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 [...]
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 [...]
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 [...]
The #KnowYourNPO Status campaign targets Non-Governmental Organisations, Community-Based Organisations and Faith-Based Organisations registered as NPOs to comply with the provisions of the Act. According to Section 18 (1) (a) of the NPO Act, every registered [...]
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 [...]
A tax invoice plays a pivotal role in the VAT system for suppliers and recipients alike. In terms of the Value-Added Tax Act, No 89 of 1991 (VAT Act), a supplying vendor is obliged to [...]
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 [...]
Debt restructuring and relief within the business environment have been undertaken since time immemorial. Given the current economic climate, such debt restructuring and relief has increased and thus received concomitant increased attention from the relevant [...]
Getting married has implications for a couple's finances and taxes. We look at different types of marriage contracts and what difference they make during a marriage and also when it ends in divorce or death. [...]
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 [...]
