It is a great pleasure for me to compile this, my first issue of Tax Breaks. But although the editorial staff may have changed, the increasing complexity of tax legislation, and the greater intensity with which SARS seeks to enforce such legislation, remains constant.
Employers were incorrectly advised by the South African Revenue Service (SARS) in Notice 3 of 2007, dated 2 October 2007, to apply an annual limit of R149 736 to UIF contributions with effect from 1 October 2007.
The Taxpayer, the Ernst Bester Trust, is the owner of a portion of agricultural land that had been bequeathed to the trust by one Mr Van Zyl Bester. The trust leased the farm to Ernst Bester, who carried out farming activities thereon.