MY FIVE CENTS

My thoughts on current news and occurrences in the dynamic tax and financial landscape of South Africa, as well as relevant international matters.

Our Five Cents Articles

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Turnover tax offers micro businesses in South Africa a simplified approach to meeting their tax obligations, replacing Income Tax, VAT, Provisional Tax, Capital Gains Tax, and Dividends ...

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Background Information

Trust XYZ acquired two residential properties through transactions with Trustee A and Trustee B. Trustee A sold his primary residence ...

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The South African government is introducing a new retirement savings system known as the two-pot system, starting in September. Under this system, a portion of each person's retirement ...

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When you submit your tax return, the following may delay your refund from being paid (if a refund is due):

• When your banking details have been identified for verification, ...

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In a recent ruling dated 8th December 2023, the Tax Court adjudicated on a significant VAT dispute between KEN CC (the appellant) and the South African Revenue Service (SARS). The ...

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As taxpayers, we often encounter various deductions on our tax returns. However, some lesser-known deductions can easily slip through the cracks. To help you navigate these less ...

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