Navigating the intricacies of provisional income tax in South Africa can be daunting, but understanding the basics is crucial to avoid penalties and ensure smooth sailing with SARS. Our article provides a list packed with do's and don'ts.

During November 2023 National Treasury released additional information relating to the new enhanced renewable energy tax incentive which is available to businesses in certain circumstances. The incentive takes the form of an enhanced capital allowance under the newly inserted section 12BA of the Income Act No.58 of 1962. This article briefly examines the most important features of the new allowance.