Offshore tax exemption to be reviewed

Amanda Visser|Published

There are concerns about the new tax on foreign income and the conditions applying to the R1 million exemption

‘Unfair’ Sars penalty regime under fire

Amanda Visser|Published

The South African Institute of Tax Professionals has submitted several proposals to ensure fairness in the treatment of taxpayers by the taxman.

Driving drunk can also cripple you financially

Amanda Visser|Published

There is little doubt that South African roads are dangerous and unpredictable.

Pros and cons of greater banking competition

Amanda Visser|Published

Lower fees and commissions and more choice - but not all players may be responsible

The importance of an independent trustee

Amanda Visser|Published

The obligation to appoint an independent trustee for all new trusts has been in place for more than a year.

Watch out for this tax scam

Amanda Visser|Published

Sars warns taxpayers in wake of scam and unethical practitioners demanding a cut

Insurers consider covering land expropriation

Amanda Visser|Published

Government's announcement that it will expropriate land without compensation has created interest among insurers.

‘Pay now, argue later’ Sars rule under scrutiny

Amanda Visser|Published

The South African Revenue Service?s ?pay now, argue later? rule is justified in certain circumstances.

Nene attributes decline in tax compliance to deficit of trust in Sars

Amanda Visser|Published

Minister Nhlanhla Nene says non-compliance undermined the fairness of the tax system resulting in substantial shortfalls in revenue collections

Realistic and pragmatic approach to current fiscal dilemma

Amanda Visser|Published

Tax and policy commentators said the 2018 Budget was pragmatic and realistic given the current fiscal dilemma the country finds itself in.

#Budget2018: Gigaba says VAT increase was unavoidable

Amanda Visser|Published

The Value Added Tax (VAT) rate has been increased by one percentage point to 15% and will generate much-needed revenue of almost R23bn.

#Budget2018 - It is a tough but hopeful budget, Gigaba

Amanda Visser|Published

Economic improvement over the past few months has seen a smaller than anticipated budget shortfall for the 2017-18 fiscal year of R48. 2bn, instead of R51bn.

Sars considers tax courts again to curb non-compliance as submissions drop

Amanda Visser|Published

Sars is considering the re-establishment of criminal tax courts following a rise in the number of taxpayers failing to submit their tax returns.

True relief offered by VAT zero-ratings raises questions

Amanda Visser|Published

National Treasury has indicated that the shock of the zero-rating removal on petrol, diesel and paraffin might be softened with a freeze

Concern and support for higher education funding plans

Amanda Visser|Published

Two government initiated reports on free education ? one by the Presidency and one by the National Treasury ? suggest a ?cost sharing model?

Tough times ahead for battle fatigued taxpayers

Amanda Visser|Published

In his budget speech Minister Malusi Gigaba said he expects the biggest tax revenue shortfall in the current fiscal year since the 2009 recession.

#MTBPS2017 The good years are gone

Amanda Visser|Published

Years of continued tax revenue growth, despite a decline in the rate of economic growth has now come to an ?abrupt? halt, says Minister Gigaba.

#MTBPS2017: Government is tired of being dragged into crises

Amanda Visser|Published

The lack of proper controls and governance at state-owned enterprises has increased expenditure without concomitant turnarounds.

Drastic decline in tax collection leads to revenue shortfall of R50.8bn

Amanda Visser|Published

Gigaba announces the largest under-collection in tax since the 2009 recession.

Minister under pressure as he prepares to present mini budget

Amanda Visser|Published

Minister Malusi Gigaba will have to quell some fears about the state of the economy when he tables his first mini-budget in Parliament next week.

WATCH: Drastic increase in taxpayer complaints against SARS

Amanda Visser|Published

The Tax Ombud has seen a drastic increase in the number of complaints raised by individuals and representatives from taxpayers.

OPINION: Trusts - do they stay or do they go

Amanda Visser|Published

Constant legislative changes affecting the taxation of trusts have raised questions about the future viability of the structures which are in place.

Tax Ombud finds the delay of refunds caused undue hardship

Amanda Visser|Published

The Office of the Tax Ombud has found that the withholding of tax refunds by the South African Revenue Service (Sars) had become a systemic problem.

Faith in business rescue process is on the rise

Amanda Visser|Published

Confidence in the business rescue process has increased over the past six years since its introduction into the Companies Act

Corporates contributing less tax

Amanda Visser|Published

The contribution of corporate income tax to total tax collections in South Africa has diminished over the years.