act Back in May 2019 the Carbon Tax Act Number 15 of 2019 was published in Gazette #42483 and took effect on 01 June […]

September 16, 2019September 16, 2019 fincorCapital Gains Tax, Carbon Tax, Companies Act, Corporate Tax, Employment Tax Incentive, Income Tax Act, Non-profit organisation, P.A.Y.E, Pension Funds, Personal Income Tax, Provident Funds, Retirement, Tax Administration Act, Trusts, Value Added Tax

SARS’ Official Functions

Have you ever wondered what SARS’ official functions may be in terms of legislation? Collection of Income Tax is merely one aspect everyone is aware of. SARS is the only […]