(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Tax

Supply of low-income housing: is it zero-rated?

Contractors that rendered services before January 2017 should carefully evaluate whether their services were correctly zero-rated. In the recent case of The Commissioner for the South African Revenue Services v Amawele Joint Venture CC, the Supreme Court of Appeal (SCA) considered whether the three housing projects under the Emergency Assistance Programme (EAP) and the Rectification… Read More Supply of low-income housing: is it zero-rated?

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Tax

Have the debt waiver provisions become easier to implement?

By Elizabeth Lombaard and Nishtha Bhoola Have the debt waiver provisions become easier to implement? One of the main changes introduced in the draft Taxation Laws Amendment Bill relates to the debt relief provisions set out in section 19 (which determines the income tax implications of debt relief) and paragraph 12A of the 8th Schedule to the… Read More Have the debt waiver provisions become easier to implement?

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Tax

How does South Africa treat global citizens from a taxation perspective?

By Madelein Grobler Packing your bags and leaving on a jet plane seems a lot more complicated than it should be, but keeping yourself informed puts you in a position to make better decisions and choices as to how you want tax to impact your life abroad Stat SA released the Community Survey 2016 noting… Read More How does South Africa treat global citizens from a taxation perspective?

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Tax

What are the 2018 tax season issues?

By Marc Sevitz and Colin Wolfsohn In what seems like the blink of an eye, the tax season is already almost three months in and we have seen quite a number of areas where both tax practitioners and taxpayers need to be on the look-out when preparing and submitting tax returns. On 2 July 2018,… Read More What are the 2018 tax season issues?

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Tax

A new BEPS perspective

Taxpayers with a global footprint are going to require the assistance of reputable international tax experts for the foreseeable future to help them navigate their intragroup dealings. One thing is certain. We are no longer simply talking about the OECD’s base erosion and profit shifting (BEPS) project in South Africa; we are living in this… Read More A new BEPS perspective

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Financial Reporting

Transparency reporting: a health check

Current levels of fraud and corruption in South Africa have resulted in calls for greater transparency and accountability by businesses. Transparency reporting is an opportunity for audit firms to demonstrate their commitment to audit quality Transparency reports issued by audit firms to assist stakeholders in understanding how the systems of the firm are functioning can… Read More Transparency reporting: a health check