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 […]
SARS
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 […]
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 […]