Will proposed new diesel refund system address inequities or disputes?
National Treasury and SARS recently published a discussion paper for public comment which sets out proposed options for an improved Diesel Fuel Refund Tax System.
National Treasury and SARS recently published a discussion paper for public comment which sets out proposed options for an improved Diesel Fuel Refund Tax System.
A tax free savings account is a very important and under-used investment vehicle, especially as the growth in the investment attracts no tax.
There was precious little in the Budget to assist in growing the economy by way of a reduction in tax rates or incentives to excite local or foreign investors.
For Pravin Gordhan the Budget is first and foremost an instrument of political policy – a view he reiterated at various times during and before Wednesday’s Budget address in Parliament.
Daniel Silke says a credible Pravin Gordhan ultimately did what he could do at the 2017 Budget, and was stymied by political and policy paralysis. If he’d gone any other route, he may have fast-tracked his own exit.
A bombshell hidden in the detail of the 2017 Budget review relates to the taxation of offshore trusts.
SARS will use the County-by-Country Report to identify high-level transfer pricing risks and other BEPS related risks in South Africa.
Bracket Creep is when an increase to a person’s salary effectively places them in a higher tax bracket than they were before.
The imposition of a sugar tax introduces a mixed bag of arguments. Whether a sugar tax is the way to go at this stage is, at best, an uneasy argument.
BDO South Africa’s Ferdie Schneider says that in light of the current economic factors, Pravin Gordhan’s budget could probably have been worse.