n Tax Breaks Newsletter - Frustration over tax clearance for foreign allowances : compliance
|Article Title||Frustration over tax clearance for foreign allowances : compliance|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||May 2015|
|Pages||6 - 7|
Although the foreign capital allowances for South African residents were increased with effect from 1 April 2015, some industry players say that SARS' procedures still leave them in the same position they were before - that is, they get tax clearance on amounts up to R4 million (usually within a few days), but are referred for audit where amounts exceed R4 million.
Article metrics loading...