Tax

Minister to tackle growing inequality in emergency budget with higher marginal tax rates; corporate scrutiny

Finance Minister Tito Mboweni could tackle growing income inequality, exacerbated by COVID-19, in next week’s emergency budget while putting pressure on SARS to collect additional revenue from corporates and high net worth individuals.

Taxpayer’s right to be notified is a matter of administrative justice

How corporate taxpayers can deal with pushbacks from a revenue-hungry SARS

Corporate and provisional taxpayers should brace themselves for more pushbacks than usual from the South African Revenue Service (SARS) in the coming months.

Few will be able to claim ‘home office’ expenses, at this stage

Many South Africans who had to start working from home due to the national coronavirus lockdown imposed on businesses will not yet be able to claim “home office expenses”.