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SARS makes special arrangements for lockdown

26 March 2020 | Tax

The South African Revenue Service (SARS) is fully aligned and supportive to the overall Containment Strategy of Government, in response the COVID-19 pandemic. SARS is also sensitive to the economic distress and anxiety that is likely to result during this unchartered and unprecedented phenomenon.

The Coronavirus and tax

25 March 2020 | Tax

The coronavirus has hit hard almost all aspects of life affecting people and their businesses worldwide. No doubt it will also have an effect on various aspects of taxation. On a domestic front lower personal and business income, including losses, will reduce the income of Governments worldwide from taxation.

At a loss – Treasury’s proposal to limit the use of assessed tax losses

11 March 2020 | Tax

In his recent Budget Speech, Minister Mboweni proposed tax legislative amendments affecting the use of assessed losses. But what are the practical implications of these proposed amendments for taxpayers?

One good turn: Donations made at fundraising events gets the thumbs up from SARS

09 March 2020 | Tax

The upside of charitable giving for a taxpayer is usually a corresponding deduction for tax purposes. A taxpayer can show a receipt for a donation made to a public benefit organisation (“PBO”) in terms of section 18A of the Income Tax Act. But what happens when an amount paid to a PBO is partly a donation and partly for taking part in fundraising activities?

quick poll

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If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?

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