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REITs – a recent ruling about ‘qualifying distributions’

08 February 2016 | Tax

Real estate investment trusts (REITs) are subject to a special tax regime in South Africa.

Compulsory annuitisation of provident funds to take effect on 1 March 2016: what are the exceptions?

03 February 2016 | Tax

In a decision that is ultimately no real surprise, the compulsory annuitisation of provident funds will be going ahead from 01 March 2016.

Time’s running out to save on your tax bill

02 February 2016 | Tax

The next tax season opens on 1 July this year and smart investors who file early can look forward to some tax back from SARS later this year. What will you do with you tax refund? Fund your next holiday? Use it as a deposit on a new car, or simply continue to bolster your bank account? While July may still be a long way off, you only have until the end of February to contribute to your retirement annuity and reap the benefits for the current tax year.

Preservation orders - the court sets a high bar for SARS

01 February 2016 | Tax

In The Commissioner for the South African Revenue Service v Sunflower Distributors CC and Others (66077/2015) [2015] ZAGPPHC 896 (17 November 2015), the court had to decide whether a provisional preservation order granted in favour of the South African Revenue Service (SARS) should be made final.

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