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2015 - 20 May 2018

Will SARS allow you to deduct your Company/Close Corporation’s assessed loss?

Under normal circumstances SARS will allow a taxpayer to carry forward the previous tax year’s assessed loss and set it off against the current tax year’s taxable income. However, there are certain circumstances under which SARS will not allow a taxpayer to carry forward the previous year’s assessed loss and the assessed loss will be lost for set off against future taxable income as well.

2018 - 16 May 2018

Cryptocurrencies – what are they talking about?!

If you follow the media you would’ve noticed that cryptocurrency and blockchain has been the hot topic in the media the past year. It is a concept that few truly understand and it could change the future for everyone in a major way.

2018 - 16 May 2018

Geldige BTW fakture

Ten einde insetbelasting te kan eis vanaf die Suid-Afrikaanse Inkomstediens (SAID) moet fakture ontvang vanaf verskaffers voldoen aan die vereistes van ‘n geldige BTW faktuur. Alle besighede wat geregistreer is vir BTW moet die nodige aandag skenk aan fakture wat ontvang word. Met die verandering in die BTW koers van 14% tot 15%, het BTW onder die soeklig gekom.

2018 - 16 May 2018

Extending the application of CFC Legislation to foreign companies held by foreign trusts and foundations

South African legislation has for many years contained anti-avoidance provisions in the form of controlled foreign company (CFC) rules which effectively taxes South African residents on their percentage of income of a CFC. A CFC is defined as any foreign company where more than 50% of the participation rights (equity and voting rights) are held by one or more South African residents.

2018 - 16 May 2018

Addisionele mediese aftrekking vir ’n individu: Wanneer kan ek mediese uitgawes uit die sak betaal eis vanaf die SAID?

Addisioneel tot die Artikel 6A mediese belastingkrediet is daar ook ‘n aftrekking beskikbaar vir individue (belastingpligtiges) wat mediese uitgawes self uit die sak uit betaal, in terme van Artikel 6B van die Inkomstebelastingwet.

2018 - 19 Apr 2018

Important Notification: Employer Annual Reconciliation Due

Please note that the Employer Annual Reconciliation is due for submission to SARS by 31 May 2018.

2018 - 27 Mar 2018

Hoe beïnvloed die 1% BTW-verhoging jou besigheid?

Die Minister van Finansies het in sy begrotingsrede op 21 Februarie 2018 die BTW-koersverhoging van 14% tot 15% aangekondig. Hoewel die meeste besighede tans fokus op hoe om hul stelsels op te dateer om voorsiening te maak vir die nuwe koers, is die impak van die wysiging moontlik nog nie ten volle oorweeg en in ag geneem nie.

2018 - 27 Mar 2018

How does the 1% VAT increase affect your business?

The Minister of Finance announced the VAT rate increase from 14% to 15% in his Budget Speech on 21 February 2018. Whilst most business have been focusing on how to get their systems updated to account for the new rate, not many have taken into consideration the full impact of this rate change.

2018 - 27 Mar 2018

Changes to reimbursive travel expenses from 1 March 2018

Employers may elect to reimburse employees for the travel costs at a set rate per kilometre, as opposed to a fixed monthly travel allowance.

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