From 1 June 2019, the all new Carbon Tax Act 15 of 2019 (CTA) will be effective, and the final method of reporting and administration thereof is said to follow shortly thereafter. This new tax type will affect any person or entity who conducts an activity which results in the emission of greenhouse gases above the allowed threshold.

SARS released new rules regarding the compulsory use of a logbook, which are applicable from the 2019/2020 financial year. Previously, taxpayers only had to keep a logbook for business travelling purposes, but in terms of the new rules, taxpayers must declare all travelling, including private travelling, in a travel logbook.

Hierdie artikel is ‘n opvolgartikel van ons Maart 2019 uitgawe. Wonder u moontlik oor die kostes verbonde aan finansiële emigrasie en watter inligting u aan die owerhede moet verskaf? FHBC is opgewonde om aan te kondig dat ons u van hulp kan wees met die opweeg van belange, die insameling van die nodige dokumentasie/bewysmateriaal, die berekening van die belasting en ander kostes verbonde aan die proses asook die voltooiing van die aansoek om finansieel te emigreer.

The million-dollar question on everybody’s lips, is whether a sponsor may deduct its sponsorship expenditure as an advertising expenditure in terms of section 11 of the Income Tax Act 58 of 1962. This is quite an open debate within a grey area of our law. Read more for an update on this topic.