Articles
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Are Bond-Raising Fees Tax Deductible?
For years, taxpayers grappled with the tax treatment of bond-raising fees and has been subject to uncertainty. It is not unusual, that when a taxpayer applies for funding, that the cost of borrowing may include an upfront charge for arranging or raising the required finance.
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The Importance of Reviewing Third-Party Data
SARS receives information from employers, medical schemes, retirement annuity providers, banks and other institutions and uses this third-party data to automatically generate an assessment or pre-populate information on the tax return.
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Financial Instruments Under the Revised IFRS for SMEs: What's Actually Changed
Under the Revised IFRS for SMEs standard, two sections have become one, an entire measurement option has disappeared and Section 11 now has to work harder than it ever has before.
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Big Changes Coming for South African Trusts
If you are a founder, trustee, beneficiary or considering forming a trust, you should take note of the proposed Regulation of Trusts Bill, 2026, which aims to repeal and replace the Trust Property Control Act, 57 of 1988 that has since been regulating South African trusts.
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No Taxation Without Representation
The American Revolution drew force from the clarion call, ‘No taxation without representation’. Britain emerged from the Seven Years’ War with substantial debt and sought to raise more revenue from its American colonies.
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The Cost of Waiting: Six Warning Signs Directors Should Act on Before Business Rescue Becomes the Only Option
Business rescue has become an increasingly familiar feature of South Africa's corporate landscape.
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One Contract, Five Steps: A Worked Example under the new IFRS for SMEs
Over the past few articles, we have walked through the five-step revenue recognition model introduced by the revised IFRS for SMEs Accounting Standard, effective for annual periods beginning on or after 1 January 2027, one step at a time: identifying a contract, unpacking its performance obligations, determining the…
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SARS Clarifies VAT Treatment of Student Accommodation in Binding Ruling
The South African Revenue Service (SARS) recently issued VAT Ruling VR 015 providing important clarity on the VAT treatment of purpose-built student accommodation supplied directly to students for an unbroken period exceeding 28 days.
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Fulfilling the Promise: Recognising Revenue When Performance Obligations Are Satisfied under the new IFRS for SMEs
Having identified a contract, unpacked its performance obligations, determined the transaction price, and allocated that price to each obligation, the final step answers the most fundamental question in revenue accounting: when does revenue get recognised?
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Execution Risk: The Silent Killer of Strategy
South African boardrooms are not short on strategy. Across infrastructure, retail, financial services, mining, and manufacturing, organisations continue to invest heavily in growth plans, transformation initiatives, and ambitious strategic programmes.
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Recent SARS Developments: Increased Enforcement, Digitalisation, and Key Judicial Shifts
The South African Revenue Service (SARS) continues to accelerate its modernisation and digitalisation agenda across all tax types. While these advancements aim to improve efficiency and transparency, they have simultaneously introduced heightened compliance risks for taxpayers.
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Tax Court Representation: A Landmark Victory for Access to Justice
A groundbreaking judgment by the Supreme Court of Appeal (SCA) fundamentally transformed the landscape of tax dispute resolution in South Africa.
