by Pieter van der Zwan | Sep 29, 2023 | Individuals and wealth planning
An estimated 20 000 to 25 000 South Africans emigrate from the country every year. The current trend is that this number is increasing. The reasons and circumstances for South Africans emigrating vary for each individual or family. Factors such as a lack of employment...
by Pieter van der Zwan | Aug 7, 2023 | Amendments, Corporate and business tax
The National Treasury published the draft Taxation Laws Amendment Bill for the 2023 legislative cycle on 31 July 2023. It contains a proposal that relates to the withdrawal of Practice Note 31 of 1994 (‘PN31’). This article considers the background and proposed...
by Pieter van der Zwan | Jul 8, 2023 | Corporate and business tax
Place of effective management (‘POEM’) is critical in determining the South African tax residence of persons other than natural persons. SARS recently published Issue 3 of Interpretation Note 6 (‘IN6’), which deals with POEM. This article considers the continued...
by Pieter van der Zwan | May 12, 2023 | Value Added Tax
Vendors may deduct input tax on goods or services acquired for purposes of making taxable supplies in the course of furtherance of their enterprise. This article considers a recent tax court judgment (case 1922) that dealt with input tax deducted by a...
by Pieter van der Zwan | Mar 24, 2023 | Corporate and business tax
LinkedIn Facebook Twitter Gmail SARS did away with the IT14 supplementary declaration for companies (IT14SD) in September 2022. It replaced that declaration with a letter that requests supporting documents based on the reason for the verification. This article...
