The Taxation Laws Amendment Act 23 of 2020 contains amendments to section 25B and paragraph 80 of the Eighth Schedule, which on the surface may appear inconsequential but do have important tax implications. These amendments came into operation on the date of promulgation, namely 20 January 2021 AMENDMENTS HAVING CGT CONSEQUENCES (SECTION 25B(1), PARAGRAPHS 80(2)…
3d render business concept capital gains tax crossword cubes This article is the second and final in this series examining the various reliefs and implications which can arise within capital gains groups of companies. Part 1 set out the definition of a capital gains group and how to determine which companies are part of such…
We highlight below some of SARS’ operational and tax administration matters that have been addressed recently Author | Somaya Khaki, Project Director: Tax (Member Services) SARS’ use of Adobe Flash As noted in the February issue of ASA, following the discontinuation of Adobe Flash Player and the subsequent challenges that taxpayers experienced, SARS released its…
This article provides an overview of the quantitative analysis of responses to the Monitoring Group Consultation Paper as presented in the Gibson Dunn Report as they pertain to some of the significant changes proposed by the MG, and SAICA’s views as presented in its comment letter. Read the full article here.
In modern marketing, there is a new reality in which marketers have to compete for shoppers’ attention online long before a purchase decision is mad. Read the full article here.
In this article, Nico Fourie takes a closer look at the current classification and subsequent measurement interpretations concerning cryptocurrencies. Read the full article here.
When executive management and the board of directors of a company have a clear understanding of the potential impact of the proposed carbon tax on their business, measures can be identified and implemented to manage and minimise risk and to capitalise on the opportunities that may aris. Read the full article here.
At first glance, the facelifted BMW i3 does not look very different from the original, but there is something that makes the car look refreshed. Read the full article here.
Ask many an accountant, be it a tax practitioner or a member in business, and they will tell you that tax administration and tax operational issues feature highly on the list of issues keeping them awake at night, more so than the tax technical issues these days. Some concerns hinge around whether the Tax Administration…
There appears to be a limited uptake of the extended mandate of the Tax Ombud, particularly when it comes to systemic and emerging issues, which is regrettable considering the potentially impactful nature of this taxpayer remedy. Section 16 of the Tax Administration Act 2011 (the TAA) deals with the mandate of the Tax Ombud, which…