n Tax Breaks Newsletter - Taxing issues




Extracted from text ... TAXING ISSUES Kathy Thersby Editor IT'S ENCOURAGING to see that SARS is sometimes willing to admit and correct its mistakes - as we reported last month when the small business tax amnesty was amended to exempt tax advisers from certain FICA provisions, and again this month with SARS's revision of what constitutes a "personal services company" and "personal services trust". Now, if only Revenue would be a little quicker in correcting these oversights, and not leave taxpayers labouring under unfair legislation. Nevertheless, we'll accept those concessions as a Christmas gift from SARS, and wish all our readers lots more ..


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