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This area of the site displays all the resources and online articles for the Tax Suite.

All the Tax articles are also linked to specific "Topics" of interest.

What's New (10)

This section contains new developments in the South African tax field. It will alert subscribers by means of tax-alerts to draft legislation or interpretation notes released for comment, Acts promulgated, interpretation notes issued and rulings published by SARS as well as regulations and notices issued. The alerts will provide subscribers with a short summary and analysis of what changes are being introduced and commentary thereon.

Provisional tax (2)

Provisional tax is an advance payment of normal tax. In other words it is the payment of the tax before the person has been assessed. It mainly applies to persons not paying tax regularly during the tax year – such as employees by way of employees’ tax. Certain persons are exempt from making provisional payments. The Act requires of a person to know when that person is a provisional taxpayer and levies penalties if the provisional tax is underpaid or paid late. The guide covers all aspects of provisional tax.

Court Cases & Analysis (84)

In this part you can access important and recent decisions by the courts. The cases will not only be ones that dealt with tax related issues, but you will also find cases that dealt with trusts, estates and other relevant legal principles.

Dividends Tax (10)

In simple terms, Dividends Tax is a tax imposed on shareholders at a rate of 15% of the amount of the dividend. The tax is categorised as a withholding tax, as the tax is withheld and paid to SARS by the company paying the dividend or by a regulated intermediary (i.e. a withholding agent interposed between the company paying the dividend and the beneficial owner), and not by the person liable for the tax, i.e. the beneficial owner of the dividend.

In this guide you will find a condensed explanation of the law relevant to the dividend tax. The law is contained in Part VIII of the Income Tax Act, sections 64D – 64N.

Value-Added Tax (11)

In this part you will find information about practical Value-Added Tax applications. The first one deals with a special change in use rule that applies to developers of residential property. The detail discussion explains the value-added tax consequences of the temporary letting of residential fixed property. The information is based on sections 18(1) and 18B of the Value-added Tax Act and applies with effect 10 January 2012.

Securities Transfer Tax (4)

The Securities transfer is levied on every transfer of a security. A security in essence means any share in a company; a member’s interest in a close corporation (CC); or any right or entitlement to receive any distribution from a company or CC. Only the following securities are taxable: Securities issued by companies incorporated, established or formed inside the Republic; and securities issued by companies incorporated, established or formed outside the Republic, which are listed on an exchange. In this guide you will find a condensed explanation of the law relevant to the dividend tax - the Securities Transfer Tax Act, 2007.

Foreign Dividends (2)

The Dividends Tax is a tax imposed on shareholders at a rate of 15% of the amount of the dividend.

In this guide you will find a condensed explanation of the law relevant to the taxation of foreign dividends received by RSA residents. The law is contained in section 1 and section 10B of the Income Tax Act.

Medical Tax Credits (1)

In this part the medical scheme fees credits (sections 6A and 6B) are explained. Both sections provide for a rebate which may be deducted from the normal tax payable by a taxpayer and apply in respect of years of assessment commencing on or after 1 March 2014. The detailed discussions explain who is entitled to the credit, how it is to be calculated and the employees’ tax considerations.

Corporate reorganisation Tax (0)

In this part you will find information regarding the special rules relating to asset-for-share transactions. The detail discussions deal with the following: An introduction and description of the transaction, the parties to the transaction, its requirements, the benefits of an asset-for-share transaction, the cost of the shares obtained and the impact on the other taxes, such as Transfer duty and Value-Added tax.

Asset for Shares transactions (5)

In this part you will find information regarding the special rules relating to asset-for-share transactions. The detail discussions deal with the following: An introduction and description of the transaction, the parties to the transaction, its requirements, the benefits of an asset-for-share transaction, the cost of the shares obtained and the impact on the other taxes, such as Transfer duty and Value-Added tax.

Allowances (11)

In this Tax Suite guide we deal with the tax consequences of an advance or allowance which is paid or granted to enable the recipient thereof to spend it on expenses that are related to the business of the person paying the allowance or advance.

You will find detail regarding reimbursive allowances, travel allowances and allowances in respect of accommodation, meals and incidental expenses here. We also deal with expenses incurred by holders of a public office and allowances paid to persons stationed outside the RSA.

Estate Duty and Donation Tax (2)

Donation tax is levied in terms of sections 54 to 64 of the Income Tax Act and is in essence a tax on the transfer of wealth. This guide provides a framework for the calculation of donation tax, as well as detail regarding the specific and general exemptions to donation tax. Guidance and practical examples to the valuation in the case of the donation of limited rights such as usufruct and bare dominium are also provided. The relationship between donation tax and other taxes in South Africa is investigated and guidance is provided.

Exempt entities (2)

Recreational clubs in South Africa are treated different than normal taxpayers and businesses based on commercial principles. However recreational clubs are no longer exempt from normal tax on all their receipts and accruals from all their activities. Similar to Public Benefit Organisations recreational clubs have a so-called partial regime of taxable and especially income and receipts from trading activities are taxable to the extent that it exceeds the threshold per the legislation.

Budget (6)

This section contains SAICA’s budget summary on the Ministers budget proposals as announced by him in the annual budget statement. Refer attached doc for the detail articles split. Each new sub-heading starts on a new page.

Income Tax (9)

In this section, you will find useful guides and information relating to the Income Tax Act and the practical application thereof.

Tax Resources (40)

The page give you access to selected information on the SARS website, information on Double Taxation Agreements and Legislation

Newsletters & Tax Archives (148)

The main aim of the Tax Suite is to keep tax practitioners up to date with the recent developments in the tax field. In this part subscribers will find detail of new tax legislation, announcements by SARS, new interpretation notes and guides issued by SARS. Subscribers will not merely be alerted to what is new in tax, but will find additional information relating to the new developments.

Employees' Tax (2)

In this section, you will find useful guides and information relating to various aspects of employees' tax and the practical application thereof.

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