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When SARS requests supporting documents

Category Tax

FOLLOWING SARS Commissioner Edward Kieswetter's announcement that he intends to rebuild SARS' enforcement capabilities as part of his quest to become the scourg

Retirement and your 'second wind'

Category Tax

With improved healthcare and the trend towards healthier lifestyles, many people are living to a ripe old age. Make sure that your money lasts as long as you do

Beware the 'Ides of SARS'

Category Tax

"A Soothsayer bids you beware the ides of March". These famous Shakespearean words forewarning the misfortune of Roman emperor Julius Caesar...

Tax compliance lives beyond death

Category Tax

I started my first job back in September 1987 at the tender age of 18, and approximately nine months later I received my very first income tax return from...

How and when deposits are taxed

Category Tax

The South African Revenue Service recently published a new Interpretation Note relating to the taxation of deposits. In the ordinary course of business...

Transfer of assets between spouses: What are the tax implications?

Category Tax

Section 9HB of the Income Tax Act provides for a roll-over of a capital gain or loss when an asset is transferred between spouses during their lifetimes.

Wear-and-tear allowance

Category Tax

Capital expenditure incurred in the production of income and in carrying on of a trade does not qualify for a deduction under the so-called general deduction...

 
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