SA Tax Newsletters - 2021-06-04
Offshore assets - SARS issuing letters to affected taxpayers
In February 2021, SARS issued a media release that SARS had received from 87 jurisdictions across the world, information detailing the offshore financial assets of South African taxpayers and that SARS intended to undertake a careful review of the information and audit it, where necessary.
Read moreSA Tax Newsletters - 2021-06-04
VAT Deregistration: Know about the VAT Exit Charge
The VAT Act requires persons carrying on an enterprise whose taxable supplies have exceeded or are expected to exceed R1million in a period of 12 months to register for VAT. A person may also voluntarily register if their supplies have exceeded R50 000 or are expected to exceed R50 000 in a 12-month period. A person may opt to voluntarily register for various reasons amongst them to secure the claiming of input VAT.
Read moreDoing Business In - 2021-06-01
Doing Business in Botswana
The latest Snapshot of doing business in Botswana is now available for download.
Read moreDoing Business In - 2021-05-12
Doing Business in Venezuela
We are pleased to launch the latest publication of the Doing Business in Venezuela guide.
Read moreSA Tax Newsletters -2021-04-28
The welcome review of two very important SARS procedures: VDPs and ATRs
A focal point of the 2021 Budget Review relates to the proposed strengthening of SARS. Numerous recommendations made by the Nugent Commission to address governance failures at SARS have, to date, been implemented, including the re-establishment of the Large Business Centre, as well as units within SARS focussing on litigation, compliance and integrity.
Read moreSA Tax Newsletters -2021-04-28
The compromise of tax debt: fact or fable?
In current economic times, some taxpayers may prefer to follow the “head-in-sand” approach when it comes to outstanding tax debts it has no means of paying. Unfortunately, this approach will not make the tax debt go away, but rather give rise to interest being levied in respect thereof.
Read moreSA Tax Newsletters -2021-04-28
Venture Capital Companies: a birds-eye view
The 2008 Budget Review identified the challenges faced by small and medium-sized businesses in accessing equity finance i.e., the acquisition of finance by way of the issue of shares to investors.
Read moreDoing Business In -2021-04-27
Doing Business in the UK
We are pleased to launch the latest publication of the Doing Business in the UK guide.
Read moreDoing Business In -2021-04-13
Doing Business in Canada
We are pleased to launch the latest publication of the Doing Business in Canada guide.
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