Tax man to receive detailed bank account information of all bank clientele.
Some changes were as announced in the Budget; others are new.
It's legislation time again, with the second version of the 2012 Taxation Laws Amendment Bill soon to be promulgated.
There are pros and cons..
Changes to 'pay now, argue later' rule, amongst others..
Six new aspects to be aware of.
Retrospective or retroactive legislation makes it impossible for a taxpayer to arrange their affairs and to comply with the relevant legislation.