ATL-Editor

Reportable arrangements – significant changes in the pipeline 27 January 2015 Posted by: Author: Kyle Mandy   The Tax Administration Laws Amendment Bill 14 of 2014 (TALAB) proposes a number of important changes to the reportable arrangement provisions contained in Chapter 4 of the Tax Administration Act (TAA). However, it is important to also consider […]

Understatement penalties: where is the prejudice to SARS? ENSafrica Seelan Moonsamy and Nada Kakaza South Africa February 18 2015 The understatement penalty (“USP”) regime introduced by the South African Revenue Service (“SARS”) in terms of the Tax Administration Act, No 28 of 2011 (the “TAA”), which is still in its infancy stages, has led to

South African withholding taxes ENSafrica Magda Snyckers and Liesl Visser South Africa February 18 2015 Over the past few years we have seen the introduction of various withholding taxes to the South African tax system. We set out below a high-level summary of the various withholding taxes that are levied in terms of the Income

Amendment to the definition of “relevant material” 26 January 2015  Author: Mike Dingley (Mazars) Mike Dingley discusses the amendment to the definition of relevant material as an “absolute discretion”. The 2014 Tax Administration Laws Amendment Bill (TALAB) when passed will amend the definition of “relevant material” as contained in section 1 of the Tax Administration

South Africa: Effect Of Taking Professional Advice On Imposition Of Understatement Penalties And Interest Last Updated: 10 February 2015 Article by Beric Croome ENSafrica  On 18 November 2014 Wepener J delivered judgment in the case of Mr Z v The Commissioner for South African Revenue Service, case number 13472 in the Tax Court Johannesburg (as

Changes to criteria considered by SARS when suspending payment of tax DLA Cliffe Dekker Hofmeyr Mareli Treurnicht South Africa January 30 2015   When the Tax Administration Act, No 28 of 2011 (TAA) was promulgated on 1 October 2012 it introduced rather aggressive provisions empowering the South African Revenue Service (SARS) to collect tax more

Confusion regarding interpretation DLA Cliffe Dekker Hofmeyr Heinrich Louw South Africa January 23 2015 An interesting judgment was handed down in the Tax Court on 9 December 2014 in the matter of AB CC v The Commissioner of the South African Revenue Service (VAT case number 1005, as yet unreported). In this matter, a registered vendor for