BUDGET 2017: GREATER THAN THE SUM OF ITS PARTS
Finance Minister, Pravin Gordhan and the National Treasury, have their work cut out for them in the 2017/18 financial year.
The economic stewards of...
NEDS MUST REGISTER FOR VAT!
SARS has confirmed the interpretation of the VAT law that requires non-executive directors (NEDs) of companies to register for and charge VAT in respect...
SMALL BUSINESS BUDGET FEARS?
High and middle-income earners are hearing a stream of bad news as the 2017/2018 Budget Speech by Finance Minister Pravin Gordhan approaches. Analysts are...
TFSAS – WHEN ARE THEY APPROPRIATE?
Much has been written about Tax Free Savings and Investment Accounts (TFSAs) and there was considerable excitement when these vehicles were first launched. While...
The calm before the storm
With less than a month to go before the 2017 Budget Speech, attention is shifting to possible tax amendments expected to be implemented in the new tax year.
NEW BILLS SIGNED INTO LAW
On 11 January 2017, President Zuma signed the following Finance Bills into Law.
Taxation Laws Amendment Act
The main purpose of the Bill is to amend...
TAX IMPACT SA MULTINATIONALS
Proposed tax amendments to SA’s controlled foreign company (CFC) rules will adversely impact South African multinationals with foreign subsidiaries that have assessed tax losses,...
CUSTOMS & EXCISE TAXING?
Demand from SARS
If you receive a letter of demand from SARS and intend disputing the alleged contravention, then it is advisable to request that...
