05 Mar 2018
SAICA, in a joint initiative with the Financial Intelligence Department of the University of South Africa (UNISA), are conducting a survey of small, medium and large businesses as well as of individuals to evaluate and compare the costs/benefits of compliance with the tax system on them as taxpayers.
26 Feb 2018
Where a property developer constructed residential units for sale and these units are temporarily let out as a result of the adverse economic conditions the developer had to declare the output vat on a deemed supply of such units. This imposition of VAT on the deemed supply is based on the open market value of the property when the property was first let out. This resulted in unreasonably high negative cash flow consequences for property developers.