When SARS issues an assessment with which the taxpayer is not in agreement with, certain procedures must be followed to ensure that the assessment is correctly dealt with.
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The South African Revenue Service (SARS) recently published a media release to clarify the confusion about the customs requirements for South African travellers returning
When SARS issues an assessment with which the taxpayer is not in agreement with, certain procedures must be followed to ensure that the assessment is correctly dealt with.
You have worked hard for many years, and have finally saved enough funds and mustered the courage to take the big leap that you have been dreaming about for such a long time
South African residents are subject to exchange controls with the effect that they may, inter alia, not freely transfer South African assets offshore.
In the recent case of Marshall N.O. and Others v Commissioner for the South African Revenue Service CCT208/17 [2018] ZACC 11 (25 April 2018)
In certain circumstances a VAT vendor may deduct a notional input tax credit in respect of “second-hand goods” acquired from non-vendors where no VAT is actually payable
Theo Vermaak (CA SA) steps in as the new PFK South Africa chairman from June 2018.
Salary earners, excluding persons who earn more than 50% of their salaries by way of commission, are limited with regards to the deductions available against salary income.