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VAT refund – getting blood from a stone?

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When you get audited by SARS, before payment of your Value-Added Tax (VAT) refund, expect a long road accompanied by lots of frustration. Adding to this is that usually when a refund is claimed, it is often when your business really needs the cash flow.

Tax dispute delay frustrations

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A trend of increased delays and frustration with the South African Revenue Service’s (SARS’) dispute resolution process, are becoming apparent among taxpayers and tax practitioners alike.

The taxing question of Bitcoin

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The big question on everyone’s lips however, is twofold: How will cryptocurrency be taxed by the South African Revenue Service (SARS) and what will the exchange control standpoint of the South African Reserve Bank (SARB) be?

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