Revenue Service - Policy, Law & Economics News

19 May 2013

18 Apr 2013

Judgment was delivered on 6 March 2013 in the North Gauteng High Court in the matter between Kirsten and Thomson CC t/a Nashua East London v The Commissioner of the South African Revenue Service....

27 Feb 2013

Govt proposes youth employment tax incentive

YOUTH EMPLOYMENT

The National Treasury has proposed the introduction of a youth employment tax incentive to assist South Africa’s young work seekers in gaining valuable work experience and access to employment....

14 Dec 2012

No preferential creditor status for SARS in a business rescue

WERKSMANS ATTORNEYS

Since the date of inception of the new Companies Act 71 of 2008, as amended (Act) (1 May 2011), we have seen numerous and informative judgments handed down by our High Courts in the various...

03 Aug 2012

Widespread diesel rebate audits in mining sector

Cliffe Dekker Hofmeyr

SARS is at the moment carrying out wide-spread diesel rebate audits in the mining sector. On completion of such an audit the mining company usually receives a 'Letter of audit findings' to which it...

25 Jul 2012

SA: Wort: Address by African Tax Administration Forum Executive Secretary, at the ATAF Multilateral Agreement on Mutual Assistance Conference, Pretoria (25/07/2012)

SPEECH

Mr Oupa Magashula - the Commissioner of the South African Revenue Service Mrs Jennifer Morel – Commissioner of the Seychelles Revenue Commission

28 May 2012

No more exit charge?

Cliffe Dekker Hofmeyr

Judgment in the case of Commissioner for the South African Revenue Service v Tradehold Ltd (case no 132/2011) was handed down in the Supreme Court of Appeal (SCA) by Boruchowitz AJA on 8 May 2012.

30 Mar 2012

Income Tax Act (58/1962): Notice issued in terms of paragraph 14 (3)(a) of the Fourth Schedule to the Act prescribing the date by which an employer must render a return as prescribed in the paragraph (Gazette No. 35209 – Notice 271)

NOTICE

By the power vested in him by paragraph 14(3)(a) of the Fourth Schedule to the Income Tax Act, 1962 (act No. 58 of 1962), George Ngakane Virgil Magashula, Commissioner for the South African Revenue...

03 Nov 2011

Apportionment of dual purpose expenditure: Round II

ENS

Dividends, other than certain foreign dividends, received by or accrued to or in favour of any person, do not constitute ‘income’ as defined in section 1 of the Income Tax Act, Act 58 of 1962...

19 Oct 2011

VAT judgment on imported services

ENS

In a recent case, XYZ Co v The Commissioner for the South African Revenue Service (VAT 382), the Tax Court held that advisory services acquired from a foreign supplier in relation to an offer which...

14 Oct 2011

Case law guidance on “place of effective management”

ENS

The concept of the “place of effective management” was considered in the recent judgment of the Western Cape High Court in the matter between The Oceanic Trust Co. Ltd N.O, and the Commissioner...

12 Sep 2011

Mining rehabilitation funds - what if they are no longer needed? Thoughts on Section 37A of the Income Tax Act

BOWMAN GILFILLAN

Mining companies are obliged to perform environmental rehabilitation of mining sites upon the decommissioning or termination of mining activities. Section 37A of the Income Tax Act, 62 of 1968...

03 May 2011

The importance of residence in determining liability for capital gains

CLIFFE DEKKER HOFMEYR

The case of TLD Limited v The Commissioner for the South African Revenue Service heard before the Tax Court raises the interesting issue of the interplay between the imposition of capital gains tax...

06 Jan 2011

Beware of rushing off to court

CLIFFE DEKKER HOFMEYR

The importance of disclosing all relevant information to the Commissioner for the South African Revenue Service (the Commissioner or SARS where applicable) was once again highlighted in the recent...

08 Dec 2010

Commissioner for South African Revenue Service v NWK Ltd (27/10) [2010] ZASCA 168

SUPREME COURT OF APPEAL

The Commissioner for the South African Revenue Service had levied additional assessments against NWK, a maize trading company, formerly a co-operative, for the years 1999 to 2003. He had also...

13 Sep 2010

Finance Law Update: September 2010

JURGENS BEZUIDENHOUT & HILGARD BELL ASSOCIATES

Company law - Draft legislation - Companies Amendment Bill 2010 The Companies Amendment Bill 2010 (the "Companies Bill") contains proposed amendments to the Companies Act, 2008 (the "new Act"). It...

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