This is article 3 in a series of articles discussing the updated Tax Exemption Guide for Recreational Clubs published by SARS. Administrative provisions – Tax Administration Act The TA Act […]
SARS
Tax Exemption Guide for Recreational Clubs – Issue 5 (2025)
This article extracts some basic information from the updated SARS Guide – Issue 5, not covered in a previous article published in 2021 on www.fincor.co.za named “Recreational Clubs and Taxation”. […]
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
Withholding tax on royalties—SARS Interpretation Note 116, part 2 Source information: SARS INTERPRETATION NOTE 116, dated 23 April 2021 and the INCOME TAX ACT 58 OF 1962, SECTIONS 49A to […]
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 […]
Guide for employers in respect of fringe benefits – 2025 update, article five – INSURANCE POLICIES, EMPLOYEE’S DEBT, MEDICAL SCHEME CONTRIBUTIONS, AND MEDICAL COSTS
Source: SARS External Guide, effective 12 March 2025, after the annual budget speech from the Minister of Finance. This article, the fifth in a series, will assist employers in understanding […]
Guide for employers in respect of fringe benefits – 2025 update, article three – FREE OR CHEAP SERVICES, INTEREST, AND DEBT
Source: SARS External Guide, effective 12 March 2025 after the annual budget speech from the Minister of Finance This article, the fourth in a series, will assist employers in understanding […]
Wear-and-tear or Depreciation Allowance
This article (part 2) discusses the basics of policies on determining the allowance’s amount and methods for determining it. It refers to an Annexure; this is merely a list of […]
Taxation in South Africa
SARS published an updated 134-page guide to taxation in South Africa in 2024. Below is a list of the most significant tax legislation administered in South Africa by the Commissioner […]
The Five Transfer Pricing Methods
SARS accepts the methods prescribed by the OECD, these being: SARS has indicated that it will subscribe to the OECD’s view of accepting a best-method approach as long as it […]