This is the first in a series of articles explaining the process of submitting a request to SARS for an advance tax ruling. A SARS guide, Issue 3, dated 11 […]
Tax
Urban Development Zone Allowance
This is the first article in a series discussing urban zone development allowances. This article lists the first of two requirements, the building requirement and urban development zone requirement, to […]
Tax Exemption Guide for Recreational Clubs – Issue 5 (2025), part 4 – Record-keeping and Income Tax Returns provisions of the Tax Administration Act
This is article 4 in a series of articles discussing the updated Tax Exemption Guide for Recreational Clubs published by SARS. Record-keeping All recreational clubs are required to keep records […]
Tax Exemption Guide for Recreational Clubs – Issue 5 (2025)
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”. […]
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 […]
Taxation of Divorce Settlements
In South Africa, divorce settlements are taxed in terms of the Income Tax Act. The tax implications of a divorce settlement depend on the nature of the assets being transferred. […]
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 […]