Johannesburg – SA Revenue Service (Sars) commissioner Oupa Magashula has resigned following an investigation into allegations of misconduct, the Treasury announced on Friday.
Author: Nyasha Musviba
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.
Taxpayer’s Rights In Respect Of A Suspension Of Payment Of Tax
Author: Mareli Treurnicht Any taxpayer who wishes to object to or appeal against an assessment issued by the South African Revenue Service (“SARS”) must be aware that their obligation to pay any tax under that assessment is not automatically suspended by virtue of the submission of the objection or appeal itself. Any taxpayer who
The Tax Administration Act – Where’s The Redress For Taxpayers?
Author: Johan van der Walt (Cliffe Dekker Hofmeyr) The Tax Administration Act, No 28 of 2011 (TAA) took effect on 1 October 2012. At a recent TAA conference the first question asked was how taxpayers and advisers could get the South African Revenue Service (SARS) and officialdom to abide by timelines and to follow prescribed procedures. And what are the remedies should
Thin Capitalisation – SARS’ New Interpretation
Author: AJ Jansen van Nieuwenhuizen (Grant Thornton) Earlier this year, SARS released a draft Interpretation Note (IN) on how they would determine a taxpayer’s taxable income from certain international transactions. The draft IN provides taxpayers with guidance on how to apply the arm’s length principle when determining whether a taxpayer is thinly capitalised