Action 15 of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (‘BEPS’) required the development of a...
The MLI comes into effect for South Africa
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General tax matters
The importance of a thorough objection
The first step for an aggrieved taxpayer to dispute a tax assessment is generally to lodge an objection in terms of section 104...
When is SARS out of time to raise an assessment?
Tax assessments must reach finality. For taxpayers this happens when SARS can no longer issue additional assessments for the...
Tax on cryptocurrency transactions
Cryptocurrencies present lucrative trading as their short-term values fluctuate wildly. They may however also prove to be...
Exposure to penalties while in an assessed loss position
Introduction Taxpayers who find themselves in a loss-making position often intuitively assume that as long as they are...
Relevance of accounting standards to South African taxpayers
Income tax legislation and accounting standards generally operate independently. Despite the fact that both ultimately aim to...