SARS amendments to the Trust Income Tax Return for 2015
18th November 2015 During the 2014 tax year, the South African Revenue Service (“SARS”) introduced a new income tax return for trusts (ITR12T) which was much more... →
The implementation of BEPS - how it may all come together
18th November 2015 We are all aware of “base erosion and profit shifting” or “BEPS”. On 5 October 2015, the OECD released its final reports in connection with its... →
Uncertainty regarding Sector Codes not aligned to the Amended Codes clarified
10th November 2015 On 28 October 2015, we reported on the trumping provision of the Broad‐Based Black Economic Empowerment Amendment Act 46 of 2013, which came into... →
Relaxation of visa rules and government’s plan of action
30th October 2015 In response to the recommendations of the inter-ministerial committee established by the President in August 2015 to consider factors relating to... →
What is “interest” anyway? Section 24J and interest deductions
23rd October 2015 Introduction Sections 11(a) and 23(g) of the Income Tax Act No. 58 of 1962 (“the Act”) are commonly referred to as the “general deduction formula”.... →
South African tax legislation – proposed amendments in an international tax context
23rd October 2015 This article sets out a brief summary of some of the proposed amendments introduced by recent South African draft Tax Bills. The article focuses on... →
Proposed amendments to the Tax Administration Act no. 28 of 2011 – keeping up with international standards
21st October 2015 The purpose of the Tax Administration Act No. 28 of 2011 (“the TAA”), is to ensure the effective and efficient collection of tax, by aligning the... →
Increasing disconnect between SARS’ legislated powers and its internal policies
21st October 2015 While the Tax Administration Act, 28 of 2011 (“the TAA”) determined and consolidated the powers and duties of South African Revenue Service... →
