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
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 considers a recurring request to...
by Pieter van der Zwan | Feb 27, 2023 | Amendments, Corporate and business tax, Individuals and wealth planning
The Budget 2023 sets out the National Treasury’s proposals for tax amendments in the 2023 legislative cycle. This article briefly considers a selection of proposals. Energy incentives The Budget Review proposes two incentives to encourage private energy...
by Pieter van der Zwan | Feb 9, 2023 | Corporate and business tax
Interpretation note on intra-group loans SARS recently published Interpretation Note 127 (‘IN127’). It mainly deals with applying the arm’s length principle to intra-group loans, as the transfer pricing rules require. This complex area requires consideration of,...
