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 […]
Fincor
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 […]
Guide for employers in respect of fringe benefits – 2025 update
Source: SARS External Guide, effective 12 March 2025 after the annual budget speech from the Minister of Finance This article, the first 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 […]
Application of proviso to Section 8EA(3) of the Income Tax Act
Section 8EA of the Income Tax Act, No 58 of 1962 (Act) constitutes an anti-avoidance provision which, if applicable, has the effect that the amount of any dividend or foreign […]
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 […]
SARS GUIDE ON THE SOLAR ENERGY TAX CREDIT PROVIDED
DRAFT SARS GUIDE ON THE SOLAR ENERGY TAX CREDIT PROVIDED UNDER SECTION 6C – February 2024 Following on from our article “Renewable Energy Incentives” dated 23 November 2023, herewith follows […]
Transfer Pricing Methods – The Cost Plus Method
Before explaining the Cost Plus Method, a summary of why certain Methods are chosen must be given. Also, please read the previous articles regarding Transfer Pricing principles before reading these […]
Interest deductibility in South Africa
In South Africa, interest is deductible under the Income Tax Act, whether or not the interest is capital in nature, provided the interest is incurred “in the production of income” […]