The tax implications of arrangements involving claims for damages are often complex, whether viewed from the perspective of the...
Kangra Group case: Deductibility of damages settlement payment
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General tax matters
The tax effect of terms of financing instruments
The case of Crookes Brothers Limited v C:SARSÂ was widely commented as a rare case that deals with the South African transfer...
Prescription of self-assessed taxes arising from low-interest loans
The Tax Administration Act (TAA) makes provision for prescription of tax assessments. This provides taxpayers with finality in...
Understatement penalties – Part 2: Evaluating advice obtained
The previous article on the topic of understatement penalties (USP) concluded that taxpayers need to carefully consider the...
Understatement penalties – Part 1: Effect of advice obtained
Most additional assessments raised by SARS following an audit into the affairs of a taxpayer include the imposition of an...
Tax Administration: Follow the rules strictly
The Tax Administration Act (the TAA) was introduced to, amongst others, provide clarity on that administrative procedures to be...