B2B Central

SARS

04 Jun 2019

SARS takes another step to improve service to taxpayers

By Janice Roberts

The South African Revenue Service (SARS) has improved online filing and filing at a SARS branch with several innovations for Tax Season 2019 to make it simpler and more convenient for taxpayers to file an income tax return.
22 May 2019

Unpacking gifting and donations from a legal point of view

By Janice Roberts

Gifts and donations are largely interchangeable terms but the context is different. That’s the word from David Thomson, Senior Legal Adviser at Sanlam Personal Finance.
28 Mar 2019

Mazars welcomes appointment of new SARS commissioner

By Janice Roberts

The appointment of Edward Kieswetter as the new commissioner of the South African Revenue Service (SARS) was an excellent decision by President Cyril Ramaphosa, and will help to bring policy certainty to the organisation.
06 Feb 2019

Top tips for provisional tax payers

By Janice Roberts

The second provisional return for the tax year 1 March 2018 till 28 February 2019 is ‘backward looking’, says Marc Sevitz, co-founder of TaxTim.
05 Feb 2019

Save money by topping-up your retirement annuity – or by investing today

By Janice Roberts

As the end of the South African tax year approaches, you have the opportunity to get a contribution to your retirement savings from the government. One way to do so is by topping up your retirement annuity (RA) or by investing in a new RA if you haven’t yet. Not only will you reduce your...
21 Dec 2018

Test for a simulated transaction avoiding the payment of tax

By Janice Roberts

By Patrick Bracher, Norton Rose Fulbright. A transaction is not necessarily a disguised one because it is devised for the purpose of avoiding liability for tax. If the parties honestly intend the contract to have the effect stated in the contract then the only question is whether there is liability for the tax or not....
20 Dec 2018

New research on profit shifting and corporate tax avoidance

By Janice Roberts

The largest 10% of multinationals are associated with as much as 98% of an estimated R7 billion tax loss. A new SA-TIED research study estimates that South Africa loses about 7 billion ZAR a year due to profit shifting by multinational corporations; amounting to about 4% of total current corporate income tax receipts. While this...
22 Oct 2018

Pain relief for taxpayers

By Janice Roberts

By Brett Cameron, Customer Solutions Manager, Old Mutual. What’s in the news? As the year’s income tax submission deadline draws closer, there is growing concern that the South African Revenue Service (SARS) may fail to meet its tax collection targets for the year. According to the recent Tax Indaba, about 40% of outstanding taxes may...
18 Oct 2018

VBS curator reduces costs of the Bank

By Janice Roberts

Over the past months, the curator of VBS Mutual Bank, Mr Anoosh Rooplal, has had to reduce all non critical costs in an attempt to align cash inflows with the cash outflows. Cash expenses have been exceeding cash income earned by the mutual bank.
27 Sep 2018

What SMMEs need to know about compliance

By Janice Roberts

Large multinational companies have been dominating the news for all the wrong reasons lately. Anne-Marie Pretorius, MD at consulting firm Bizmod says that many of these organisations’ issues can be attributed to weak processes and inadequate corporate governance and compliance policies.
27 Sep 2018

Why you should inform SARS that you’re emigrating

By Janice Roberts

A growing number of South African expatriates risk falling foul of local tax laws because they don’t understand the concept of financial emigration, and therefore don’t act on it.
18 Aug 2018

Tightening up on the offshore trust rules

By Janice Roberts

By Ernest Mazansky, Head of Tax Practice, Werksmans Attorneys.