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”. […]
SARS
Taxation of Foreigners Working in South Africa
Source: SARS Guide “LAPD-IT-G21-Guide-on-the-Taxation-of-Foreigners-working-in-South-Africa”. The purpose of this guide is to inform foreigners working in South Africa and their employers about their income tax commitments as well as to provide […]
Game Farming and the Income Tax Act
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 […]
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 […]