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The dispute resolution process, as outlined under Chapter 9 of the Tax Administration Act, No. 28 of 2011 (“the TAA”), read together with Part B, of the Tax Administration – Regulations (“the Regulations”), provides the applicable timelines within which such a dispute resolution process must be initiated.
On 22 February 2023, the 2023 Budget Review was presented, mainly focusing around the energy crisis in South Africa. However, as usual, there are proposed amendments to the tax legislation.
An outline and analysis of the South African National Budget Speech, delivered on Wednesday 22 February 2023 by Finance Minister Enoch Godongwana
The South African Revenue Service (SARS) accepted the increased revenue collection estimate announced by Minister of Finance, Mr Enoch Godongwana. In his 2023 Budget Speech, the Minister increased the revenue estimate to R1.69 trillion, an increase of R93.7 billion from the 2022 February Budget statement.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?