Tag Archivestax laws
VAT

When must a Non-Executive Director be VAT registered

On 4 May 2017, SARS made a Binding General Ruling (BGR) that deals with the VAT treatment of the activities conducted by Non-Executive Directors (NEDs) and further clarifies whether those activities fall within the ambit of proviso (iii)(aa) or proviso (iii)(bb) to the definition of “enterprise” in section 1(1) of the Value-Added Tax Act 89 […]

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tax

Withholding tax when dealing with a non-resident seller

Generally speaking, capital gains tax is normally payable on the proceeds of sales of immovable property. However, the enforcement and payment of this have proven problematic, particularly when sales of immovable property concerns non-residents. From the South African Revenue Services’ (“SARS”) perspective; it has been always been extremely problematic to ensure proper and fair compliance […]

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taxation

Further amendments to the Draft Taxation Laws Amendment Bill

On 25 September 2016, the National Treasury and the South African Revenue Service (SARS) published further amendments to the 2016 Draft Taxation Laws Amendment Bill (TLAB) for public comment, following the first batch TLAB published on 8 July 2016. A short summary of the most important proposed amendments are set out herein: a) Connected person […]

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