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News article
17 November 2017
We live in hard times. Economic downturns, rising inflation, unemployment rates and the tightening of purse strings by companies all increase the financial stresses that are synonymous with our times. Consequently, some taxpayers genuinely cannot...
News article
23 November 2017
The release of the Taxation Laws Amendment Bill (TLAB) on 25 October 2017 includes a proposal which could have a significant tax impact for companies.  The proposed amendments to Section 22B of the Income Tax Act No.58 of 1962 and Paragraph 43A of...
News article
12 February 2018
This article intends to highlight the basic differences between financial emigration and the process of becoming a non-resident of South Africa for tax purposes. There is often confusion between the two concepts, and individuals sometimes...
News article
22 February 2018
On 21 February 2018 we were presented with the Budget Speech by current Minister of Finance, Malusi Gigaba. It was widely accepted that drastic steps would be proposed in the Budget Speech in order to address the revenue shortfall of R48.2 billion,...
News article
2 March 2018
Former Finance Minister Malusi Gigaba announced on 21 February 2018 that South Africans would now be paying 15% Value-Added Tax for standard rated supplies as of 01 April 2018. This is the first time the VAT rate has increased in South Africa since...
News article
15 March 2018
Employers are able to compensate their employees, for costs incurred in respect of business travel, in a number of ways. One of the generally accepted methods of compensation is to reimburse the employee based on mileage travelled. The value of the...
News article
13 April 2018
Land expropriation without compensation is a controversial topic in South Africa. Proponents of this topic mention the following benefits, amongst others:  Re-industrialising South Africa's economy, Emphasis on black ownership in terms of land...
News article
20 April 2018
The South African Revenue Service (“SARS”) issued a media release on 16 April 2018 where they advised that they have started, together with the National Prosecuting Authority (“NPA”), to prosecute non-compliant taxpayers who have failed to submit...
News article
23 April 2018
South African Revenue Services (“SARS”) in their Tax Laws Amendment Bill of 19 July 2017, supported by the Explanatory Memorandum thereto, acknowledged that a common mechanism used in practice by taxpayers to enable a debtor to settle a debt is for...
News article
25 May 2018
International trading has become more and more customary for both individuals and companies, with imports and exports, as well as foreign investment becoming easier as the world becomes smaller with the help of internet, e-commerce, and so forth....

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