This first of two articles summarises changes made in the 2026/2027 financial year for individuals as published by SARS. The second article will summarise the changes made for companies. INCOME […]
Income Tax
The meaning of “SIMILAR FINANCE CHARGES” – an interpretation from SARS
Source: INTERPRETATION NOTE 142 dated 12 December 2025 References Acts: INCOME TAX ACT 58 OF 1962, Paragraph (a) of the definition of “INTEREST” IN SECTION 24J(1), MEANING OF “SIMILAR FINANCE […]
Game Farming and the Income Tax Act
Source: INTERPRETATION NOTE 69 (Issue 4) dated 26 June 2025Income Tax Act 58 of 1962, Section 26 and the First Schedule Section 26(1) provides that the taxable income of any […]
Taxation of Divorce Settlements
In South Africa, divorce settlements are taxed in terms of the Income Tax Act. The tax implications of a divorce settlement depend on the nature of the assets being transferred. […]
Withholding tax on royalties – part 4
Source information: SARS INTERPRETATION NOTE 116, dated 23 April 2021, and the INCOME TAX ACT 58 OF 1962, SECTIONS 49A to 49H The 40-page SARS Note provides guidance on the […]
Withholding tax on royalties—SARS Interpretation Note 116, part 3
Source information: SARS INTERPRETATION NOTE 116, dated 23 April 2021, and the INCOME TAX ACT 58 OF 1962, SECTIONS 49A to 49H The 40-page SARS Note provides guidance on the […]
Income tax return for Trusts—part 2
Source: SARS’ Comprehensive Guide to the Income Tax Return for Trusts—External Guide, Revision 22, effective 12 December 2024 The date for the Trusts filing season was 16 September 2024 to […]
Income tax return for Trusts – part 1
Source: SARS’ Comprehensive Guide to the Income Tax Return for Trusts—External Guide, Revision 22, effective 12 December 2024 The date for Trusts filing season is 16 September 2024 to 20 […]
Tax consequences of impermissible tax avoidance
Legislation: Income Tax Act, Sections 80 and 103 Tax avoidance is a complex concept that creates uncertainty in the South African tax law system and results in revenue loss. Tax […]
Tax consequences of impermissible tax avoidance
Legislation: Income Tax Act, Sections 80 and 103 Tax avoidance is a complex concept that creates uncertainty in the South African tax law system and results in revenue loss. Tax […]