Looking abroad: Some possible insight into South Africa’s forthcoming gambling tax

Authors: Louis Botha and Louis Kotze (Cliffe Dekker Hofmeyr) In the 2019 Budget Speech, the Minister of Finance announced that draft legislation pertaining to the long-awaited gambling tax would be published for public comment in [...]

2020-12-14T12:35:33+00:00 February 14th, 2021|Articles|

South African Tax Court rules in favour of taxpayer in ‘most favoured nation’ test case

Authors: Mareli Treurnicht and Emil Brincker (Cliffe Dekker Hofmeyr) On 12 June 2019 the Cape Town Tax Court delivered its judgment in the dividends tax test case between ABC Pty Ltd (Taxpayer) and the South African [...]

2020-12-14T12:43:30+00:00 January 14th, 2021|Articles|

How the Ignorance and Lack of Knowledge of VAT Vendors are Affecting the Poor, and Everyone Else

With the increase in the VAT rate from 14% to 15% on 1 April 2018 came great concern regarding the impact thereof on low-income households. The argument is that VAT is a regressive tax and [...]

2020-07-14T17:07:49+00:00 December 14th, 2020|Articles|

Investing Abroad? The Foreign Investment Allowance is at your Disposal

  It is common nowadays for South African persons to diversify their investment portfolio and to invest in foreign jurisdictions. When doing so, South African residents must ensure that they transfer funds abroad in a [...]

2020-07-14T16:46:57+00:00 October 14th, 2020|Articles|

Cruel accrual? An important judgment for taxpayers in the property development industry

It is an established tax law principle that an amount will form part of a person’s gross income, in the year of assessment in which the amount accrues to that person. However, as illustrated by [...]

2020-07-14T16:28:43+00:00 August 14th, 2020|Articles|

Supporting documents: onus to keep documents remains on the taxpayer

We have all heard about tax practitioners having to go to a SARS branch office in a van stacked with invoices. Tax professionals are acutely aware that unless you can present the relevant supporting documents [...]

2019-06-20T16:31:06+00:00 June 20th, 2019|Articles|