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Tax deductions for home expenses – Working from home

In light of the Covid-19 pandemic there has been a significant increase in employees having to work from home. Following from the national lockdown, many businesses have started looking at the possibility of having employees work from home for an extended period…

Provided By Eversheds Sutherland

by Peter van Niekerk, Donovan Avenant and Alicia Powell

SARS, stand in line: How tax debts rank in business rescue

A company in financial distress may have a variety of outstanding tax debts at the commencement of business rescue. Besides capital amounts of tax due,...

SARS, stand in line: How tax debts rank in business rescue

Taxation of donors and beneficiaries of trusts

With effect from 1 March 2019, significant changes were made to the Income Tax Act relating to the taxation of offshore trusts and distributions made to South African resident beneficiaries. The legislative amendments were prompted to curb the use of the offshore…

Provided By Eversheds Sutherland

by Natalie Napier

Drafting Sale of Immovable Property Agreements – Part 1

Important considerations This article is the second article in a series of articles on the drafting of agreements relating to immovable property. The first article –...

by Martin Kotze and Allen West

Law firm finance 101 – Interest tax shield

Every law firm’s managing partner knows that the key to success is having sufficient capital to fund the daily activities of his/her firm and to...

by Darius Zeederberg

Law firm finance 101 – Interest tax shield

Taxation in South Africa: Does it even matter where my company is registered?

“I don’t want to pay tax in South Africa. I have therefore registered a company in Delaware (or the UK or Mauritius or wherever). So...

by Jana van Zyl

Taxation in South Africa: Does it even matter where my company is registered?

Tax proposals in the 2020 budget

In a difficult economic climate, Minister Tito Mboweni delivered a budget speech, which on the face of it appears to provide a number of positive...

by Natalie Napier

A marriage of for-profit and not for profit: An empowerment compliance dream? – Public Benefit Organisations

A Public Benefit Organisation (“PBO“) is defined in the Income Tax Act 58 of 1962 as amended (“ITA”) as a South African non-profit company or...

by Nicolene Schoeman-Louw

Supreme Court of Appeal curbs abuse of Section 24C of the Income Tax Act

In the recent case of CSARS v Clicks Retailers (Pty) Ltd (58/2019) [2019] ZASCA 187, the Supreme Court of Appeal (“the SCA”) sided with SARS...

by Thomas Lobban

Unilateral extension of prescription – Tax assessment audits

We have recently seen that the South African Revenue Service (“SARS”), in conducting audits in respect of taxpayer’s affairs, places reliance on section 99(4) of...

by Carmen Gers and Nicolette Smit

Unilateral extension of prescription – Tax assessment audits

A lesson in the timeous institution of arbitration proceedings

Arbitration is steadily on the rise in the developing world.[1] More interesting is that this growth seems to be centered around Africa, or, at least,...

by SchoemanLaw Inc

Tax Law – An Introduction 2e

About this publication Tax Law: An Introduction deals with the fundamentals of income tax in a practical and clear manner that makes this book an ideal...

Comprehensive guide now available to address expat tax

Where a foreign expatriate takes up employment in South Africa, the resultant tax consequences can be very complex and demand a deeper understanding of South...

Parliament passes 2019 tax bills

Parliament has passed the Rates and Monetary Amounts and Amendment of Revenue Laws Bill [B17-2019], Taxation Laws Amendment Bill (TLAB) [B18B-2019] and the Tax Administration...

Have you made full disclosure in your tax return?

With the deadline for individuals (who are not provisional taxpayers) fast approaching for submitting their tax returns, a question that is worth asking is whether...

by Natalie Napier

Dividend stripping provisions in updated tax bills

With the delivery of the Medium Term Budget Policy Statement on 30 October 2019, updated and amended draft tax bills have been released highlighting the...

by Natalie Napier

Walking the tightrope – Guidelines for defining your malus and clawback policy

There is a growing trend in South Africa towards businesses adopting malus and clawback policies in relation to their variable pay structures and employee incentive...

by Anita Moolman and Andrew Giliam

Walking the tightrope – Guidelines for defining your malus and clawback policy

The tax exemption for foreign employment income – SARS releases FAQ and Draft Interpretation Note

It has been widely publicised that on 1 March 2020, changes to the exemption for foreign employment income in s10(1)(o)(ii) of the Income Tax Act...

The tax exemption for foreign employment income – SARS releases FAQ and Draft Interpretation Note

How taxpayers will cough up for the new National Health Insurance Fund

The new National Health Insurance (NHI) Bill, tabled in Parliament on 8 August 2019, sheds some light on the establishment of the controversial new NHI...

by Aneria Bouwer

How taxpayers will cough up for the new National Health Insurance Fund

Draft Taxation Laws Amendment Bill 2019 published for comment

The 2019 Draft Taxation Laws Amendment Bill (Draft TLAB) and the 2019 Draft Tax Administration Laws Amendment Bill (Draft TALAB) have been published for comment. According...

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