Op 16 April 2018 het die Suid-Afrikaanse Inkomstediens (SAID) ŉ nuwe inisiatief aangekondig waar daar voorts saam met die Nasionale Vervolgingsgesag (NVG) gefokus gaan word om belastingbetalers wat versuim om hul opgawes in te dien, te vervolg.
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Where a company vehicle is provided by an employer to an employee, the employee must be taxed on a monthly basis on the use of the company vehicle, as it is deemed to be a fringe benefit for private purpose. This article explains the payroll tax consequences for an employee when a company vehicle is provided by the employer for private travel purposes.
Payroll tax implications relating to the acquisition of a company car by an employee, as well as travel allowances, can be a tricky business. Great care should be taken by employers to correctly account for these items, when they process payrolls.
The 2017 Draft Taxation Laws Amendment Bill and the 2017 Draft Tax Administration Laws Amendment Bill have been published by the National Treasury and the South African Revenue Service (SARS) on 19 July 2017. An important change is proposed for South African residents working abroad.
Import VAT’s timing rules changed more than 3 years ago. There are however still VAT Vendors not claiming the import VAT in the correct period. This article provides a quick recap regarding the applicable new requirements.
The question whether VAT or transfer duty must be levied on a fixed property transaction can be a confusing affair. This article aims to simplify the issue and to summarise different scenarios which a taxpayer might encounter in practise.