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Snapshot of new withholding tax on interest (WTI) – Are you liable?

18 May 2015 | Tax

High net worth individuals who hold local and foreign investments may not be aware of the new withholding tax on interest (WTI) introduced by SARS.

South Africa’s playing fields are not level when it comes to local businesses competing with multinationals in the digital economy

12 May 2015 | Tax

• SA companies cannot compete on an equal footing with multinationals providing digital goods and services in South Africa. • Action is required from the tax authorities, as well as a global solution

Reporting arrangements to SARS

04 May 2015 | Tax

Certain financial transactions (referred to as ‘arrangements’) meeting the requirements set out in section 35 of the Tax Administration Act, 2011 (the Act) are reportable to the South African Revenue Service (SARS) by the promoter or person who derives a tax or financial benefit from the arrangement (referred to as the ‘participant’).

Tax compliance – keeping abreast of recent changes at SARS

08 April 2015 | Tax

Everyone has a vested interest in tax compliance. The South African Revenue Services (SARS) has engaged in a five-year tax compliance programme spanning the tax years 2012/2013 to 2016/2017. Ilsa Groenewald, BDO’s Associate Director for Tax, takes a closer look at the current state of affairs.

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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