On 11 February 2009 Finance Minister Trevor Manuel delivered his National Budget Speech for the 2009/10 fiscal year, accompanied by the release of a number of informative documents.
It's Budget time again, and contrary to many expectations, Trevor Manuel has once again managed to come through with some fairly significant tax relief.
Section 11(a), the ''general deduction formula'', has a number of exceptions to the rule, as contained in Section 23.
The draft Interpretation Note indicates where SARS is heading on interest-free loans within corporates.
SARS warns against false websites purporting to be theirs.
According to SARS, "86% of  income tax returns were submitted electronically, and almost 76% processed within just 24 hours!".