In a developing country where there is high unemployment and low growth in gross domestic product, one would assume that the government would encourage growth in the private sector.
Eish! SARS is really getting aggressive about tax collections - and some over-zealous assessors are pushing the envelope.
In addition to the payout received from a retirement fund, many employees also receive payouts from their employers. This article touches on those lump sum amounts that are paid by an employer upon termination of employment.
Following the publication of last month's article, relief of up to R750 per taxpayer has been announced.
Court upholds long-established principle.
2011 tax year - urgent SARS requirements.
The sale must be of a going concern to qualify for zero-rating.
Whether or not the VAT is to be included in the value of an asset for fringe benefits tax purposes, depends on whether or not the employer claimed it as input tax up front.