This article serves to enlighten the reader about the relocation of an employee to a new place of residence for employment purposes and identifies which expenses will be exempt from tax, if paid for by an employer.

A subsistence allowance is an allowance given to an employee in respect of incidental costs incurred when away from home for at least one night (sunset to sunrise) on company business. Do you also travel for work-related purposes?

This article serves as a summary of the main amendments to the tax legislation in Namibia expected to be implemented in 2019, as proposed during the 2018/2019 Budget Statement, earlier this year.

Hierdie artikel sluit aan by Oktober se inleidende artikel van “transfer pricing” en dien as ‘n opsomming van drie van Suid-Afrika se belangrikste reëls in hierdie verband, soos ingevolge die Inkomstebelastingwet 58 van 1962.

Hierdie artikel is ‘n inleidende opsomming om meer insig oor die konsep van “Transfer Pricing” te bied. Sekere reëls is ingestel om die verlies van inkomste te voorkom. Suid-Afrika erken ook die reëls.

When you do not have the appropriate / valid documentation at the time of completing a VAT201 return you may not, according to the VAT Act, claim the input tax in that specific tax period.

Die vergoedende reistoelaag verwys na ‘n terugbetaling wat deur werknemers ontvang word wat vir amptelike doeleindes namens die werkgewer gereis het. Die toepassing van die vergoedende reistoelaag het vanaf 1 Maart 2018 verander.

There has been recent confusion about customs requirements for travellers when it comes to personal valuables – what form, what must be declared and why?

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.

The minister of Finance announced in his budget speech of 21 February 2018 that the standard rate of VAT will increase from the current 14% to 15% with effect from 1 April 2018. As a transaction-based tax, the tentacles of VAT reach into virtually every area and system in a business.