Author: Linda Ensor (BusinessDay) Chairman of the newly appointed tax review committee Judge Dennis Davis has rejected the suggestion that the committee’s role is to find out how the government can collect more money from taxpayers.
Author: Nyasha Musviba
Media Statement – SARS Commissioner Oupa Magashula Resigns
On 24 March 2013 I said I would institute a thorough investigation into allegations against the Commissioner of the South African Revenue Service (SARS), Mr Oupa Magashula, published in the media on that day. Following the outcome of a fact-finding inquiry into these allegations, Mr Magashula has resigned with effect from 12 July 2013.
The drug lord who took Oupa Magashula down
Convicted drug dealer and apartheid policeman Panganathan “Timmy” Marimuthu brought down disgraced tax boss Oupa Magashula after a series of dodgy meetings erupted into a jobs-for-pals scandal. The South African Revenue Service commissioner resigned this week after an inquiry found he had lied about his relationship with Marimuthu, who was convicted in 1992 of dealing in Mandrax and sentenced to three years in jail. Although his appeal failed, he never served the sentence.
Probe prompts Sars boss’s resignation
Johannesburg – SA Revenue Service (Sars) commissioner Oupa Magashula has resigned following an investigation into allegations of misconduct, the Treasury announced on Friday.
Why Sars boss quit – Gordhan
Oupa Magashule. Photo: Simphiwe Mbokazi Related Stories Probe prompts Sars boss’s resignation Sars head’s resignation welcomed SARS boss quits over job probe Magashula resignation welcomed Johannesburg – South African Revenue Service (Sars) Commissioner Oupa Magashula has resigned following an investigation into allegations of misconduct – developments Finance Minister Pravin Gordhan has described as “regrettable and disappointing”.
Tax changes for trusts still under consideration
Nicole Paulsen and Danielle Botha, associates in the Tax Practice at Cliffe Dekker Hofmeyr Uncertainty regarding the future of trust tax regime. Proposed changes to tax legislation regarding trusts will not take place immediately, National Treasury has said.
New tax Amendment Bill published
The National Treasury published the Taxation Laws Amendment Bill and the Tax Administration Laws Amendment Bill on Thursday for public comment. Picture: Gallo Images
Notice to furnish returns for the 2013 year of assessment
Tax season in a nutshell. General comments Government Notice no. 451 was issued by the Commissioner on 28 June 2013. Its purpose is to give notice to furnish returns in respect of the 2013 year of assessment. The returns that the notice refer to are of course the ones required for the assessment of normal tax. This alert will deal with the content of the Notice.
Patricia De Lille conned by tax fraud
THE tax practitioner who defrauded Cape Town mayor Patricia de Lille of R80 000 has been found guilty on a multitude of charges including fraud and theft in the Wynberg Regional Court.
Ruling on dividends tax on shares held by local branches
On June 19 2013 the South African Revenue Service (SARS) published Binding Private Ruling 148. The ruling dealt with whether the dividends tax rate applicable to dividends paid on shares held by a local branch of a foreign company can be reduced by a relevant double tax agreement. The facts were briefly as follows.