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,...
by Pieter van der Zwan | Jan 11, 2023 | Corporate and business tax, General tax matters
Action 15 of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (‘BEPS’) required the development of a multilateral instrument (‘MLI’). This instrument allows countries to modify existing bilateral tax treaties synchronously and efficiently to...
by Pieter van der Zwan | Nov 9, 2022 | Amendments, Corporate and business tax
The National Treasury published the Taxation Laws Amendment Bill for 2022 on 26 October 2022. Amongst others, this bill includes an amendment that affects returns of capital. This is the outcome of a process that started in 2021. Principles of returns of capital When...
