Tag: South African Revenue Service (SARS)
Investor opportunities using S12J VCCs?
In June 2009, The Income Tax Act was amended to make provision for investors to be incentivised to invest in Venture Capital Companies (VCCs).
KPMG South Africa leadership changes and key findings arising from KPMG...
As has been widely reported, various allegations have been raised with respect to KPMG South Africa’s work on behalf of the Gupta family and work performed in 2014-2015 on the ‘Report on Allegations of Irregularities and Misconduct’ which KPMG South Africa produced for the South African Revenue Service (SARS report).
Focus on transfer pricing in Africa increasing!
Tax is the price we pay for civilisation and transfer pricing is the price we pay for globalisation.
Over the years, transfer pricing has...
Dormant company debt a tax headache?
Corporates 'can' acknowledge that winding up a dormant company within their South African group of companies can result in a tax headache.
SARS attacks low no-interest loans!
Low-interest or no-interest loans to trusts are again in the sights of SARS and the Treasury.
The 2017 Draft Taxation Laws Amendment Bill (Draft TLAB)...
‘Surprise – you have to pay my tax!’
In certain circumstances, SARS may hold a person personally liable for the tax debt of another taxpayer. Broadly, the at-risk third parties fall into...
FPI receives ‘Recognised Controlling Body’ status by SARS
The Financial Planning Institute of Southern Africa (FPI); a South African Qualifications Authority (SAQA) recognised professional body; has recently been approved by the South...
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...
