Value Added Tax – Page 2

August 17, 2023August 17, 2023 Robyn van der MerweSARS, Value Added Tax

Non-Executive Directors and VAT and PAYE

Relevant documents: SARS Binding General Ruling (BGR) 40SARS Binding General Ruling (BGR) 41 Binding General Ruling (BGR) 40 (issued on 10 February 2017) confirms that non-executive directors (NEDs) are not […]

July 27, 2023July 27, 2023 Robyn van der MerweSARS, Solar, Value Added Tax

Solar panel tax incentive for individuals

This note sets out the basic characteristics and requirements for the solar panel incentive announced by the Minister of Finance on 22 February 2023. This is meant to help individuals […]

June 15, 2023June 15, 2023 Robyn van der MerweIncome Tax, Taxpayer, Value Added Tax

Tax Obligations of Home Owners Associations (HOAs)

A Home Owners Association (HOA) is an association of persons formed for managing the collective interests common to all its members, regarding the expenditure applicable to the common immovable property. […]

April 6, 2023April 6, 2023 Robyn van der MerweSARS, Value Added Tax

VALUE-ADDED TAX TREATMENT OF ROUNDING DIFFERENCE IN CASH TRANSACTIONS

DRAFT BINDING GENERAL RULING (VAT)OCTOBER 2022ACT : VALUE-ADDED TAX ACT 89 OF 1991SECTION : SECTION 21(1), (3), (5), 16(2) AND (3)SUBJECT : VALUE-ADDED TAX TREATMENT OF ROUNDING DIFFERENCE IN CASH […]

January 24, 2023January 24, 2023 Robyn van der MerweCorporate Tax, Debt review, SARS, Value Added Tax

The Value-Added Tax Treatment of Debt Collection

VALUE-ADDED TAX ACT 89 OF 1991DRAFT INTERPRETATION NOTE – 09 SEPTEMBER 2022 for public comment SARS recently published this “Value-Added Tax treatment of debt collection” draft interpretation note for public […]

July 12, 2022July 12, 2022 Marc DerfoldyIncome Tax Act, Value Added Tax

DISQUALIFICATION AS A QUALIFYING COMPANY UNDER SECTION 12R(4)(b)

Income Tax Act 58 OF 1962, Section 12R(4)(b)Binding General Ruling (BGR) dated 22 February 2022 The Department of Trade and Industry has established various special economic zones (SEZ’s) within designated […]

January 18, 2022January 18, 2022 Marc DerfoldyTax Administration Act, Value Added Tax

SARS VAT Rulings Process Guide

Reference Acts and Guides Income Tax ActTaxation Laws Amendment ActRates and Monetary Amounts and Amendment of Revenue Laws Act TaxAdministration Amendment Act SARS published a guide (Issue 3) in November […]

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 […]

March 25, 2021March 25, 2021 Marc DerfoldyCorporate Tax, Tax Administration Act, Value Added Tax

Notional VAT

Reference Acts and Documents Value-Added Tax ActSARS VAT Tax Form 264SARS Binding General Ruling (VAT)43 (BGR43)SARS Interpretation No. 49 – Notional VAT and second-hand property What is Notional VAT? Subject […]

July 16, 2020July 16, 2020 Marc DerfoldyCapital Gains Tax, Corporate Tax, Employment Tax Incentive, Income Tax Act, P.A.Y.E, Pension Funds, Personal Income Tax, Provident Funds, Retirement, Trusts, Value Added Tax

RETURNS TO BE SUBMITTED BY A PERSON IN TERMS OF SECTION 25 OF THE TAX ADMINISTRATION ACT, 2011 (ACT NO. 28 OF 2011)

Gazette Number 43495 dated 03 July 2020 was published by the Commissioner of the South African Revenue Service (SARS) and is an update to the requirements for submitting / not-submitting […]

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