Category Archives: Tax

Tax and Solar Energy Plants: Your Business Can Deduct the Costs Upfront

“If only there was some kind of an infinite power source that was free to use all day every day…” (Anon) In a recent binding ruling, SARS confirmed it will allow the cost of solar power units. The capital costs … Continue reading

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Small Businesses: Make The Most of Your Tax Breaks!

“There are two systems of taxation in our country: one for the informed and one for the uninformed.” (U.S. Judge Learned Hand) Whether you have recently started a new venture or have had a small business for a while don’t … Continue reading

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Sugar Tax: Good for the Taxman, Bad for the Sugar Industry

“If governments tax products like sugary drinks, they can reduce suffering and save lives. They can also cut healthcare costs and increase revenues to invest in health services” (World Health Organisation) The Sugar Tax was introduced last April and has … Continue reading

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Expat Tax: How Will The Changes Affect You?

“A fine is a tax for doing wrong. A tax is a fine for doing well.” (Ecard humour) (Note: If you aren’t yourself an expatriate, please think of passing this on to someone who is – forward planning is important here!) … Continue reading

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VAT Taxpayers: New Relief on Correcting Tax Invoices

There has been an anomaly in VAT law which new legislation has now largely resolved. The problem with the old position  It has always been simple to correct calculable errors in tax invoices, such as price. A VAT debit or … Continue reading

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Be Aware Of the Changes to VAT on Electronic Services

The Minister of Finance warned in his 2017 Budget speech that VAT on electronic services would be widened. Treasury has now published regulations that come into effect on 1 April 2019. The major changes The definition of “Electronic Services” has … Continue reading

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Is SARS Attacking Your Medical Tax Credit?

Taxpayers and tax practitioners have in recent months been surprised to find their medical claim tax credits queried by SARS. Up to this year the processing of the tax credit has gone smoothly. To many taxpayers such as those with … Continue reading

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Taxpayers Note: How To Upload Supporting Documents Using eFiling

SARS have instructed that taxpayers on eFiling need to submit supporting documentation as follows: Files should be no more than 5mb each. You can upload up to twenty files. Document types need to be: Excel (xls or xlsx) or Word … Continue reading

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Beware the New Corporate Income Tax Penalties! And Your Tax Deadlines For November

There are only run-of-the-mill tax deadlines for November but companies need to take note of a new warning from SARS that it will be imposing administrative penalties from December 2018 for outstanding Corporate Income Tax (CIT) returns.  Until now, penalties … Continue reading

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Administrative Penalties for Corporate Income Tax (CIT) to be Imposed

SARS will be imposing administrative penalties from December 2018 for outstanding Corporate Income Tax (CIT) returns. Administrative penalties will be imposed on companies that receive a final demand to submit a return. In terms of Section 210 of the Tax … Continue reading

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