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2018 - 27 11 2018

FIXED PENALTIES IMPOSED ON NON-COMPLIANCE WITH TRANSFER PRICING DOCUMENTATION

On 11 May 2018, the South African Revenue Service (“SARS”) published, by Government Gazette; “Incidences of non-compliance by a person in terms of Section 210(2) of the Tax Administration Act, 2011 (Act no. 28 of 2011) that are subject to a fixed amount penalty in accordance with Sections 210(1) and 211 of the Act.”

2018 - 27 11 2018

VENTURE CAPITAL COMPANIES (VCCs) - TAX INCENTIVE

Treasury is incentivising South African taxpayers to invest in the local economy, via a tax deduction on the investment amount, provided the investment is structured through an approved section 12J Venture Capital Company (“VCC”).

2018 - 27 11 2018

FUTURE EXPENDITURE ON CONTRACTS – SECTION 24C OF THE INCOME TAX ACT

Section 24C was included in the Income Tax Act as a relief measure to taxpayers. It is to deal with a situation where an anomaly would arise when income is received in one year and expenditure is incurred in the subsequent year. Absent section 24C, the income would be fully taxable in the year received without any deduction for future expenditure.

2018 - 26 09 2018

NOTICE OF OBJECTION

GEAGTE KLIËNT, Dit het onder ons aandag gekom dat die SAID soms foutiewe belastingaanslae uitgereik het aan van ons kliënte. Wanneer die SAID ‘n belastingaanslag uitreik waarmee die belastingpligtige nie saamstem nie, is daar sekere vaste prosedures wat gevolg moet word ten einde die regstelling van die aanslag te verseker.

2018 - 26 09 2018

REQUEST FOR REASONS

When SARS issued an assessment with which the taxpayer is not in agreement with, certain procedures must be followed to ensure that the assessment is correctly dealt with. We will elaborate on the different options and timeframes which a taxpayer must adhere to.

2018 - 26 09 2018

APPEAL

When SARS issued an assessment with which the taxpayer is not in agreement with, certain procedures must be followed to ensure that the assessment is correctly dealt with. We will elaborate on the different options and timeframes which a taxpayer must adhere to.

2018 - 26 09 2018

HERSIENING EN OPDATERING VAN JOU TESTAMENT: OPPAS VIR DIE “STANDAARD” TESTAMENT

Jou testament behoort jou die gemoedsrus te gee dat jou bates sover moontlik volgens jou wense verdeel sal word by afsterwe en dat daar goed omgesien word na dié wat agterbly.

2018 - 31 07 2018

GEAGTE KLIËNT

Voor ons weer ons oë uitgevee het is meer as helfte van 2018 reeds verby!

2018 - 31 07 2018

CLAIMING VAT INPUT CREDITS IN RESPECT OF SECOND-HAND GOODS ACQUIRED

In certain circumstances a VAT vendor may deduct a notional input tax credit in respect of “second-hand goods” acquired from non-vendors where no VAT is actually payable to the supplier.

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