Does the label on a contract determine its tax consequences? The Western Cape High Court considered this question in CSARS...
When do you need to look further than the transaction’s label? The Meiring Citrus case
read more
General tax matters
The taxation of crypto assets
SARS published a draft guide on the taxation of crypto assets in early July. Although it is not binding, even once finalised, it...
What is section 42?
Taxpayers and their advisors employ section 42 of the Income Tax Act in various types of transactions. When encountering this...
To charge interest or not?
The question often arises whether the tax law obliges certain lenders to charge interest on loans to connected parties. This...
The timing of tax deductions matters
One often encounters arguments that the year in which something is taxed or deducted does not really matter: as long as SARS...
The ABSA case: “Party” and “Tax Benefit” under the GAAR
The general anti-avoidance rules (GAAR) in sections 80A to 80L of the Income Tax Act 58 of 1962 (the Income Tax Act) have...