Tax law

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The 2020 Budget Speech

Finance Minister Tito Mboweni delivered his budget speech on 26 February 2020 painting a rather bleak view of the current and future economic climate in South Africa. With inflation and our budget deficit said to increase at a remarkable rate in comparison to economic growth, what are the positives to be taken away and how […]

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The Carbon Tax Act

Introduction The Carbon Tax Act 15 of 2019 (the “Act”) was enacted as a result of the increase of greenhouse gas emissions in the atmosphere, which is causing and contributing to global climate change.  The Act in its preamble, therefore, aims to contribute to the worldwide effort to stabilise greenhouse gas emissions by employing the […]

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Case Study: Can the Tax Court Increase Penalties Issued by SARS?

Introduction Once the South African Revenue Services (‘SARS’) issues your business with a penalty relating to your Value Added Tax (‘VAT’) or Corporate Income Tax Returns (‘CIT’), would the Tax Court be able to increase such penalties if they are of the opinion that SARS were too lenient? The recently decided case of Purlish Holdings […]

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So, you owe the taxman?! For how long can you be held liable?

Introduction One of life’s few certainties is the payment of taxes. Bearing that in mind, we should ensure that we never find ourselves in a predicament to have an outstanding account with the taxman in the first place, which of course, is sound advice. In cases of liquidation, we know that the South African Revenue […]

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tax compliance status

The revocation of tax compliance status

In the recent decision of Red Ant Security Relocation and Eviction Services (Pty) Ltd v Commissioner for the South African Revenue Service the Pretoria High Court found that SARS had failed to follow due process in revoking tax compliance status in terms of the Tax Administration Act (“the TAA”). The Applicant in the matter sought […]

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