Depreciation vs wear & tear
Deterioration, obsolescence and wear and tear are among the reasons why assets decrease in value. By realising a deduction on depreciation for tax purposes, your company can recover the costs of certain moveable assets that are used in the production of income.
Value-added Remarks on Value-added Tax (VAT)
VAT is an integral part of our economic society and is something that influences everyone, especially businesses in South Africa. In this article, we will discuss a few do’s and don’ts regarding VAT.
Junie 2019
Die son gaan lê vroeër, die koue sluip in en die verkleurde boomblare val een-een af. Winter is hier! Tyd staan nie stil nie, die eerste helfte van 2019 is verby. Belastingjaareinde het gekom en gegaan. Ons is gereed vir die volgende belastingseisoen wat voorlê. Hou vas, want die jaar vlieg verby!
Deductibility of interest for non-trading individuals
SARS Practice Note 31.2 (PN31.2) provides for a person to be able to deduct interest paid, even where that person is not a moneylender or doesn’t carry on any other trade, where that interest expense is incurred in the production of other interest earned to the extent that it does not exceed the interest income.
Requests for suspension of payment from SARS
Since its introduction, the “pay now, argue later” rule relating to disputed amounts of tax has been and remains to be the subject of much controversy, and rightfully so. The basic premise is that even though you disagree with an amount of tax, once you have been assessed by SARS...
Omheining van verliese (artikel 20A) vir natuurlike persone
Artikel 20A het met ingang van 1 Maart 2004 in werking getree. Hierdie artikel handel oor die omheiningsbepalings wat verhoed dat natuurlike persone hul belasbare inkomste verminder deur verliese uit sekondêre handel te gebruik.
Maart 2019
Na 'n lekker Desember-vakansie is almal weer terug op hul pos, uitgerus en reg vir die 2019 jaar. Ook maar vinnig uit die blokke met die belasting Jaareinde. HVM as ‘n span sien uit om die uitdagings van die jaar saam aan te pak.
Tax on retirement lump sums
Determining the tax consequences in respect of any lump sum benefits from retirement funds can be complex and various legislative changes have been incorporated over the last few years, to regulate and align the tax treatment of these benefits.
