Tax Breaks Newsletter - Volume 2010, Issue 288, 2010
Volume 2010, Issue 288, 2010
Source: Tax Breaks Newsletter 2010, pp 1 –2 (2010)More Less
For those of us who grew up in the South of Johannesburg, having "connections" was the key to survival. Whether you need your car fixed, a security gate welded, or even some decent boerewors for the Sunday braai, somebody always knew somebody who knew somebody who had a "connection" that could sort you out with whatever you needed - often for a very good price, if not the "right" price.
Author Tess RodriguesSource: Tax Breaks Newsletter 2010, pp 2 –3 (2010)More Less
The amendment to the taxation laws, with regard to residential properties in a company, close corporation or trust, has been widely publicized. But just in case you're still in the dark, if you own your primary residence in the name of a company, close corporation or a trust, you have a window period until 31 December 2011 to transfer this property into your personal name, without incurring transfer duty and capital gains tax.
Source: Tax Breaks Newsletter 2010, pp 4 –5 (2010)More Less
On 30 September 2009, Section 36 of the VAT Act was changed. Previously, that section called "payment of tax pending an appeal" - used to provide that taxpayers were required to "pay now, argue later" regarding any disputed amounts of VAT, interest and penalties that had been assessed.
Author Kemp MunnikSource: Tax Breaks Newsletter 2010, pp 7 –8 (2010)More Less
Author Jana BothaSource: Tax Breaks Newsletter 2010 (2010)More Less