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Advice for provisional taxpayers who have missed the tax deadline

17 April 2018 | Tax

Are you a provisional taxpayer who recently awoke in the dead of night in a cold sweat with the realisation that you missed the 28 February 2018 provisional tax deadline? Or do you have a sinking feeling that you should have submitted a provisional return but didn’t? Either way, burying your head in the sand in the hopes that the issue will go away is not the best way forward.

SARS’ new rule: Is travel compensation still worth the chase?

10 April 2018 | Tax

Which is better - company car or travel allowance? It’s a question that regularly plagues both employers and employees. “In light of new SARS requirements for travel reimbursements, it needs to be carefully revisited,” says Jerry Botha, Master Reward Specialist and Executive Committee member of the South African Reward Association (SARA).

SARS’s stance on the tax treatment of cryptocurrencies

06 April 2018 | Tax

The South African Revenue Service (SARS) will continue to apply normal income tax rules to cryptocurrencies and will expect affected taxpayers to declare cryptocurrency gains or losses as part of their taxable income.

The VAT increase and the sale of residential property

04 April 2018 | Tax

An increase in the Value Added Tax (VAT) rate to 15% will come into effect on 1 April 2018. Generally, the sale of residential property is subject to transfer duty, however, if a seller is a VAT vendor, such as a property developer, VAT may be payable. How will the VAT increase effect the sale of residential property, where a property is purchased before 1 April but transfer only occurs after the date of the increase?

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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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