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 […]
SARS
Promissory Notes and Taxation
A Promissory Note is a legal contract between a party that has borrowed money from another party that has lent the money. This document outlines the terms of repayment in […]
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 […]
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 […]
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 […]
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 […]