Recently released interpretation note deals with the limitation of allowances granted to lessors of certain assets.
What constitutes 'business travel' means different things to SARS than to taxpayers..
When you hit the ''confirm'' button on Internet banking, your payee has been paid, right? Not if that payee is SARS - it seems that your tax is only regarded as ''paid'' when the payment reflects on their side, which means that it could be late!
If the tax is due today and you make an EFT, it only hits SARS' bank tomorrow - which means it's late.
The Commissioner made a retroactive tariff amendment; now the Appeal Court has made SARS live with the consequences.
Implications of SARS' proposal to tax gambling winnings.
As from 1 April 2010, ''financial loss to the state'' and ''no financial benefit to the vendor'' are no longer criteria for SARS to remit interest on late payment of VAT.