Good news for expats: Your first R1m won't be taxed

Sep 14 2017 11:38

Treasury has proposed changing parts of the draft Taxation Laws Amendment Bill after taxpayers living abroad explained how it will severely knock remittances to SA.


Trusts: Another tax loophole about to close

Sep 03 2017 16:59

Another tax loophole is about to slam shut for South Africans who use interest-free or low interest loans made to a company-connected person in relation to trusts.


Over 2 100 complain to tax ombud in last financial year

Sep 11 2017 09:56

Complaints to the tax ombudsman spiked from 156 to 2 133 in a two-year period, Finance Minister Malusi Gigaba said in a written parliamentary reply.


Plan to cut tax credits could see poorest medical aid holders lose out

Aug 29 2017 07:35

Removing tax credits for medical schemes will make them unaffordable to 22% of current scheme holders, affecting poorer members most, according to research.


More flexible domestic treasury management requirements

Aug 24 2017 19:36

The draft Taxation Laws Amendment Bill proposes that the requirement that a domestic treasury management company be incorporated in SA be removed.


#GuptaLeaks: Questions surround Guptas’ minimal tax returns

Aug 23 2017 07:30

Evidence from the #GuptaLeaks shows that SARS accepted declarations from the three Gupta brothers to the effect that they earned R1m or less each per year - and paid personal income tax accordingly.


Tax ombud sees further rise in complaints

Aug 07 2017 21:39

There was a 5% increase in complaints to the tax ombud in the 2016/17 financial year, Finance Minister Malusi Gigaba has revealed in a written Parliamentary response.


Look out for these tax change proposals

Jul 25 2017 14:02

A tax expert points out the specific tax proposals contained in the draft tax legislation released for comment last week.


Treasury's plan to target trusts gains momentum - tax expert

Jul 24 2017 10:04

The Draft Taxation Laws Amendments Bill includes further changes to curb the tax-free transfer of wealth to trusts through a low interest or interest-free loan.


Double tax may be on cards for South Africans who work overseas

Jul 20 2017 13:24

If planned new legislation goes through Parliament, South Africans who work overseas could be taxed by SARS for foreign earnings from March 1 2019.


Beware of Airbnb tax pitfalls

Jul 14 2017 16:21

Before spending an Airbnb windfall, consider the tax implications of earning this income and ensuring that adequate provision is made for any tax liability.

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