Wednesday 28 April 2010

NEWSFLASH: Tax Administration published

The book on South African Tax Administration I co-authored with Professor Lynette Olivier has finally been published by Juta's.


The rules governing tax administration in South Africa are often confusing and sometimes seem arbitrary. This book provides all tax practitioners with clear and authoritative guidance on aspects such as the registration and submission of tax returns, assessments, requests for information, penalties and interest, privilege, reportable arrangements, dispute resolution, advance tax rulings and remedies. Showing how areas of law interrelate and noting best international practice, the authors set out the rules of tax collection in a well-structured and theoretically sound way.

Professor Michael Katz has this to say: "This book will be invaluable to everybody who has any involvement in tax - including the judiciary, the legislature in dealing with tax policy, tax administrators, practitioners, teachers and students".

You can buy this book from JUTA'S LAW PUBLISHERS
(ISBN 978 0 7021 8475 8)

Saturday 24 April 2010

Tax Deductions and The Naked News Reader

Can our TV stars claim back tax for looking beautiful?

Recently, a United Kingdom Tax Tribunal was required to adjudicate on whether Sian Williams, a BBC news presenter, was entitled to deduct costs incurred on professional hairstyling and colouring, professional clothing for studio appearances and laundry of professional clothes, for tax the full article by clicking here.

Monday 19 April 2010

SARS ’ lifestyle audits dig deep to find hidden assets

There have been a number of reports in the media recently regarding lifestyle audits that may be carried out by the South African Revenue Service (SARS), which has various information-gathering powers to carry out its mandate under the South African Revenue Service Act of 1997 and various fiscal statutes.

SARS is required to ensure that taxpayers comply with their tax obligations imposed under the various tax the full article by clicking here.

Thursday 8 April 2010

Foreign Investment Allowance, Exchange Control and Tax Matters

In view of the relaxation in exchange control announced by the Minister of Finance in the Medium-Term Budget Policy Statement, presented to Parliament during October 2009, South African residents may now invest up to R4 million abroad. Questions are often raised as to the fiscal consequences of making an investment abroad and, furthermore, the manner in which such investment should be structured.... read the full article by clicking here.

Read more interesting articles on tax by clicking here to access the February 2010 Tax ENSight newsletter written by the talented Edward Nathan Sonnenbergs tax team.

Friday 2 April 2010

Your Right to have Tax Assessment Reasons in Writing

Taxpayers have a right to request reasons in writiing for decisions made by the Commissioner of the South African Revenue Services (SARS) the full article by clicking here.

New South African Revenue Services Regulations see the light of day

The purpose of the new Tax Administration Bill is to incorporate into one piece of legislation certain generic administrative the complete article by clicking here.

Provisional taxpayers face different regulations

In view of the recent changes made to the provisional tax system, by way of amendents the full "Tax Bites" article by clicking here