The first step for an aggrieved taxpayer to dispute a tax assessment is generally to lodge an objection in terms of section 104...
The importance of a thorough objection
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General tax matters
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...
Timing of accrual of proceeds from cash sales of property
A taxpayer is generally taxed on amounts at the earlier of accrual or receipt of those amounts. If one looks back at case law...