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Letting of Residential Property Initially Intended for Sale
Generally, VAT is charged at the standard rate on the supply of residential properties (the sales of apartments, flats, or houses...
Nico Grobler
Oct 30, 20212 min read
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Compliance Is Now More Important Than Ever.
SARS has set its sights on non – compliant taxpayers and has now broadened its scope for criminal prosecution in terms of a recent...
Ruan Jansen van Vuuren
Oct 18, 20211 min read
62 views
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Letters of Demand by SARS
The current state of the economy in South Africa has given rise to an increase in revenue collection by the South African Revenue Service...
Claudia Steyn
Aug 11, 20212 min read
201 views
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SARS must keep taxpayers informed during an audit
Did you know that the South African Revenue Service (SARS) must keep taxpayers informed during an audit process and provide an...
Ruan Jansen van Vuuren
Aug 2, 20212 min read
75 views
2 comments
VAT on Intercompany Recharges and Recoveries
It is common practice for group companies to enter into agreements with each other for the recovery of expenses incurred by one company...
Deon Le Roux
Jul 26, 20212 min read
4,423 views
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POPI Act Commencement Date
The Protection of Personal Information Act (POPIA) comes into effect on 1 July 2021 after the Act was initially introduced on 1 July...
Victor Terblanche
Jun 30, 20211 min read
36 views
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VAT Automation and Digital VAT Audits
The advancement in technology brings about exciting and cutting edge changes to VAT automation and digital audits. The impact is globally...
Diane Valadao
May 20, 20213 min read
117 views
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Another Pillar of VAT Compliance
The Importance of Documentary Requirements and Accurate VAT Reporting. After ensuring that your ERP has been set up correctly, to capture...
Claudia Steyn
May 6, 20211 min read
50 views
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SARS Tax Collection Via Third Party Appointments
As Taxpayers are still grappling with the consequences of covid-19, SARS is under tremendous pressure from Government to collect tax....
Ruan Jansen van Vuuren
Apr 22, 20212 min read
149 views
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Onus on Taxpayers to Update SARS Details
It is a requirement within the Tax Administration Act, 2011 (“the TAA”) for all companies to appoint a Public Officer who will act as the...
Nico Grobler
Apr 20, 20212 min read
132 views
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Managing risk when submitting an IT14SD reconciliation
SARS is more frequently requesting taxpayers to submit a Company Income Tax Supplementary Declaration (IT 14SD) after having assessed the...
VATIT South Africa
Oct 20, 20202 min read
240 views
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The first pillar of VAT Compliance lies within the electronic set-up of your Enterprise
With the outbreak of COVID-19 businesses are now more than ever dependant on the digitalisation of its practices and workforce. It is...
Claudia Steyn
Oct 20, 20201 min read
108 views
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The impact of Covid19 on late submission of objections and appeals
Will SARS still consider a late submission of an objection or appeal due to Covid19? The various restrictions imposed by the national...
VATIT South Africa
Apr 27, 20202 min read
139 views
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Additional Covid 19 Tax relief measures.
Following the announcement of the State of National Disaster by President Cyril Ramaphosa on 22 March 2020, SARS published the initial...
VATIT South Africa
Apr 27, 20201 min read
51 views
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The impact of Covid19 on VAT submissions
Covid19 will have a material impact on various businesses in the form of cash flow difficulties or tax compliance challenges, where...
VATIT South Africa
Apr 27, 20202 min read
79 views
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