Is outstanding PAYE, for which an employer has become personally liable, a tax that has not been paid in full, or a penalty?
When an employer is held personally liable for employees' tax not deducted, the debate as to whether it is unpaid tax or a penalty, may seem academic.
A new SARS Interpretation Note outlines the principles SARS will apply in determining if an entity is a Personal Service Provider, and whether or not PAYE should be deducted from any payments made to one.
SARS' new registration requirements make it incredible onerous for small businesses to comply.
In cross-border transactions, an amount may be taxable either in South Africa or in the foreign country, but not both.
Retiring lump sums, non-residents disposing of fixed property, and currency gains and losses all have an impact.
Income tax is now payable on "phantom" share schemes.