The previous article on the topic of understatement penalties (USP) concluded that taxpayers need to carefully consider the...
Understatement penalties – Part 2: Evaluating advice obtained
read more
General tax matters
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...
A tax perspective on the valuation of shares
The recent case of CSARS v The Executors of Estate Late Sidney Ellerine (142/2017) [2018] ZASCA 39 (28 March 2018) dealt with...
The fine line between dividends and income
Dividends are generally not subject to normal tax in the hands of the recipient. The profits from which such dividends have been...
Tax issues: socio-economic and development expenditure
South African businesses play an integral role in socio-economic upliftment and development of communities, in particular those...