Op 16 April 2018 het die Suid-Afrikaanse Inkomstediens (SAID) ʼn nuwe inisiatief aangekondig waar daar voorts saam met die Nasionale Vervolgingsgesag (NVG) gefokus gaan word om belastingbetalers wat versuim om hul opgawes in te dien, te vervolg.
Where a company vehicle is provided by an employer to an employee, the employee must be taxed on a monthly basis on the use of the company vehicle, as it is deemed to be a fringe benefit for private purpose. This article explains the payroll tax consequences for an employee when a company vehicle is provided by the employer for private travel purposes.
Payroll tax implications relating to the acquisition of a company car by an employee, as well as travel allowances, can be a tricky business. Great care should be taken by employers to correctly account for these items, when they process payrolls.
The 2017 Draft Taxation Laws Amendment Bill and the 2017 Draft Tax Administration Laws Amendment Bill have been published by the National Treasury and the South African Revenue Service (SARS) on 19 July 2017. An important change is proposed for South African residents working abroad.
Beware – Getting your valid Employment Tax Incentive (ETI) refunds are not a walk in the park.
Import VAT’s timing rules changed more than 3 years ago. There are however still VAT Vendors not claiming the import VAT in the correct period. This article provides a quick recap regarding the applicable new requirements.
Fairly recently changes to provisional tax penalties were made in amendments to the Income Tax Act and the Tax Administration Act. The amendments affect the provisional tax penalties.
Often, we receive questions regarding various aspects of provisional tax. The following article is to serve as a basic guide for future reference when dealing with provisional tax.
The question whether VAT or transfer duty must be levied on a fixed property transaction can be a confusing affair. This article aims to simplify the issue and to summarise different scenarios which a taxpayer might encounter in practise.
On 24 October 2016, the new Binding General Ruling (BGR) No. 36 relating to the application of section 16(2)(g) of the Value-Added Tax (VAT) Act, was released by the South African Revenue Service (SARS).
