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 […]
SARS
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 […]
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 […]