Repo rate unchanged
Repo rate unchanged

Consumers will breathe a sigh of relief after the South African Reserve Bank's (SARB) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5%.

20 Sep 2018

Mark Kingon, acting Sars commissioner
Nene extends Kingon's stint

Acting South African Revenue Services (Sars) chief executive, Mark Kingon, will hold the position for a further three months, after Finance Minister Nhlanhla Nene extended his stint...

18 Sep 2018

FairPlay's fight for VAT-free chicken picks up support in Parliament
FairPlay's fight for VAT-free chicken picks up support in Parliament

Chicken emerged as a favourite to be VAT-exempted for the support of South Africa's poor, when stakeholders presented their responses to the Woolard Panel of Expert's report in Parliament yesterday...

13 Sep 2018

National Credit Amendment Bill to provide relief to consumers
National Credit Amendment Bill to provide relief to consumers

The National Assembly on Wednesday adopted the long-awaited National Credit Amendment Bill, which aims to address and prevent over-indebtedness of consumers...

13 Sep 2018

Nhlanhla Nene, finance minister
Technical recession could affect tax collection

With the recent announcement by Statistics South Africa that the country is in a technical recession, Finance Minister Nhlanhla Nene says this may affect tax revenue collection.

11 Sep 2018

Dr Roelof Botha
Recession? What recession? Now let's talk land reform

Economist, Dr Roelof Botha is quite adamant that South Africa is not in a recession despite what Stats SA said...

By Nicci Botha 10 Sep 2018

EPA/Nic Bothma
To zero-rate, or not to zero-rate: why the VAT debate is more complex than it appears

The one percentage point increase in South Africa's value added tax (VAT) rate, which was implemented in April this year, has raised important questions about how the tax system can and should address inequality...

By Imraan Valodia & David Francis 7 Sep 2018

Ettiene Retief, chairman of the National Tax and Sars Committee at the Saipa
The return of Sars' Large Business Centre welcomed

Sars' decision to re-establish its Large Business Centre will undoubtedly ease the administrative and compliance burden of big business and high net-worth individuals...

By Ettiene Retief 5 Sep 2018

Christopher Renwick
Digging for the answers on crypto and tax

Most people know what Bitcoin, or cryptocurrency, is by now. Some have even bought and sold a few and more impressively, some have found out how to turn cryptocurrencies into a business. Then, there are the miners...

By Christopher Renwick 4 Sep 2018

Making chicken VAT-free should be a national imperative, says FairPlay founder
Making chicken VAT-free should be a national imperative, says FairPlay founder

South Africa is processing a new report produced by an independent panel that reviewed the current list of items exempted from value-added tax...

3 Sep 2018

Dr Daniel Erasmus
Navigating the minefield of a tax audit

As a taxpayer you have the right to administrative justice. So, if you undergo a South African Revenue Service (Sars) audit, both you and tax office need to be compliant...

30 Aug 2018

Two found guilty of defrauding Sars
Two found guilty of defrauding Sars

A bogus tax practitioner was one of two people sentenced to a combined 26 years direct imprisonment for defrauding the South African Revenue Service (Sars)...

29 Aug 2018

Shutterstock
Zero-rated VAT items: how South Africa is going about expanding the list

South Africa is processing a new report produced by an independent panel that reviewed the current list of items exempted from value added tax (VAT)...

28 Aug 2018

International escrow and tax services offered by Europlaw Group
International escrow and tax services offered by Europlaw Group

Europlaw Group has entered a joint venture with Ithuba Savings Credit Corp Limited representing ISCC Group, that has an international footprint from the banking to oil and gas industries...

Issued by Europlaw 27 Aug 2018

Shutterstock
What changing the ownership of South Africa's central bank will, and won't, do

South Africa's second largest opposition party, the Economic Freedom Fighters (EFF), has lodged a parliamentary motion to amend laws that govern the management and ownership of the country's central bank...

By Jannie Rossouw 27 Aug 2018

Louis Botha, associate in the tax and exchange control practice at Cliffe Dekker Hofmeyr
The not-so golden loop structure of cross-border tax

In deciding whether to invest abroad and which country to invest in, taxpayers would potentially consider whether South Africa has a double tax agreement with a specific country...

By Louis Botha 24 Aug 2018

Cessation of temporary letting of residential property by developers
Cessation of temporary letting of residential property by developers

SARS released a Binding General Ruling on 25 July 2018 on the temporary letting of residential dwellings by developers, principally to provide clarity of the cessation of section 18B of the Value Added Tax Act, 1991...

By Graeme Palmer 24 Aug 2018

The changing face of VAT and e-commerce in South Africa
The changing face of VAT and e-commerce in South Africa

Tax systems around the world are struggling to keep pace with the digitisation of commerce and South Africa, too, was arguably starting to fall behind in this "new frontier for VAT"...

By Wesley Grimm & Des Kruger, Issued by Webber Wentzel 17 Aug 2018

Mark Kingon, Sars acting commissioner
Tobacco industry commits to working with Sars

The fight against illicit trade in cigarettes and other tobacco products has received a boost Sars, Tisa and the Fita agreeing to work together...

16 Aug 2018

Panel recommends additions to the VAT zero-rated list
Panel recommends additions to the VAT zero-rated list

White bread, flour, school uniforms, nappies and sanitary towels should be made zero-rated items, according to value-added tax (VAT) panel report...

13 Aug 2018

Jonty Leon, legal manager at Financial Emigration
New tax law doesn't put your passport at risk

The tax law amendment designed to compel expatriates to pay tax is going ahead, causing many citizens living abroad to consider the legal formalities of terminating their South African tax and exchange control residency...

By Jonty Leon 8 Aug 2018

Newly appointed Sars CFO, Johnstone Makhubu. Photo: Twitter
Sars appoints new finance chief

The South African Revenue Services (Sars) has appointed Johnstone Makhubu as its chief financial officer (CFO)...

8 Aug 2018

Professor Suresh Kana, new chair of the King Committee
King hands over his crown

On 1 October 2018, Professor Mervyn King is handing over the role of chairman of the King Committee to Professor Suresh Kana...

6 Aug 2018

VAT panel deadline extended
VAT panel deadline extended

The deadline for the review of the current list of value added tax (VAT) zero-rated items has been extended to 6 August 2018...

1 Aug 2018

Sars prescription only starts once tax return has been submitted
Sars prescription only starts once tax return has been submitted

In the recent case of CSARS v Char Trade, the Supreme Court of Appeal (SCA) that prescription begins to run against CSARS when a return for secondary tax on companies (STC) is submitted to SARS by a taxpayer...

By Eric Madumo and Joon Chong, Issued by Webber Wentzel 30 Jul 2018

Dispute resolution gives Sars a case of motion sickness
Dispute resolution gives Sars a case of motion sickness

A trend of increased delays and frustration with the South African Revenue Service's (Sars') dispute resolution process, are becoming apparent among taxpayers and tax practitioners alike...

By Christopher Renwick 24 Jul 2018

TLAB looks at changing tax on unit trusts
TLAB looks at changing tax on unit trusts

Treasury appears to have taken a tough and inflexible stance in addressing the ongoing industry debate on the income tax treatment of disposal of assets within a collective investment scheme (CIS) - or unit trusts...

23 Jul 2018

Tertius Troost, senior tax consultant, Mazars
How Sars may treat cryptocurrencies

The draft Taxation Laws Amendment Bill (TLAB) contains proposals made by Treasury on the tax treatment of cryptocurrencies...

By Tertius Troost 18 Jul 2018

Ettiene Retief, chairman of the national tax and Sars committee at SAIPA
Getting Sars back on track

The South African Revenue Service (Sars) seems to be pulling all the stops to get back on track and to collect taxes in an efficient and effective way...

17 Jul 2018

Treasury publishes draft tax laws bills
Treasury publishes draft tax laws bills

National Treasury has published the draft Taxation Laws Amendment Bill, (TLAB) and draft Tax Administration Laws Amendment Bill (TALAB) for public comment...

17 Jul 2018

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