A recent decision in the Tax Court in the Western Cape (Case No. 13002) related to the question whether a company was carrying on farming.The company (Company A) had acquired a piece of land on which there were substantial plantations.
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Commissioner’s discretion to levy or remit penalties
The Tax Administration Act No. 28 of 2011 (the TAA) which came into effect on 1 October 2012 (bar a few specific sections) introduced two types of penalties, namely administrative non-compliance penalties and understatement penalties.
Can SARS customs enter premises without a warrant?
The Customs and Excise Act No. 91 of 1964 (the Act) requires registration and licencing of persons and/or premises for conducting certain activities in terms the Act.
A Business Rescue – Successful Except on the Tax Front
The business rescue provisions of the new Companies Act 71 of 2008 have generated much discussion in commercial and legal circles. However, the fiscal aspects of a business rescue plan have seldom been debated.
Tax Flash – July
The most significant tax event during the month of July was the publication of the 2013 taxation bills, the Draft Taxation Laws Amendment Bill (‘TLAB’) and the Draft Tax Administration Laws Amendment Bill (‘TALAB’).
Judge Dennis Davis to chair Tax Review Committee
By Ingé Lamprecht ‘Panel shows good balance of tax and business knowledge.’ JOHANNESBURG – Tax experts believe the Tax Review Committee that was appointed by the minister on Wednesday exhibit a good balance of tax and business knowledge.
Minister Gordhan Announces Further Details Of The Tax Review Committee And The Terms Of Reference
The Minister of Finance, Pravin Gordhan, has today announced members of the Tax Review Committee as well as the committee’s terms of reference. Today’s announcement gives effect to the Minister’s announcement in
Terms Of Reference For The South African Tax Review Committee
Author: Ministry of Finance The Minister of Finance announced in the 2013 Budget that- “A tax review will be initiated this year to assess our tax policy framework and its role in supporting the objectives of inclusive growth, employment, development and fiscal sustainability…”
SARS to Revamp the Tax Clearance Certificate Application Process
Author: Gugulethu Lushaba (Ernst & Young) The South African Revenue Services (“SARS”) has that as from 4 May 2013, it will be doing away with the existing Tax Clearance Certificate (“TCC”) application process and introducing a new system, to be referred to as the Tax Compliance Status (“TCS”)
Government did not say ‘find more money’ — Davis
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.