Taxation

Tax pervades every part of our lives, both business and personal. We provide taxation services that are practical, relevant and focused on our clients’ specific business and personal requirements, whatever their size or industry. At RSM you have access to senior experts who are dedicated to finding the best possible tax solutions for your business.

When assessing your tax needs, it is no longer acceptable to merely focus on local laws and regulations. We are living in an age where there is regularly some form of international exposure in a transaction, be it on a personal scale or within a business structure.

We are ideally placed to address these aspects, offering taxation advice from both local experts and RSM member firms across the world. RSM specialise in working with organisations that require in-depth, up-to-date knowledge of local rules together with seamless co-operation between tax professionals in different jurisdictions.

Our objective is to ensure our clients comply with the relevant legislation while at the same time striving to minimise their tax liabilities where possible in an efficient and practical manner.

Corporate Tax Services

To enable your business to grow, it’s important to handle tax requirements correctly. Inadequate management of tax can lead to financial loss and other serious consequences. At RSM, our team provide bespoke tax assistance that is designed with your business’s unique requirements in mind. We offer expertise in tax compliance, international tax, VAT and payroll tax and both indirect taxation and direct taxation.

Personal Tax Services

We also provide personal taxation services for families and individuals who require specialist advice. Keeping up to date with the latest rules and regulations can be time-consuming and challenging. RSM are here to help you adequately plan and manage your personal tax. We can assist you with completing annual tax returns, ensuring compliance, communicating with the taxation authority and processing registrations and applications. We also offer taxation advice for international tax structures, the implications of immigration and emigration, as well as taxation of expat workers.

You can find out more about our corporate and personal tax services via the links below:

Corporate tax services          Personal tax services

Tax Insights

A quick guide to personal tax submissions

21 July 2022
This year's individual tax filing season began on 1 July, and taxpayers should be aware that the South African Revenue Service ("SARS") has made several changes to the tax return submission process.

Tax on digital assets

17 June 2022
With the introduction of Bitcoin as the first decentralised cryptocurrency back in 2009, digital assets have taken on various forms, from traditional cryptocurrencies to NFT’s and have steadily gained popularity throughout the world. 

New interest limitation rules for South Africa

23 March 2022
The Taxation Laws Amendment Act of 2021 was published and promulgated on 19 January 2022. One of the potentially most significant changes arising are amendments specific to the rules around the limitation of interest deductions in respect of debts owed to persons not subject to tax.

Proposed model for APA program in SA

17 March 2022
In December 2021 SARS released a document setting out a proposed model for establishing an Advanced Pricing Agreement Program (“APA program”) in South Africa combined with draft legislation specific thereto. In this regard SARS had previously issued a draft discussion paper on the introduction of an APA program in 2020.

Clarifying the rules dealing with WHT exemption declarations

17 March 2022
South Africa applies withholdings taxes (“WHT”) on royalties from a source within South Africa paid by any person, resident or not, to a foreign person, as well as on interest from a source within South Africa and also dividends. All these WHT’s can potentially be reduced or eliminated by the application of a double taxation treaty (“DTA”).

Section 7C Deemed Donations 2022 deadline

15 March 2022
The provisions of Section 7C of the Income Tax Act referring to instances of deemed donations have now been effective for a number of years. Over that time, SARS has extended the scope of the provisions to counter different measures being adopted by certain taxpayers to escape their exposures.

2022 Budget Speech Tax Highlights

24 February 2022
Finance Minister Enoch Godongwana presented his first budget speech on 23 February 2022. He claims that the budget strikes the critical balance between saving lives and livelihoods, while supporting economic growth.

2022 Budget Speech Highlights

23 February 2022
Following the 2022 Budget Speech by Finance Minister, Enoch Godongwana, RSM Tax Director, Neil Hughes covers the highlights from the speech.

VAT and GST tax compliance in a data-driven digital age

16 February 2022
Recent advancements in digitalisation and the use of data have transformed the way that businesses engage with global revenue authorities. Today, tax and customs authorities have an increasing ability to automatically process and analyse information supplied by taxpayers.

The evolution of Africa's transfer pricing landscape: why global businesses should take notice

20 January 2022
Historically, transfer pricing legislation and regulations in Africa have been limited. Many African jurisdictions have chosen to tax cross-border transactions using tools such as withholdings tax regimes, and therefore transfer pricing principles have generally taken a back seat to date, however there are signs that this is changing.

Incentivising Innovation and Investment in the New Global Tax Landscape

4 January 2022
The rules of global taxation are on the brink of change for the first time in nearly 100 years. The leaders of the Organisation for Economic Co-operation and Development (OECD) G20 met in Rome on 30 October 30th 2021 to finalise the agreement for a global minimum tax.

G20 and OECD: The future of the global tax system

27 August 2021
The OECD recently issued a Statement on a “Two Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy”. The OECD/G20 Inclusive Framework, agreed to by more than 130 countries is the OCED’s and G20’s vision for the international tax future. There are two aspects (referred to as “Pillars”):

Limitation of assessed losses

13 August 2021
The release of the 2021 Draft Taxation Laws Amendment Bill (Draft TLAB) and the 2021 Draft Tax Administration Laws Amendment Bill (Draft TALAB) at the end of July will result in corporate taxpayers crunching hard at their numbers.

Donations to the Solidarity Fund - Can you claim?

3 August 2021
During the Covid-19 pandemic, the Solidarity Fund was established as a Public Benefit Organisation (“PBO”) with a mandate to support the national health response, contribute to humanitarian relief efforts and mobilise South Africans in the fight against Covid-19.

Home office expenses for work from home employees

1 July 2021
Have you been working from home? Can you claim a tax deduction? Is it worth the effort?

Related People

Dieter Schulzedieter_schulze.jpg

CEO & Tax Service Line Leader

 

John JonesJohn Jones2.jpg

Director: Corporate & International Tax 

 

Contact our tax team


 

Download our latest tax guide here

2021/22 Tax Guide