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Thursday, May 7, 2009. Sars´s nasty tax demands. Steven Jones - Moneyweb Tax. If services are rendered that income will be taxed whether it is a tip for waitressing, voluntary bonuses or rewards for information. It also makes no difference whether there is a contractual obligation for payment in respect of such services, or whether the payment is voluntary - the fact that an amount is received is sufficient for it to fall within this section. The defining criterion is the rendering of services. The judge...

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Thursday, May 7, 2009. Sars´s nasty tax demands. Steven Jones - Moneyweb Tax. If services are rendered that income will be taxed whether it is a tip for waitressing, voluntary bonuses or rewards for information. It also makes no difference whether there is a contractual obligation for payment in respect of such services, or whether the payment is voluntary - the fact that an amount is received is sufficient for it to fall within this section. The defining criterion is the rendering of services. The judge...

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TAXtalk | taxtalkblog.blogspot.com Reviews

https://taxtalkblog.blogspot.com

Thursday, May 7, 2009. Sars´s nasty tax demands. Steven Jones - Moneyweb Tax. If services are rendered that income will be taxed whether it is a tip for waitressing, voluntary bonuses or rewards for information. It also makes no difference whether there is a contractual obligation for payment in respect of such services, or whether the payment is voluntary - the fact that an amount is received is sufficient for it to fall within this section. The defining criterion is the rendering of services. The judge...

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TAXtalk: For every door that closes, another opens for BEE

http://taxtalkblog.blogspot.com/2009/03/for-every-door-that-closes-another.html

Wednesday, March 18, 2009. For every door that closes, another opens for BEE. Paul Austin, Head of Corporate Finance - BDO Spencer Steward. Many of the black economic empowerment (BEE) deals struck in recent years after painstaking negotiations may have to be renegotiated – dealing a blow to the Department of Trade and Industry’s goal for an unencumbered 25 percent of the economy to be in black hands by 2017, according to Werksmans Attorneys and auditors BDO Spencer Steward. Van der Merwe says that a num...

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TAXtalk: SARS turns screws on rich tax cheats

http://taxtalkblog.blogspot.com/2009/03/sars-turns-screws-on-rich-tax-cheats.html

Thursday, March 12, 2009. SARS turns screws on rich tax cheats. Simpiwe Piliso - Sunday Times. The taxman has unleashed his investigators on some of the country’s richest cheats, who could include banking executives, media barons, IT moguls, sports stars, celebrities and empowerment millionaires. As part of a major crackdown, SARS has launched a review of the files of more than 600 wealthy individuals, including their family trusts. Measures used by SARS to check assets against declared income include:.

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TAXtalk: February 2009

http://taxtalkblog.blogspot.com/2009_02_01_archive.html

Thursday, February 26, 2009. New Income Tax Penalty Regulations. The new s75B ITA authorises a unified fixed-amount penalty regime for all forms of non-compliance, e.g. late filing of returns. The actual penalties are contained in separate Regulations published by SARS. The Regulations apply only to the Income Tax Act, and would thus also cover other taxes like Donations Tax and STC (etc.), but not VAT and Estate Duty (etc.), which are taxes governed by other Acts. See http:/ www.etaxes.co.za...These fix...

4

TAXtalk: Small businesses VAT headache

http://taxtalkblog.blogspot.com/2009/04/small-businesses-vat-headache.html

Thursday, April 2, 2009. Small businesses VAT headache. Monique Vanek - Moneyweb Tax. Sarss new registration requirements are making it incredibly onerous for small businesses to comply. If one had to pinpoint the two big tax issues that are getting up South Africans noses it would be provisional tax (see: Provisional tax: a tax nightmare) and VAT registrations. 1 Applications have to be submitted in person by a vendor, or duly authorised and registered practitioner. These practitioners have to be in...

5

TAXtalk: January 2009

http://taxtalkblog.blogspot.com/2009_01_01_archive.html

Thursday, January 29, 2009. Managing Expats - and getting quality returns on top skills. Kemp Munnik, Director - BDO Spencer Steward. The ultimate trading commodity in today’s global economy. As companies across the world redefine operations, systems and processes in order to bridge skills gaps, they are not only looking across borders and continents to source scarce skills. For many this has meant having open, honest discussions with key employees regarding their future role in the business, and accommo...

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Thursday, May 7, 2009. Sars´s nasty tax demands. Steven Jones - Moneyweb Tax. If services are rendered that income will be taxed whether it is a tip for waitressing, voluntary bonuses or rewards for information. It also makes no difference whether there is a contractual obligation for payment in respect of such services, or whether the payment is voluntary - the fact that an amount is received is sufficient for it to fall within this section. The defining criterion is the rendering of services. The judge...

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