2024 - 2024-04-15

Ethics and Tax Planning

The International Ethics Standards Board for Accountants (IESBA) will introduce 2 new sections in the Code of Ethics (Code) to “ strengthen the ethical expectations for professional accountants [PAs] in business and in public practice when performing tax planning services”.

2024 - 2024-03-22

New Advanced Pricing Agreement (APA) legislation introduced in South Africa

Multinational enterprises (MNEs), which are generally regarded as connected parties and/or associated enterprise located in different jurisdictions. Section 31 of the Income Tax Act requires that MNE's must transact with each other at arm's length prices when transferring goods or services.

2024 - 2024-03-22

Capital allowances for buildings

There are several different capital allowances allowed by the South African Revenue Service (SARS) with regards to buildings, this article focuses on 2 of these capital allowances:

2024 - 2024-02-21

It’s time to make the hard decisions to get SA back on track, Mr Minister

2024 - 2024-02-08

PAYE obligations for Foreign Employers

Following the 2023 National Budget on 21 February 2023, draft legislation was published on 28 July 2023 where it was proposed by National Treasury (NT) that all foreign employers would be required to register for Employees Tax (PAYE) and make the necessary payments to the South African Revenue Service (SARS) in respect of remuneration paid to any employees located in South Africa (SA).

2023 - 2023-09-27

SARS Introduces document encryption to protect taxpayer confidentiality

As from 28 August 2023, the South African Revenue Services (hereafter “SARS”) has embarked on a mission to protect documents with passwords in order to ensure that the intended recipient can access the information.